Petrosun has supplied more than 362 thousand tons of liquefied petroleum gas
During 11 months of 2023, Petrosun has supplied to the domestic market 362,744 tons of liquefied petroleum gas (LPG), which is by 2.33% more than for the same period of 2022. The increase in supply was caused by a growth of LPG production at the three refineries of Kazakhstan.
It should be noted that the mentioned volume of 362,744 tons amounts to 27% of the total LPG volume allocated by the Plans, approved by the Commission for the formation of LPG Supply Plan outside commodity exchanges to the domestic market of the Republic of Kazakhstan, for 11 months of 2023 to gas supply organizations.
Due to a significant share of Petrosun refining at Shymkent refinery, the company makes main LPG deliveries to Turkestan region, Shymkent, Zhambyl region, Almaty, and Almaty region, covering over the past three months a 49 to 100% demand of these regions according to the LPG Supply Plan of the Ministry of Energy of the Republic of Kazakhstan, to the mentioned regions respectively.
One of the priority tasks in Petrosun’s activity is to support and implement state programs, and to maintain the stability of the oil products domestic market.
The entire volume of LPG produced for Petrosun in 2022 and for 11 months of 2023 was supplied to the domestic market. The total volume was approximately 748,036 tons.
As a reminder, the company sells LPG at the limit wholesale price approved annually by the Ministry of Energy of the Republic of Kazakhstan (per ton, including VAT):
· from July 2022 - KZT37,632,
· from July 2023 - KZT45,158.
The current deficit in the domestic market is, among other things, due to the disparity of LPG prices with the prices for gasoline and diesel fuel. In the first case, the number of cars converted to gas has significantly increased in the country. In the second case, farmers for drying cereals, oilseeds and other agricultural products began to actively switch to gas, which is more affordable than cheaper diesel fuel supplied under the state program for the period of autumn campaign on drying cereals and oilseeds.
Thus, the growth rates of LPG consumption significantly exceed the rate of its supply by producers. According to the RoK Ministry of Energy, from the beginning of 2023, LPG consumption in Kazakhstan has increased by more than 25%.
Petrosun LLP, incorporated in January 2012, is a subsidiary of JSC NC "KazMunayGas" and CNPC International in Kazakhstan LLP.