Le Lézard
Classified in: Oil industry, Business
Subject: LIC

Tajikistan diversifies LPG imports


ASTANA, Kazakhstan, April 12, 2018 /PRNewswire/ -- Competition is growing among suppliers of liquefied petroleum gas (LPG) to Tajikistan, as Tajik companies sign deals with new companies.

Argus Media Logo (PRNewsfoto/Argus Media)

Tajikistan and Uzbekistan signed an intergovernmental agreement during a visit by Uzbekistan president Shavkat Mirziyoyev to Tajikistan last month. Under the deal, Uzbek state-owned Neftegazexport will deliver up to 80,000t of LPG to Tajik private-sector company Allat this year. This represents about a fifth of Tajikistan's LPG consumption, which is mainly used as a transport fuel. This will be the first time in the last decade that Uzbekistan has exported LPG to Tajikistan.

Separately, the largest producer and exporter of LPG in Kazakhstan, Tengizchevroil, signed a contract in March with three Tajik importers to supply Tajikistan with up to 4,500 t/month of LPG, until the end of this year. This is the first time that Tengizchevroil has sold LPG to Uzbekistan.

The pricing reference used in these deals is the Argus daf Bekabad assessment. This represents the price of LPG by rail to Bekabad on the Uzbekistan- Tajikistan border. The daf Bekabad price is produced weekly and published in the Argus International LPG report and the Russian language Argus Russian LPG and Condensate report.

Argus Media chairman and chief executive Adrian Binks said: "We are delighted that so many companies are finding Argus prices useful when taking advantage of these new trading opportunities."

Contact Information

London 
Seana Lanigan
+4 20 7780 4272
[email protected]

Houston
Scott Berg
+ 1 713 968 0000
[email protected]

Singapore
Pierre Lever
+65 6496 9960 
[email protected] 

About Argus Media

Argus is an independent media organisation with more than 850 staff. It is headquartered in London and has 21 offices in the world's principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets, and offers bespoke consulting services and industry-leading conferences.

Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.

Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders and global growth equity firm General Atlantic.

ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, Argus publication titles and Argus index names are trademarks of Argus Media Limited.

 

SOURCE Argus Media


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