Condensate & Naphtha Forum

When the Dust Settles: Condensate & Naphtha in a Post COVID World

Location: Virtual

Venue: N.A.

Starts: 21 Oct 2020

Ends: 22 Oct 2020

Type: Virtual

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Where Condensate & Naphtha Buyers & Sellers Meet

Conference Theme: "When the Dust Settles: Condensate & Naphtha in a Post COVID World"

The impacts of Covid-19 and low oil prices will have ramifications on condensate, naphtha and petrochemical feedstock balances for years to come, with delayed FIDs, shelved projects, massive cuts to upstream, midstream and downstream capital expenditures. What will this mean for the industry?

  • Has the Energy Transition been put on hold with all the associated condensate supply that it was expected to bring?
  • How will this impact condensate and naphtha balances looking forward?
  • What will this mean for the future landscape of petrochemical feedstocks?

Join us for frank discussions on the opportunities and challenges of the industry, as the world recovers slowly from the dual shocks of the OPEC+ price war and the Covid-19 pandemic.

Conference Co-Chairmen

Dr. Fereidun Fesharaki

Chairman, FGE

CNF 2020 Speaker
LNG Supplies for Asian Markets 2020 Advisory Committee Chairman
MPGC 2020 Conference Co-Chairman

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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.

He 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 where he led the energy program as a Director and Senior Fellow till 2013.

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). 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. 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, he was appointed as Honorary Advisor by CNPC Research Institute of Economics and Technologies in Beijing. Dr. Fesharaki 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.
Fesharaki has been appointed to the National Petroleum Council beginning in 2008 and most recently re-appointed by the US Secretary of Energy, Dan Brouillette in April 2020.

Dr. Jeff Brown

President, FGE

CNF 2020 Speaker
LNG Supplies for Asian Markets 2020 Conference Co-Chairman
MPGC 2020 Speaker

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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.

In 2013, Jeff rejoined FGE from JP Morgan where he was Executive Director, Global Commodities Research/Strategy. He was a regular 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 highly regarded 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.

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 CNN, CNBC and Bloomberg. He delivers numerous speeches and conducts specialized briefings around the world each year.

Confirmed Speakers

Mr Rusty Braziel

CEO, RBN Energy, USA

CNF 2020 Speaker

______

E. Russell (Rusty) Braziel is CEO of RBN Energy, a leading energy market consultancy and analytics company based in Houston, Texas, and is the author of The Domino Effect, bestseller book about energy markets. Braziel provides frequent analysis and commentary to national and international media outlets that include the Wall Street Journal, Reuters, CNBC and Jim Cramer’s Mad Money.

He was appointed by the U.S. Secretary of Energy to the National Petroleum Council in 2018 and is a member of the North American Energy Standards Board. He spent 20 years with Texaco (Chevron), serving as Vice President of Natural Gas Marketing and Trading and NGL Supply. Subsequently he was VP of Business Development for The Williams Companies and was a co-owner and senior executive at Bentek Energy.

Mr. Braziel holds BBA and MBA degrees in Business and Finance from Stephen F. Austin University.

Mr. Tony Debenham

Managing Director, Darwin Clean Fuels Pty Ltd, Australia

Mr. Tetsuji Yoshimine

Director, Head of Crude, Inpex Energy Trading Singapore Pte Ltd

Mr. Richard Matthews

Director, Consultancy & Research, E A Gibson Shipbrokers Pte Ltd, UK

CNF 2020 Speaker

______

Richard joined Gibson in 2014 as the Head of Consultancy & Research having previously spent 5 years as a Business Manager at IHS Maritime & Trade. Richard’s primary responsibility is to advise Gibson’s broking and consulting clients on future freight market developments in order to inform chartering and investment strategies. In this role, Richard spends a significant portion of his time travelling internationally to present Gibson’s views on the market to clients and at industry events. Richard has a First Class degree in Business and Economics.

Dr. Paul Cherry

Consultant, Officium Projects Ltd, Hong Kong

CNF 2020 Speaker

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Paul has more than 25 years’ experience in the petrochemical industry including 20 years working for Lyondell Basell and its predecessor companies, Basell, Montell and Shell Chemicals.

From 1991 to 2002 he was based in Australia and worked in a variety of technical servcie, product development, manufacturing, sales and procurement roles.

From 2002 to 2010 he was based in Hong Kong and was responsible for supply chain and procurement activities in Asia, Africa, the Middle East and the Indian Subcontinent.

