Liquefied natural gas (LNG) and liquefied petroleum gas (LPG) storage tanks are seen at the Thi Vai terminal in Ho Chi Minh City, Vietnam. Photo: T.Tr.
The supplier declared force majeure following the collapse of a loading jetty at the Juaymah NGL facility operated by Saudi Aramco in Saudi Arabia on February 23, disrupting contracted propane and butane cargoes, PVGas Trading said.
The disruption has halted all LPG shipments scheduled to arrive at PVGas’s Thi Vai and Diem Dien refrigerated storage terminals from March 10, the notice said.
The company also cited armed conflict in the Middle East affecting the transit of LPG carriers through the Strait of Hormuz and said some NGL and LPG production facilities operated by suppliers had been attacked and damaged.
The Strait of Hormuz is a key shipping route for oil and gas exports from the Middle East, which has seen escalating military exchanges between the United States, Israel, and Iran in recent days.
PVGas Trading said suppliers had not confirmed delivery plans for very large gas carriers (VLGC) carrying Middle Eastern LPG cargoes committed from the second half of March through the end of April.
As a result, the company said it would scale back import deliveries through March 10 and was currently unable to arrange imported cargoes for customers beyond that date.
PVGas Trading said it was working with partners to secure alternative supplies and urged customers to adjust consumption plans or seek other sources while it continues to provide updates.
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