Condensate trade will reshape crude, gas markets East of Suez

Al Troner Asia Pacific Energy Consulting Houston Segregated condensate volumes produced east of the Suez Canal ("East of Suez") will only continue to grow in the near term, particularly among Mideast gulf countries and will reshape crude, oil product, and gas markets throughout the East of Suez region. Yet condensate has impacts even further afield. Its production assists difficult gas development, quickly increases naphtha and gasoline supply, and—because it requires (unlike LPG) no specialized infrastructure—has become a major addition to crude output in East of Suez markets. In gas development, condensate production has become a key consideration in launching new developments...

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