VOL. XXXVII

NO. 41

11-JULY-1994

Saudi Arabia

Saudi Arabia Unveils Long-Awaited New Term LPG Pricing Formula

Saudi Aramco has unveiled details of its long-awaited LPG export pricingformula proposal following meetings with Japanese and Korean term buyers inTokyo and Seoul last week. While the Saudis will need to secure agreement fromall of the two dozen or so buyers which lift over 12mn tons per year of propaneand butane under two and five-year term arrangements before any pricing changecan be...