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Poland to cut imports of Russian LPG by 80%, lobby states

Poland, the largest importer of Russian liquefied petroleum gas (LPG), is set to cut its purchases this year by around 80% due to Western sanctions on Moscow over Ukraine, the Polish LPG association (POGP) stated.

In volume terms, POGP expects imports from Russia to be up to around 20,000 metric heaps monthly this year from 100,000 lots a month typically in 2024, following the implementation of European sanctions on Russian LPG on Dec. 20.

The sanctions excluded some types of LPG, such as butane and isobutane, which are primarily utilized as a feedstock for production of other petrochemicals. Other kinds of LPG are primarily as fuel for cars and heating.

To make up for the shortfall, POGP stated it expects Poland to increase LPG imports by means of its ports and by means of trucks from nations consisting of Germany and the Netherlands.

LSEG ship-tracking data showed Poland had already increased seaborne LPG imports in 2024 by 5% to 1.14 million tons, as it expected the sanctions.

Products from the United States and Britain likewise increased substantially, while seaborne imports from Sweden declined.

(source: Reuters)