New LNG prices

Kuwait Times - - LOCAL -

Kuwait Petroleum Cor­po­ra­tion (KPC) an­nounced yes­ter­day new prices for liq­ue­fied gas (propane and bu­tane) for Au­gust. Propane will be sold for $420 per met­ric ton this month, up $75 com­pared to last July where it was sold at $345, KPC said in a state­ment. Mean­while, bu­tane will be sold at $460 per met­ric ton, up $95 com­pared to July where it was recorded at $365, it added. Propane and bu­tane are used in petro­chem­i­cal in­dus­tries and they are also used for heat­ing and as cook­ing fuel. The price of these gases is af­fected by oil prices and the per­for­mance of the US dol­lar against other main cur­ren­cies. It is also af­fected by geopo­lit­i­cal fac­tors, natural dis­as­ters and eco­nomic crises.

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