Aramco has reportedly halted liquefied petroleum gas shipments next month over damage to a key facility
Saudi Arabia’s petroleum and natural gas giant Aramco is suspending liquefied petroleum gas (LPG) through May due to damage at its main export facility, Bloomberg has reported, citing people familiar with the matter.
The company’s key LPG export hub, the Juaymah terminal located in the Persian Gulf, suffered structural damage in February, shortly before the US-Israeli attack on Iran. At the time, the company said a support structure collapsed at the site, cutting off fuel supply and prompting a halt in overseas shipments. The facility accounts for about 3.5% of total global waterborne LPG exports, according to market analysts.
The conflict in the region left the company unable to fix the damage, and the facility remains shut. Earlier this month, the Saudi Energy Ministry said that the site also suffered fires during Iran’s retaliatory strikes on its US-aligned neighbors. The ministry did not disclose the extent of damage inflicted by the attacks.
On Tuesday, Bloomberg reported that Aramco notified its customers that the deliveries will remain suspended through May.
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