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Weak Domestic Market and Shaky Export Market Darken Outlook for U.S. Natural Gas Liquids Business, an Industrial Info News Alert

DENVER, CO — (Marketwire) — 07/20/12 — Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — The specter of China, India and Europe hung over a conference here this week on U.S. . One speaker, Peter Fasullo, principal of En*Vantage, Incorporated, said, “We really need China–s economy to be growing at 9.5%.” But he acknowledged the fading prospects for that: China–s economy, the world–s second-largest behind the U.S., is slowing, though the rate of deceleration remains under debate. Another speaker told conference attendees that about 50% of global waterborne liquid petroleum gases shipments go to China, Japan and India — all economies that are either in the doldrums (Japan) or are slowing from their recent breakneck pace (China and India).

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