The Condensate & Naphtha Forum 2018, organised by Conference Connection Pte Ltd was successfully held from 8 – 9 November 2018 at Shangri-La’s Rasa Sentosa Resort & Spa, Singapore. Known for its open and frank discussions on critical drivers, challenges and future trends relevant for the industry, it provides an annual platform for the exchange of industry dialogue amongst key producers, buyers and sellers of condensate &
naphtha.

The Forum provided an effective platform for a meeting of minds, examining the impact of trends in the US, Iran, Saudi Arabia & Russia on oil prices, challenges of the natural gas liquids industry due to recent Iranian sanctions, and future possibilities given the tightening condensate & naphtha supply and consumption trends, with greater volumes of condensates flowing from West to East and splitters in Asia switching to heavy fullrange naphtha.

CNF 2018 Highlights

Forum Sessions

Sessions saw lively debate and discussions on the latest developments in the industry including the impact of geopolitical dynamics on condensate & naphtha markets, where additional supplies will come from, where demand will come from and how the close relationship between condensate, naphtha and LPG are affected by these dynamics.

 

IMO 2020 Sulpur Cap Regulations

The November 9th session on Shipping Issues & IMO Sulphur Cap Regulations featured a special focus on the impending regulatory reduction of sulphur emissions to 0.5% in 2020, its implications on the shipping and refining industries and in particular, its impact on condensate and naphtha markets. Presented by Geir Mjelde of SKS, Norway, & Thomas Olney of FGE Singapore, the session examined compliance options being considered by the shipping community, as well as the possible impacts on refined products and how refineries will respond based on the level of bunker demand for distillates as compared to HSFO. Light heavy spreads which are expected to widen in 2020, will cause sweet & lighter crudes to attract premiums and a strong distillate complex will incentivise refiners to shift yields away from gasoline. Weak demand for naphtha & gasoline may then weigh on pricing for condensate.

Attendance Profile for Condensate 2018

Condensate 2018 witnessed an attendance of 120 participants from 20 countries, topped by Korea, Thailand, Malaysia, Australia, Singapore, Korea, Malaysia, Qatar & Singapore, with the largest contingents from Singapore and Korea. The Forum attracted NOCs, condensate producers, buyers, sellers, traders, refineries & other downstream companies, chemical/petrochemical & feedstock companies, shippers and consultants. Click here to view pie charts for the CNF 2018 attendance by region, industry and job class.

 

Conference Co-Chairmen

Dr. Fereidun Fesharaki

Chairman
FGE

Dr. Fereidun Fesharaki is the Founder and Chairman of FGE. His work is well-recognized worldwide for pioneering oil and gas market analysis and studies of the Asia Pacific/Middle East energy markets since the early 1980s.

Dr. Fesharaki received his Ph.D. in Economics from the University of Surrey in England and then completed a Visiting Fellowship at Harvard University’s Center for Middle Eastern Studies. He joined the East-West Center in 1979 and led the energy program for some two decades.

In 1989, Dr. Fesharaki was elected a member of the Council on Foreign Relations in New York. Since 1991, a member of the International Advisory Board of JX Holdings (and its predecessor companies) — Japan’s largest oil company. He was the 1993 President of the International Association for Energy
Economics (IAEE).

In 1995, he was elected a Senior Fellow of the US Association for Energy Economics for distinguished services in the field of energy economics. In 2002, appointed a Senior Associate of the Center for Strategic and International Studies in Washington, D.C. In 2008, Dr. Fesharaki was appointed to the National Petroleum Council by then US Secretary of Energy. Dr. Fesharaki has since been reappointed to the National Petroleum Council in April 2016 and June 2018. He received the Outstanding
Contributions to the IAEE Award in 2012. He was a member of the Advisory Board of VOPAK LNG from 2013 to 2015. In 2014, appointed as Honorary Advisor by CNPC Research Institute of Economics and Technologies in Beijing. He is the recipient of the 2016 Adelman-Frankel Award from the US Association for Energy Economics (USAEE) for his unique and innovative contribution to the field of energy economics. In March 2017, Chicago Mercantile Exchange (CME) appointed him as a Director of the Dubai Mercantile Exchange Limited (DME). Since 2009, he has been a member of the DME Board of Directors.

Dr. Jeffrey Brown

President
FGE
Singapore

Dr. Jeff Brown, as President, leads FGE’s oil and gas consulting teams. He is based at our Asian headquarters in Singapore, working closely with FGE consultants in Europe, the Middle East, and North America.

Jeff re-joined FGE from JP Morgan where he was Executive Director, Global Commodities Research/Strategy, working closely with clients globally. He was a regularly featured speaker at JP Morgan events and published widely on energy markets. Aside from his previous management roles with FGE, Jeff also served as Senior Oil Analyst at the International Energy Agency in Paris, where he was co-author of the monthly Oil Market Report. During this time, he developed the IEA’s short- to mid-term oil demand forecasting framework and led research examining oil/gas interfuel substitution. Before the IEA, he was a Research Fellow at the East-West Center in Honolulu where his primary emphasis was LNG Markets East of Suez. Jeff has a Ph.D. in Economics.

Dr. Brown is the author of many articles in industry, economic, and policy journals and widely cited as an energy expert, including interviews with The Wall Street Journal and the New York Times and appearances on news channels such as CNBC and Bloomberg. He delivers numerous speeches and conducts specialized briefings around the world each year. He also regularly leads commercial advisory services and projects focusing on downstream oil and LNG.

Key Address Speakers

Mr. Shigeharu Yajima

Senior Vice President
Global Energy Marketing
Inpex Corporation
Japan

Mr. Sebastien Bariller

Senior Vice President
Feedstock Purchasing
Energy & Optimization
Hanwha Total Petrochemical
Korea

Confirmed Speakers

Mr. Geir Mjelde

Chief Executive Officer
SKS (Kristian Gerhard Jebsen Group)
Norway

Dr. Frederic Lasserre

Director of Market Analysis
Total SA, France

Dr. Jaafar Oklany

Commercial Director
Basrah Gas Company
Iraq

Ms. Wong Yoke Phooi

Trader
Light Distillates Trading
PETCO Trading Labuan Company
Malaysia

Ms. Ada Taib

Managing Editor
Middle East & Asia Pacific
Crude Markets
S&P Global Platts

Sri Paravaikkarasu

Director of Asia Oil and
Head of East of Suez Oil Service
FGE
Singapore

Thomas Olney

Consultant
FGE Singapore

Topic: "Pricing Bunkers in a Low-Sulphur World"

Mr. Den Syahril

Consultant
Oil & LPG
FGE, Singapore

Organised By

CNF 2018 Survey Poll Results

Media Sponsors

Should you be interested to present a paper or participate at this conference, please contact us

+65 6338 0064
+65 6338 4090
info@condensateforum.com

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