Ningbo Port LPG Import Increases This Year

According to statistics of Ningbo Customs, the import volume of LPG and other hydrocarbon gases (hereinafter referred to as “liquefied gas”) at the Ningbo port during the first three quarters was 1.748 million tons, an increase of 66.6% year-on-year and a value of RMB 9.82 billion, an increase of 69.6%.

State-owned enterprises are the main force for imports, with a total of 1.142 million tons of imported liquefied gas, an increase of 60.4%, accounting for 65.3% of total imports. All imports were conducted in the form of general trade and bonded supervision and importing and exporting goods. From January to September, the Ningbo Port imported 1.246 million tons of liquefied natural gas, which accounted for 71.3% of the total, an increase of 75%; and all other goods were imported into and out of bonded inspection sites. In terms of imports, imports were 502,000 tons, an increase of 48.8%.

Qatar, the United Arab Emirates and Yemen imported 175,500 tons of liquefied gas, 257,000 tons and 201,000 tons of liquefied gas, respectively, an increase of 80.1%, 1.7 times and 85.8%, respectively, which together accounted for the total imports of liquefied gas at Ningbo Port during the same period. 69.4%. With the increasing public attention on air quality caused by smog, the clean energy such as liquefied petroleum gas (LPG) has been greatly promoted, and the lack of domestic supply has further spurred the increase of imported liquefied gas; recently due to international crude oil (81.90,- 0.30, -0.36%) The price has risen to a certain extent, prompting the import price of LPG to rise.