Sibur admits return to European LPG market, infrastructure maintained
The company has redirected its LPG supplies from Europe to Asia and East Mediterranean
MOSCOW, March 14. /TASS/. Sibur does not rule out the return to the European market of liquefied petroleum gas (LPG) in the future, Member of the Management Board, Executive Director Oleg Makarov said in an interview with TASS, adding that the company maintains the infrastructure for shipments in this direction so far.
"We are ready to work in this direction, with infrastructure for this direction fully maintained. That is why we will surely return to the market if the situation becomes more favorable," he said.
Sibur has redirected its LPG supplies from Europe to Asia and East Mediterranean. Petrochemical companies from markets traditional for Sibur, including Central, Eastern and Northwest Europe, imposed sanctions last year, fully abandoning purchases of Russian products, Makarov explained.
Sibur is the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry. The company sells its petrochemical products on the Russian and international markets in two business segments: Olefins & Polyolefins (polypropylene, polyethylene, BOPP films, etc.) and Plastics, Elastomers & Intermediates (synthetic rubbers, EPS, PET, etc.).