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Log inCONDENSATE EAST OF SUEZ: NGL and its Naphtha Impacts in Asia
CONDENSATE EAST OF SUEZ: NGL and its Naphtha Impacts in Asia
Rupali on Tue Oct 30, 2007 4:10 am
This is the “definitive” report on condensate in the fastest growing, critical regions of the world, Asia Pacific and the Mideast Gulf.
The study provides a complete guide to optimizing value in future condensate production, utilization, and trade.
A comprehensive study detailing the fundamentals and drivers in the Middle East Gulf and Asia-Pacific regions.
Some key issues in considering Condensate :
Condensate, one of the two groups defined as Natural Gas Liquids (NGLs), is finally coming of age in world trade, marketing, refining and petrochemicals. Condensate sales are moving from a niche marketing specialty to a mainstream segment of crude and products trade, and nowhere is this more evident than in the Mideast Gulf and Asia Pacific.
The protean nature of condensate allows it to be used in a wide range of sectors: as a refinery slate component; in specialized distillation towers called condensate splitters; in direct feed to ethylene crackers; in gasoline blending and as a substitute for gas in turbine power generation. It can be defined as a base material, a blending component, a feedstock or a boiler feed. Its very flexibility – and the many names and definitions that are common for condensate in the oil industry – have led to some confusion among potential buyers and in a sense that has undervalued this equivalent of light, sweet crude. We believe that condensate will come into its own as a valuable refining and petrochemical feedstock in coming years.
Asia Pacific will be the epicenter for world petrochemical demand growth over the next decade; expanded gas and NGL output in the Mideast Gulf will underpin a ballooning of condensate and condensate-derived naphtha production in that subregion. Asian olefins manufacturers depend on paraffinic naphtha for the vast majority of their feedstock supply. Rising condensate output will have a direct impact on feedstock avails. This will also increase the use of segregated condensate in direct petrochemical feed and expand condensate splitting in both in Asia Pacific and the Mideast Gulf
OTHER KEY DEVELOPMENTS
PRODUCTION
The structural shift to accelerated development of gas reserves has become ever more apparent in recent years, as East of Suez countries seek to transform gas reserves into new base energy supply. New projects mean a sharp and sustained increase in total gas production and in particular marketed gas output, yet increased gas volumes will underpin a continued rise in Natural Gas Liquids (NGL) output. This impacts condensate in particular, which, unlike its Liquefied Petroleum Gas (LPG) counterparts propane and butane, does not require specialized storage and transportation infrastructure for commercial sales.
MARKETING AND TRADE
Condensate trade and marketing was given a substantial boost by the overall strength of base petrochemicals since mid-2006. As naphtha always makes up a majority of the yield derived from condensate, this sector’s strength underpinned a substantial rise in condensate interest – and prices. Refiners too have begun to review condensate purchases as a means to balancing the higher volume of heavy, sour grades that have been available on crude markets.
PETROCHEMICALS
This study details all base petrochemical capacity, olefins and aromatics capacity in the Mideast Gulf and Asia Pacific, current and forecast. The substantial that petrochemicals have on condensate is underlined by the parallel full listing of condensate splitters and petrochemical pre-treatment units for the region.
PRICING
A proliferation of traded grades has helped to broaden the number and range of pricing systems used to market condensate. Traditionally refiners, as buyers, preferred crude linkage, in order to determine condensate price, while petrochemical buyers, above all interested in feedstock values, preferred naphtha-linked pricing. Yet both condensate sellers and buyers have broadened their options and crude-linked and product-linked sales formulas have multiplied.
Flexibility in pricing systems has become a trend among many condensate exporters, with sales adjusted according to sector and geographic region.
There are many who believe that a global condensate market is emerging, which, though small in volume compared to world crude or products trade, should expand rapidly through end-decade.
Related Reports:
http://www.bharatbook.com/detail.asp?id=40355
http://www.bharatbook.com/detail.asp?id=40196
http://www.bharatbook.com/detail.asp?id=40249
http://www.bharatbook.com/detail.asp?id=13018
http://www.bharatbook.com/detail.asp?id=50776
http://www.bharatbook.com/detail.asp?id=8743
For more information, please visit:
http://www.bharatbook.com/detail.asp?id=57112
The study provides a complete guide to optimizing value in future condensate production, utilization, and trade.
