Liquefied petroleum gas (LPG) futures trade on the Dalian Commodity Exchange (DCE) and are denominated in RMB.
Country
Sector
Themes
Also in
Price· split & dividend adjusted
No price history for this asset yet.
News & notes movingLPG.COMM
VietnamUnited States
Energy Transition & Power Demand▲
Chevron Signs Vietnam Energy Supply Agreement With PVN
Chevron signed an agreement with Vietnam's PVN for potential crude oil, LNG, and LPG supply to Vietnam. The accord opens the door to cooperation on refining, import infrastructure, storage projects, and emission reduction initiatives in the country. The PVN partnership focuses on long term energy supply options, rather than a fixed volume or start date at this stage. Chevron operates as an integrated energy and chemicals group, and the supply and infrastructure accord with Vietnam aligns with its mix of upstream production, trading activity, and downstream refining interests across global oil and gas markets. The next concrete tell will be the first detailed project terms Chevron discloses with PVN, including any contracted LNG or LPG volumes and associated capital commitments.
Energy Transition & Power Demand › Natural Gas Value Chain Demand
CVX · Demand · Positive Chevron signed an agreement with Vietnam's PVN for potential crude oil, LNG, and LPG supply, opening long-term energy supply and infrastructure cooperation.
PetroVietnam · Demand · Positive PVN signed the supply agreement with Chevron for potential crude oil, LNG, and LPG, plus refining and infrastructure cooperation.
LPG · Demand · Positive The Chevron-PVN agreement covers potential LPG supply to Vietnam, supporting future LPG demand.
NATGAS · Demand · Positive The Chevron-PVN accord includes potential LNG supply to Vietnam, supporting future natural gas demand.
Cabinet Approves 2026-2029 Oil and LPG Crisis Response Plan
The Cabinet meeting approved the Fuel Crisis Response Plan for 2026-2029 and the Fuel Fund Strategic Plan for 2026-2029, as proposed by the Ministry of Energy through the Office of the Fuel Fund, to serve as a framework for managing and stabilizing domestic fuel prices. Mr. Pornchai Jirakulpaisan, Director of the Policy and Planning Bureau at the Office of the Fuel Fund, disclosed that the new plan sets conditions for drawing on the fund to subsidize and compensate prices under three scenarios. Scenario 1 is when diesel and gasoline prices exceed 30 baht per liter and the retail price of LPG exceeds 423 baht per 15-kilogram cylinder, up from 363 baht per cylinder. Scenario 2 is when finished oil prices fluctuate by more than 10 US dollars per barrel within one week, up from 5 US dollars per barrel, and retail prices adjust by more than 2 baht per liter within one week, up from 1 baht per liter. For LPG, the criteria are world market prices changing by more than 35 US dollars per ton within one month and total retail price changes exceeding 1 baht per kilogram within one month, down from two weeks. Scenario 3 is when fuel may become scarce enough to affect the economy and people's quality of life. The plan also adds consideration of using fuel blended with biofuels from domestic agricultural output to reduce dependence on imported crude oil. It clearly separates the fund's accounts into an oil group and an LPG group to avoid cross-group subsidies, and sets a framework focused mainly on compensating diesel and LPG prices if the crisis is prolonged, as well as accumulating money into the fund when world prices fall in order to prepare liquidity.
LPG · · Neutral LPG subsidy thresholds and account separation are set for Thailand's Fuel Fund, but no change to global LPG supply or demand is stated.
BRENT · · Neutral Plan references imported crude dependence and biofuel blending but gives no concrete change to Brent supply or demand.
WTI · · Neutral Thailand's fuel crisis response plan is a domestic subsidy framework; no direct supply/demand driver for WTI stated.
ATLAS Expects Strong Q3 2026 Sales on Rising Gas Demand, Expands Gas Shop Network to 130-150 Branches
Atlas Energy Public Company Limited, or ATLAS, expects its third-quarter 2026 operating results to improve, driven by growing liquefied petroleum gas, or LPG, consumption across all segments, including household, industrial, and automotive, as well as the start of revenue recognition from three additional LPG filling plants. Suwatchai Pitakwongaporn, Chief Executive Officer and Managing Director, said the company aims to increase its share of the household LPG market from 4.8% as of the second quarter of 2026, alongside a plan to expand its Gas Shop network by another 130-150 branches within 2026, after adding 72 branches in the second quarter of 2026, the first half of this year, bringing the total to 525 branches at present. The household LPG market the company is targeting has a market size of more than 2 million tons per year, while ATLAS also remains the market leader in automotive LPG and is the only operator producing the Alumax LPG cylinder, a seamless-formed aluminium cylinder that is lightweight and highly durable. In 2026, the company is confident that sales will grow at a double-digit rate and that gas sales volume will exceed 450,000 tons, in line with its target.
