European refineries, power, heating plants eyeing distillates, heavy fuels as alternative to gas: traders

Demand for alternatives to natural gas that largely centered around LPG is beginning to fan out to middle distillates and heavy fuels amid complications with the storage and transportation of LPG, according to traders. Many refineries have been driving use of LPG as a substitute to natural gas, amid elevated gas prices, which are four times where they were a…