World LPG leader David Tyler visits Sri Lanka to shape industry’s future

Thursday, 20 March 2025 04:45 - - {{hitsCtrl.values.hits}}

LAUGFS Gas recently hosted David Tyler, World LPG Association (WLGA) Director, during his visit to Sri Lanka, where he discussed global LPG industry developments, market insights, and opportunities for local industry growth.

In his keynote address at the LAUGFS Gas headquarters, Tyler highlighted significant global LPG industry trends, noting, “Last year, approximately 360 million metric tons of LPG were produced globally, with North America as the largest producer, followed closely by the Middle East. Over half of this LPG is consumed in the Asia-Pacific region, with annual market growth of around 3%-4%.”

Emphasising LPG’s versatility, Tyler stated, “LPG remains primarily used for domestic cooking, yet it has numerous additional applications including power generation, industrial fuel, and transportation. It’s critical to educate and transition the nearly two billion people globally who still rely on traditional fuels like wood and kerosene, especially here in Sri Lanka, where traditional fuels remain prevalent.”

He highlighted the importance of establishing a unified LPG industry association in Sri Lanka to foster stakeholder collaboration and policy advocacy. “An industry association is essential not only for LPG providers but also for equipment manufacturers, suppliers, and transportation stakeholders. A unified voice is vital for growth and effective industry management,” Tyler noted.

Discussing global LPG pricing trends, he said, “The LPG market prices, based on the Saudi Aramco index, currently range between $ 650-$ 700 per metric ton and are expected to remain relatively stable over the coming years, according to global price analysts. Despite misconceptions, LPG remains cost-effective, efficient, and environmentally friendly compared to traditional fuels.”

Addressing the event, the LAUGFS Holdings Group Chairman commented, “LAUGFS Gas, as the largest infrastructure investor in Sri Lanka’s LPG industry, is fully committed to optimising its assets for national benefit. Our LPG terminal in Hambantota, which holds 30,000 metric tons, presents a significant strategic advantage for Sri Lanka’s LPG sector. LAUGFS Gas will continue its futuristic approach, leveraging innovation and infrastructure to drive industry growth.”

The session concluded on a forward-looking note, emphasising market stability and the significant opportunities available globally, despite fluctuating international trade dynamics.

LAUGFS Gas remains committed to driving industry growth, innovation, and sustainability, aligned with global LPG trends and opportunities.