ATLAS.BK · Demand · Positive ATLAS expects strong Q3 2026 sales on rising LPG consumption across household, industrial, and automotive segments, plus revenue from three new filling plants.
LPG · Demand · Positive Growing LPG consumption across all segments and ATLAS's expansion of its Gas Shop network signal rising demand for LPG.
Japan's Cabinet Approves 616 Billion Yen Emergency Budget to Cap Fuel Prices
Japan's Cabinet approved on Tuesday (Sept. 1) the use of 616 billion yen ($3.9 billion) from the current fiscal year's emergency reserve funds to implement measures such as capping gasoline prices amid heightened tensions in the Middle East. Of this amount, 613.6 billion yen will be allocated for continued subsidies to keep retail gasoline prices at around 170 yen per liter. The original allocation of about 1.2 trillion yen had been about 80% used by the end of July, leaving only 210 billion yen. The government will also allocate 2.4 billion yen to subsidize taxi operators using LPG. Prime Minister Sanae Takaichi has instructed Minister Ryosei Akazawa to allocate funds from the fiscal 2026 reserve of 2.5 trillion yen to address the U.S.-Iran war, as the closure of the Strait of Hormuz has pressured energy supplies and pushed global crude prices higher.
SK Gas Pays Record $5.3 Million for Panama Canal Slot
South Korea's SK Gas Ltd. has agreed to pay a record $5.3 million in an auction to secure passage for its LPG carrier, the G. Spirit, through the Panama Canal on September 1, amid surging demand for the route following the Iran war's impact on global trade. The price breaks the previous record of $4.6 million, set just in early August, also by a South Korean operator. According to Argus Media, ships without a reservation may face waits of up to 17 days. Meanwhile, the Panama Canal Authority plans to restrict the number of vessels and cargo volumes starting in September due to drought risks from El Niño. Before February, the average auction price was just $55,000, but it has now surged nearly 100-fold, reflecting significantly increased demand.
ATLAS confident of double-digit sales growth in 2026, presses ahead with LPG expansion
Atlas Energy Public Company Limited, or ATLAS, has announced a double-digit sales growth target for 2026 by pressing ahead with expansion across every dimension of its integrated liquefied petroleum gas, or LPG, business. Chief Executive Officer Suwatchai Phithakwongsaphon said that in the second half of the year the company will expand its customer base, add distribution channels, and develop products and services under the JUMP+ programme to create added value and strengthen long-term growth. In the first half of 2026, the company reported six-month total revenue of 6.2544 billion baht, up 5 percent from the same period a year earlier. For the first six months of 2026, total revenue came to 6.0519 billion baht, an increase of 307.5 million baht, or 5.4 percent, with net profit of 132.4 million baht. Gross profit margin stood at 14.6 percent, up from 14.4 percent in the same period last year. The company is targeting total revenue growth of 25 to 35 percent in 2028, reaching 14.9585 billion to 16.1552 billion baht, from total revenue of 11.9668 billion baht in 2025. In the first half of the year it opened three new service stations and expanded its cooking gas retail network by 525 outlets, and expects gas sales volume this year to exceed 450,000 tonnes.
Energy Ministry raises LPG subsidy to 9.86 baht per kilogram, caps 15-kilogram cylinder at 423 baht
The Energy Ministry has increased the subsidy for liquefied petroleum gas, or LPG, from 7.2209 baht per kilogram to 9.8642 baht per kilogram, in order to cap the domestic retail price at 423 baht per 15-kilogram cylinder. Mr. Weerapat Kiatfuengfoo, Deputy Permanent Secretary of the Energy Ministry and ministry spokesperson, announced on August 7, 2026, that this measure aims to prevent energy costs from being passed on to the prices of food, goods, and services essential to people's livelihoods, amid global energy price volatility stemming from uncertainty over the situation between the United States and Iran, particularly concerning the Strait of Hormuz. However, the continued use of the Oil Fuel Fund mechanism has resulted in the fund's net position as of August 7, 2026, being negative 71.83 billion baht, an increase of approximately 2.04 billion baht from the previous week.
Vietnam
United States
