500% rise in Kuwait's LPG exports to China

CHINA EXPORTS: of LPG from Kuwait has increased by nearly 500 percent in July compared to same time last year. (Getty Images)

Kuwait's liquefied petroleum gas (LPG) exports to China jumped nearly 500 percent in July compared to the same period last year.

More than 134,300 tons were supplied, overtaking the UAE as the top LPG supplier, customs data showed on Sunday.

Kuwait supplied 52.2 percent of China's total LPG imports in the reporting month, according to the Chinese General Administration of Customs.

The UAE accounted for 16.8 percent with 43,100 tons, while Iran became third with 25,000 tons.

China's overall imports of LPG in July rose 19.5 percent year-on-year to 257,200 tons.

China is the world's third-largest LPG consumer after the US and Japan.

Kuwait's January-July shipments to the nation hit 359,500 tons, also ranked first and captured 23.0 percent of China's total LPG imports.

The UAE, Saudi Arabia, Iran and Qatar were also leading exporters to China, which bought 1.51 million tons in the first seven months of 2008, down 37.8 percent from the same period of last year.

Reflecting its steady growth in Asia's largest energy market, Kuwaiti crude oil shipments to China in July also rose to around 128,000 barrels a day (bpd), increased seven-fold from 2004.

Kuwait Petroleum Corporation (KPC), which established a representative office in Beijing in 2005, has set a China-bound export target of 500,000 bpd by 2015.

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