Bloomberg: Canadian Oil Sand Projects May Increase Demand For Condensate

“Anil Nag a consultant at U.K. based Poten & Partners, Inc. commented on the demand for Condensate at the 11th Condensate & Naphtha Forum in Phuket, Thailand. “Using condensate, a type of light oil produced in association with natural gas, to thin the crude extracted from Canadian sands enables it to be transported through pipelines”. This may boost condensate demand as much as 200,000 barrels a day, and widen condensate’s price premium to crude in the next five years.”