PGS has various meanings in the Business & Finance category. Discover the full forms, definitions, and usage contexts of PGS in Business & Finance.
A paraffin hydrocarbon (C3H8) that is a gas at ordinary atmospheric conditions but easily liquefied under pressure. Propane is a member of the LPG and paraffin families, consisting of three saturated carbon atoms in a straight chain. The term liquified petroleum gas refers to its main production route as a liquified stream produced by the repressurisation of gas that separated from crude oil on extraction from underground. Propane is highly valued as a heating fuel, particularly in developing economies, and hence has a highly seasonal demand and pricing profile.
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