A comprehensive study detailing the fundamentals and drivers in the Middle East Gulf and Asia-Pacific regions.
Some key issues in considering Condensate :
Condensate, one of the two groups defined as Natural Gas Liquids (NGLs), is finally coming of age in world trade, marketing, refining and petrochemicals. Condensate sales are moving from a niche marketing specialty to a mainstream segment of crude and products trade, and nowhere is this more evident than in the Mideast Gulf and Asia Pacific.
The protean nature of condensate allows it to be used in a wide range of sectors: as a refinery slate component; in specialized distillation towers called condensate splitters; in direct feed to ethylene crackers; in gasoline blending and as a substitute for gas in turbine power generation. It can be defined as a base material, a blending component, a feedstock or a boiler feed. Its very flexibility – and the many names and definitions that are common for condensate in the oil industry – have led to some confusion among potential buyers and in a sense that has undervalued this equivalent of light, sweet crude. We believe that condensate will come into its own as a valuable refining and petrochemical feedstock in coming years.
Asia Pacific will be the epicenter for world petrochemical demand growth over the next decade; expanded gas and NGL output in the Mideast Gulf will underpin a ballooning of condensate and condensate-derived naphtha production in that subregion. Asian olefins manufacturers depend on paraffinic naphtha for the vast majority of their feedstock supply. Rising condensate output will have a direct impact on feedstock avails. This will also increase the use of segregated condensate in direct petrochemical feed and expand condensate splitting in both in Asia Pacific and the Mideast Gulf
OTHER KEY DEVELOPMENTS
PRODUCTION
The structural shift to accelerated development of gas reserves has become ever more apparent in recent years, as East of Suez countries seek to transform gas reserves into new base energy supply. New projects mean a sharp and sustained increase in total gas production and in particular marketed gas output, yet increased gas volumes will underpin a continued rise in Natural Gas Liquids (NGL) output. This impacts condensate in particular, which, unlike its Liquefied Petroleum Gas (LPG) counterparts propane and butane, does not require specialized storage and transportation infrastructure for commercial sales.
MARKETING AND TRADE
Condensate trade and marketing was given a substantial boost by the overall strength of base petrochemicals since mid-2006. As naphtha always makes up a majority of the yield derived from condensate, this sector’s strength underpinned a substantial rise in condensate interest – and prices. Refiners too have begun to review condensate purchases as a means to balancing the higher volume of heavy, sour grades that have been available on crude markets.
PETROCHEMICALS
This study details all base petrochemical capacity, olefins and aromatics capacity in the Mideast Gulf and Asia Pacific, current and forecast. The substantial that petrochemicals have on condensate is underlined by the parallel full listing of condensate splitters and petrochemical pre-treatment units for the region.
PRICING
A proliferation of traded grades has helped to broaden the number and range of pricing systems used to market condensate. Traditionally refiners, as buyers, preferred crude linkage, in order to determine condensate price, while petrochemical buyers, above all interested in feedstock values, preferred naphtha-linked pricing. Yet both condensate sellers and buyers have broadened their options and crude-linked and product-linked sales formulas have multiplied.
Flexibility in pricing systems has become a trend among many condensate exporters, with sales adjusted according to sector and geographic region.
There are many who believe that a global condensate market is emerging, which, though small in volume compared to world crude or products trade, should expand rapidly through end-decade.
Related Reports:
http://www.bharatbook.com/detail.asp?id=40355
http://www.bharatbook.com/detail.asp?id=40196
http://www.bharatbook.com/detail.asp?id=40249
http://www.bharatbook.com/detail.asp?id=13018
http://www.bharatbook.com/detail.asp?id=50776
http://www.bharatbook.com/detail.asp?id=8743
For more information, please visit:
http://www.bharatbook.com/detail.asp?id=57112
Rupali- Posts: 6
Join date: 2007-10-27 
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