After a strong growth of 15 years, China LPG import was crippled by the high cost in 2006 with a steep downturn of over 10%, first substantial setback in its history. Sustaining domestic production reclaimed shares from import as refinery capacity has been expanding. The LNG import project launched in Guangdong squeezed LPG¡¯s territory in the region¡¯s major cities, and China natural gas industry is growing faster. How China¡¯s LPG industry fit into those changes with import, production, and alternatives?

Are dynamics of export from Middle East, new emerging markets in Asia opportunities or challenges for China? Will added values from LPG as chemical feedstock, potential consumption in densely populated inland markets like Southwest be new growth points?