Commodities
Iran Defies US Sanctions With Surging Exports of Liquefied Petroleum Gas
- Islamic Republic becomes top LPG seller in region, FGE says
- Rising shipments come despite US targeting energy income
The Isfahan Refinery in Isfahan, Iran.
Photographer: Fatemeh Bahrami/Anadolu/Getty ImagesThis article is for subscribers only.
Iran is defying US sanctions with surging exports of liquefied petroleum gas, the latest sign that American pressure is failing to dent the Islamic Republic’s energy sales as its role in funding regional militias comes under scrutiny.
Iran last year became the biggest Middle Eastern supplier of the fuel — which is used for heating, cooking and as a feedstock for chemical plants — with exports surging 28% to over 11 million tons, according to an analysis of ship tracking data and market intelligence by consultancy Facts Global Energy. The firm expects exports to continue climbing beyond 12 million tons this year.