Study: New sources may alter Asian condensate trading

01/09/2012
A study of trends in Asian condensate trade released late last year by FACTS Global Energy, Honolulu, found that in 2010, total production of segregated field condensate reached about 2.5 million b/d, but only about 35% traded on the international market. Condensate prices in Asia are usually linked to a marker crude oil and tend to vary in relation to that crude on the basis of the naphtha crack spread. That supply pattern, said the study, is unlikely to change much near term as new condensate splitters will absorb increases in new supplies from Qatar and Iran. The most interesting recent development, according to FGE, has been the emergence of Russian condensate on the Asian market. Ano...
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