THANK YOU, 2022; PROPANE FORECAST, 2023

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We Look Forward to Another Great Year in 2023!

Hey folks, Dayne here, stepping in to take the reins on this month’s blog. 

We wanted to take this opportunity once more to thank you, our valued customers, and extend our deepest appreciation for your loyalty and support in 2022.

We had a great year and we could not have done it without you. Let’s look back on some of the highlights from 2022!

2022 At A Glance:

  • 135 –  number of propane conversions: water heater/stove/dryer
  • 678 – number of new happy customers
  • 24 – number of emergency calls out handled swiftly
  • 212 – number of unsafe installations fixed from rubber hose to copper by Clean Gas

Again, we are beyond grateful for your business as we look forward to providing you with exceptional customer service in this upcoming year. As a Cayman Islands resident, you can count on Clean Gas to provide for both you and your home. 

We know that propane is a versatile energy source that will help save you money on energy bills and reduce harmful emissions. It is our goal to assist you to combat rising electricity costs and minimize environmental impact.

With that said, let’s take a look ahead to propane predictions for 2023.

2023 Propane Forecast

As the global population increases, energy demand will continue to rise. This is particularly true when developing nations continue to industrialize. Propane is an essential component of the global energy mix since it is a versatile fuel that may be utilized for a variety of applications.

The global propane market is anticipated to increase steadily through 2023. Asia and the Middle East will be the primary drivers of this growth, as their propane demand is expected to climb dramatically. China’s propane demand is anticipated to increase by 8% annually between 2018 and 2023. This rapid expansion is a result of the country’s booming petrochemical sector and LPG vehicle fleet.

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Due to a multitude of circumstances, including the coronavirus pandemic, Ukraine-Russian conflict and increased demand from the agriculture sector, propane prices have reached an all-time high. There are indications that prices could remain stable in 2023.

This is primarily due to the fact that COVID-19 is anticipated to lurk in 2023, which would increase demand for propane. In addition, the U.S. Department of Agriculture projects that agricultural propane consumption will grow in 2023 due to increased crop production.

If these trends continue, propane prices may remain stable or rise in 2023. However, it is essential to keep in mind that propane prices are unpredictable and subject to quick fluctuation based on global events.

Through 2023, prices for oil, natural gas, coal, and electricity will stay at historically high levels. This is due to a number of causes, including sustained global economic expansion, increased demand from China and India, and limited oil and gas supply.

If you are contemplating switching to propane for home appliances, now is the time to make the transition. Even though propane costs may increase in the future, they are still quite inexpensive compared to other energy sources. 

On behalf of the Clean gas team, we are excited to continue to exceed your expectations and provide you with superb client care in 2023. 

Warmest regards,

Dayne Brady

Interested in upgrading to propane home appliances? Check out this helpful resource to learn more or reach out to a propane specialist at Clean Gas. Call 223-4427 or drop us a line at gopropane@cleangas.ky

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