An annual “must attend” for serious condensate buyers and sellers, the Condensate & Naphtha Forum brings together experts from the condensate, naphtha and petrochemical markets, who will share their insights and knowledge, through a series of presentations and panel discussions.

Discuss and deliberate market movements, the future direction of the industry and the impact on your operations.

Offering a totally new venue for the Forum since its inception, delegates will get to enjoy the historical and modern-day attributes of Danang, Vietnam, being close to several UNESCO World Heritage sites including the Imperial City of Hue, while being Vietnam’s largest and most important port city in the region, and a hub for transportation.


Confirmed Speakers

Dr. Fereidun Fesharaki


Condensate & Naphtha Forum 2019 Speaker

BuBWCE 2019 Speaker

LNGA 2020 Advisory Committee Chairman

MPGC 2020 Conference Co-Chairman

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. Joined the East-West Center in 1979 and was a Senior Fellow leading energy-related research till end 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)—Japan’s largest oil company. Dr. Fesharaki was the 1993 President of the International Association for Energy Economics (IAEE).

In 1995, 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 and re-appointed by Secretary Moniz in April 2016. 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. Jeff Brown


Condensate & Naphtha Forum 2019 Speaker

BuBWCE 2019 Speaker

LNGA 2020 Conference Co-Chairman

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.

Mr. Thomas Olney

FGE, Singapore

Condensate & Naphtha Forum 2019 Speaker
BuBWCE 2019 Speaker

At FGE, Thomas leads coverage of the upcoming IMO sulphur specification change, providing key insights and analysis across the refining, trading and shipping sectors.
Both upstream, midstream and downstream project work; focus on liquid bulk port economics, freight economics studies, pipeline economics, offshore drilling activity, shipping outlook as well as broader feasibility/due diligence work.

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.

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

Mr. Armaan Ashraf

FGE, Singapore

Condensate & Naphtha Forum 2019 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

Dr. Jaafar Oklany

Commercial Director
Basrah Gas Company

Mr. Nazri Malek

Head Strategic Planning & Business Development, Refining & Trading, Petronas

Ms. Sue Koh

Editor, S&P Global Platts, Singapore

Sue oversees the Asia and Middle East naphtha markets, with responsibility of price assessment, news coverage and the wider content creation, assuring robust engagement across the commodity sectors that Platts serves. During her five years at Platts, Sue has covered several markets in the Asia's oil content and pricing groups including: LPG, naphtha, gasoline, jet fuel, gasoil, regional condensates, bunker fuel. Prior to Platts, Sue had an extensive experience in the financial industry, having worked within the asset management fields such as fixed income, long-term interest rates derivatives, forex, data analytics and risk management. Sue received Bachelor of Science in Management under Manchester Business School.

Key Issues

A Forum for frank discussions on the opportunities and challenges of the industry, the 23rd Annual event in 2019 to be held in Danang, Vietnam, will have as its theme, “Planning In A World With Too Much Naphtha” and examine the following issues:-

  • The impact of geopolitical risks on global condensate trade and status of the two key condensate exporters – Iran & Qatar
  • Adapting to tightness in condensate markets as a result of US sanctions on Iran through alternative feedstocks (arbitrage condensates and heavy full-range naphtha)
  • Potential impact of incremental volumes of heavier condensates from Australia and US on splitter configurations in  Asia Pacific
  • Impact of shifting refinery yields on condensate demand
  • Effects of increasing ethylene and paraxylene production in China on the dynamics of petrochemicals and naphtha markets
  • Fate of increasing quantities of condensate from large scale LNG and gas projects in the long term, in the light of new projects focused on integrated refineries

Organised By

Media Sponsors

CNF 2018 Survey Poll Results

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.


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

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