After leaving Lyondell Basell, Paul has been working as a freelance consultant to the petrochemical and polymer industries. Paul also works with Officium Projects, a company which develops and commercializes specialty catalysts and the International Chemical Information Services training business delivering petrochemical and
polymer training courses around the world.

Paul has a Bachelor of Applied Science and Doctorate of Philosophy majoring in polymer science both from the University of Melbourne.

Mr. Lim Chee Seng

RIM Intelligence, Singapore

Mr. Wu Jian

Consultant

CNF 2020 Speaker

___

1994-1999 Yanyzi BASF styrenics Ltd, Marketing & Sales Manager / Styrenics
1999-2005 Chevron Philips Chemical Co Marketing Manager / Aromatics
2006-2013 GE Plastics / Sabic Asia Pacific (merged GE Plastics), Asia Business Manager / Aromatics BU
2013-2014 Gemoi Petrochemical (Singapore) Pte Ltd. DIRECTOR / Petrochemical
Nov 2014 to date Rongsheng Petrochemical (Singapore) Pte Ltd, Marketing Director / Petrochemical & Feedstock

Ms. Jeslyn Chua

Consultant, FGE, Singapore

Mr. Thomas Olney

Global Head of NGLs, FGE, Singapore

CNF 2020 Speaker

_____

As the Global Head of NGLs FGE, Thomas leads our global coverage of all liquids from the gas stream (C2-C10), including condensate. This includes analysis, research, insight and consulting on global NGL markets.

Through his time at FGE Thomas has worked in a variety of roles across the energy landscape; focusing on refined petroleum products markets, NGL & condensate markets, bunker markets, both onshore and offshore midstream, shipping and petrochemicals. Work includes feasibility studies, due diligence work and commercial advisory work.

Prior to FGE Thomas worked as an equity analyst at the Private Bank, Kleinwort Benson, focusing on midcap equity research in the UK Oil & Gas Sector.

Thomas has an M.Sc. in Management from Imperial College London, a BA in History, Spanish & Portuguese from the University of Nottingham, and also attended the International Management Programme at Fundacao Getúlio Vargas EAE-SP in Sao Paulo.

Mr. Armaan Ashraf

Senior Analyst (Condensate & Naphtha), FGE, Singapore

CNF 2020 Speaker

______

Armaan is currently an analyst at FGE in Singapore. In his role, he specializes in the Condensate and Naphtha markets with a focus on East of Suez region and plays a key role in the analysis and reporting for the Condensate & Naphtha monthly and the long-term Condensate outlook. Prior to joining FGE, Armaan worked at Freepoint Commodities LLC where he was an analyst covering middle distillates markets and supporting the trading floor. Armaan holds a Bachelor’s degree in Business Administration and a Bachelor’s Degree in Industrial & Systems Engineering from the National University of Singapore

More industry speakers to be confirmed

Key Industry Trends To Be Examined

  • Impact of recent price environment on LNG/gas FIDs and consequences on supply profile of condensate through the 2020s 
  • Does a leopard change its spots? What will the next cycle bring for US shale production and impact on US condensate supply? 
  • Pie in the sky or a deal with substance? Sino-Iranian relations and the impact on availability of South Pars condensate 
  • The death of the condensate splitter never came – adaptation of the condensate/ultra-light crude splitting fit for the 2020s. 
  • Will gasoline demand rise from the ashes of COVID-19? Outlook on light distillate balances and impact on naphtha trade flows through the 2020s.   
  • ME and India moving towards the COTC model:  Impact on condensate and naphtha balances 
  • Light ends: The energy transition brings diverging feedstock opportunities for the light end of the barrel 
  • The growing frontier: Petrochemical capacity in the East, feedstock flexibility and what it means for light hydrocarbon demand. 
  • Shipping rates in a world heading toward decarbonization.  What this means for CPP and DPP markets? 

Conference Sessions

Day 1
  • Official Opening
  • Session 1: Conference Chairmen’s Addresses & Market Overview
  • Session 2: Keynote Addresses
  • Session 3: Condensate Markets: What’s New & Emerging
  • Roundtable Discussion
Day 2
  • Session 4: Trends in the Global Naphtha & Petrochemicals Markets
  • Session 5: Condensate & Naphtha Pricing & Trading Issues
  • Roundtable Discussion

Testimonials

Attendance Profile

Representation at the Forum Includes:-

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Media Sponsors

Thank you to Speakers at the 2019 Condensate & Naphtha Forum

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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