SOURCE: Industrial Info Resources

Industrial Info Resources

July 20, 2012 06:30 ET

Weak Domestic Market and Shaky Export Market Darken Outlook for U.S. Natural Gas Liquids Business, an Industrial Info News Alert

DENVER, CO--(Marketwire - Jul 20, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The specter of China, India and Europe hung over a conference here this week on U.S. natural gas liquids. One speaker, Peter Fasullo, principal of En*Vantage, Incorporated, said, "We really need China's economy to be growing at 9.5%." But he acknowledged the fading prospects for that: China's economy, the world's second-largest behind the U.S., is slowing, though the rate of deceleration remains under debate. Another speaker told conference attendees that about 50% of global waterborne liquid petroleum gases shipments go to China, Japan and India -- all economies that are either in the doldrums (Japan) or are slowing from their recent breakneck pace (China and India).

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