Investor Presentaiton
Indian LPG Demand Continues to Accelerate
Continued Subsidies and Lockdowns Support Growing LPG Consumption
CAGR: 15.8%
11.9
12.2
16.0
14.0
12.0
10.0
10.2
8.9
8.1
5 8.0
6.0
6.0
4.0
2.0
2013
2014
2015
2016
2017
14.5
Y/Y:
14.4%
10.3
9.0
2018
2019
2019 YTD
2020 YTD
Government Policies and Infrastructure Development to continue Boosting Consumer Adoption
•
India achieved 80mm free LPG connections six months ahead of its March 2020 deadline
•
Consumer LPG subsidies were extended in March in response to COVID-19 shutdowns
.
Reduced refinery utilization from COVID-19 has decreased LPG yields and increased import demand
•
August YTD imports increased by 14.4% to 10.3 MTPA from 9.0 MTPA for the same period last year, fueled by increased
domestic cooking demand
•
The nation is largely expected to become the worlds largest res/com LPG user by 2030
Source: Bloomberg
Note: YTD values shown through August 31, 2020
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