As one of India’s leading oil, gas, and chemical logistics companies, the client operates a network of bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services to millions of commercial and retail customers. As the company expanded its network of retail LPG stations across the country, it was importing more than 70,000 metric tonnes of LPG per year via its port in West India.
To help manage its pricing and inventory risk more effectively, the company subscribed to Platts LP Gaswire, which provides a daily price assessment of the Asia, Northwest Europe and US LPG/NGLs markets; as well as in-depth, unbiased market commentary on production and inventory numbers for global propane and butane prices.
A key determinant in the company’s decision to go with Platts was its trust in Platts’ robust methodology in LPG pricing information and analysis, which suited the company’s highly specific requirements. The information from Platts LP Gaswire helped the company’s operations and finance departments to make better purchasing decisions and to validate inventory on its books in a more compliant manner.
If you would like to find out more, please contact: Elisha Low, Marketing Manager, Asia Elisha.Low@spglobal.com
