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KPC announces LNG prices for August   

Kuwait News Agency - 03 August, 2012

Kuwait Petroleum Corporation (KPC) announced on Thursday prices of the Liquefied Natural Gas (LNG), propane and butane, for August.

KPC said in a statement propane would be sold for USD 775 per metric ton in the current month, a rise of USD 200 compared to July's USD 575 per metric ton.

Butane will be also sold for USD 775 per metric ton during August, an increase of USD 155 compared to USD 620 per metric ton last month.

The prices of propane and butane are affected by international oil prices and rates of the major currencies, namely the US dollar.

Rates of the gas are also influenced with political and security upheavals throughout the world, namely events in the Middle East, amid fears over possible shortages of crude supplies from the region to the world markets.

Propane and butane are used for cooking, heating, and production of petrochemical substances.
 
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