KPC Declares LNG Prices for October

Kuwait city: Kuwait Petroleum Corporation (KPC) declared on Tuesday new prices of liquefied natural gas (LNG), propane, and butane, for October.

According to Kuwait News Agency, the corporation stated that a metric ton of propane would be sold for USD 495 in October, while a metric ton of butane would be priced at USD 475. Both propane and butane serve purposes in the petrochemical industry, cooking, heating, and other applications.

LNG prices are influenced by global oil prices, market supply and demand, among other factors.