Gas output, light-oil needs reshaping condensate trade

Rising production of natural gas and the growing need for light products are reshaping the market for condensate, especially in the East of Suez region encompassing the Middle East and Asia.Once considered a niche product, condensate over the past decade has moved into the mainstream of gas development and trade in crude oil and petroleum products, says a new study focusing on the East of Suez region by Asia Pacific Energy Consulting (APEC), Houston.Markets are discovering the material's flexibility of use, low levels of sulfur and other contaminants, and intrinsically high yield of light products, the study says.Other key findings, from the study's executive summary, follow.Supply trends...

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