7th LPG Trade Summit 2012 in Istanbul Achieves Unwavering Success

In the words of Mrs. Rüya Bayegan, “With its population of 75 million, Turkey constitutes a very important market in the region. It is also at an extremely important position with its strategic location and growing economy.”
7th LPG Trade Summit
7th LPG Trade Summit
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Nov. 22, 2012 - PRLog -- Above sentiment is what brought world-renowned representatives to the 7th LPG Trade Summit hosted by CMT last week on 12-13 November in Istanbul to evaluate international market dynamics, present, and future status of global LPG market.

Mrs. Bayegan opened the conference, detailing her company’s status in the industry and that of Turkey. She said, “Bayegan has been in the oil and petrochemical sector since the year 1940. With its 23 offices worldwide, Bayegan is the only international company of Turkey dealing with oil and petrochemicals and derivatives.”

Another contributor at the conference was Mr. Cemalettin Tuney, Head of LPG, Energy Market Regulatory Authority (EMRA), Turkey, who explained in detail the status of Turkey in the energy field and the facilities they provide. The Trade Director of Bayegan, Mr. Emin Imanov, then highlighted the dependence on the petrochemical sector in Turkey, in particular the “use [of] LPG gas as raw material and where these goods are supplied from.” This is crucial as petrochemical producers in Europe are expected to import Ethane gas from USA starting 2015 to remain competitive.

Besides above authorities from Bayegan and EMRA, other industry expert speakers at the 7th LPG Trade Summit were:

Mr. Michael Panas – POTEN & PARTNERS Consultant
Mr. El-Amine Chentouf – SONATRAC LPG Exports Director
Mr. Reidar A Sundvor – VIAMAR AS Partner
Mr. Craig Powers – OTEKO Commercial Director
Mr. Scott Gray WATERBORNE Editor
Ms. Karen Tang – OPIS Europe Editor
Mr. Vincent Zhao – ORIENTAL ENERGY General Manager
Mr. Tsuyoshi Yoshikawa – ASTOMOS General Manager
Mr. Tommy Son – SK GAS LPG Trader
Mr. Roy Johnson – TARGA Vice President
Mr. Colin Shelley – FACTS Senior Consultant
Mr. Christian Krohn-Hansen – STEALTHGAS Chartering Manager
Mr. Deacon Shorr – LIBRA President
Mr. Anders Lalim – LORENTZEN & STEMOCO Ship Broker
Mr. Ignacio Hidalgo – GUNVOR LPG Trading Manager
Mr. Chikara Matsuda – ASTOMOS General Manger for London
Mr. Alhaji Auwalu Ilu – ULTIMATE GAS CEO/Chairman

Just as it had been for the last six years, there was definitely enthusiasm and optimism among the delegates, speakers and exhibitors, who concurred that the quality of the discussions and the networking opportunities were, once again, the most valuable reward gathered from the 1.5 day event – all made possible thanks to the excellent speaker panel and Platinum Sponsor, Bayegan, who hosted an exclusive gala dinner at the historical Galata Tower for all attendees.

Encouraged by the continued success, CMT is now putting together the 8th LPG Trade Summit to be held on 12-14 November 2013 at Doha to once again reunite leaders of the industry and present insightful market trends and opportunities updates.
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Tags:LPG export, LPG market dynamics, Liquefied Petroleum Gas, LPG Trade Summit, LPG trade flow
Industry:Business, Energy
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