Condensate & Naphtha Forum

Planning In A World With Too Much Naphtha

Location: Vietnam

Venue: Hyatt Regency Da Nang Resort and Spa, Da Nang, Vietnam (Check The Map)

Starts: 05 Nov 2019

Ends: 06 Nov 2019

Type: Conference

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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 Da Nang, 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.


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. 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

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.

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.

Speakers for CNF '19

Mr. Sebastien Bariller

SVP, Feedstock Purchasing Energy & Optimization, Hanwha Total Petrochemical, Korea

Condensate & Naphtha Forum 2019 Speaker

Senior Vice President / Feedstock Purchasing, Energy & Optimization (Seoul)
Hanwha Total Petrochemical (JV 50/50)

December 2016 – Present. SVP of a Business Unit with Direct reports & Subordinates: 40+

  • Responsible for feedstocks purchasing (11 Mt), refined products marketing and sales (5.5 Mt), and coordination of economical optimization of the JV
  • Responsible for JV Energy Price Risk management and hedging (Policies approved by Board)
  • Develops annual and long-term business plans and strategies in cooperation with shareholders, suppliers, customers.

Corporate and Project Finance Senior Manager - (Beijing 25% - Paris 75%)
Total Finance Division

February 2012 – November 2016

  • Project Finance: Financing of under development or existing Petrochemicals Joint Ventures in China / Korea / Russia / Qatar (1 to 4 GUSD each)
  • Corporate Finance for Total Refining and Petrochemicals / Trading & Shipping Activities (60 affiliates mainly in Asia)

Corporate Strategy & Planning Division - Manager (Paris)
Total Refining Division

December 2007 – February 2012

  • Coordination role for Refining Long Term Plan: review of refining investment plans (~10 GUSD Capex), strategic and market reviews with senior management
  • Refining investment opportunities analysis: project profitability and strategic review
  • M&A: due diligence, business plans, contract negotiations

Head of Valorization Department (Oudalle plant)
Total Marketing Division / Special Fluids

2004 – 2007

  • Performance control and valorization of the de-aromatic solvents production (supply feedstock mix optimization, assessment the economic performance of the site)

Project Manager for Economics & Refinery Modelization (Paris)
Total Refining Division

2001 – 2004

  • Development of mathematical linear models for optimization of refineries supply and production

Business Analyst - Refinery Supply and Optimization (Port Jerome-Gravenchon)

1999 – 2001

  • Optimization of supply (crude and feedstock valuation) and monthly production plans
  • Interfacing with trading department for sale of commodity products

    Mr. Hiroshi Kato

    General Manager, Oil Marketing Unit, Global Energy Marketing Division, INPEX CORPORATION, Japan

    Mr. Nazri Malek

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

    Condensate & Naphtha Forum 2019 Speaker

    After spending more than 12 years of his career in the Upstream business, Nazri is now challenged to help steer the Refining & Trading business in the uncertainty the industry is facing. Nazri does this by leading a Strategic Review of the business, while steering projects that addresses the opportunities and threats to the industry from a fresh perspective. Among these projects are feasibility studies for Crude to Chemicals and biofuels for a more sustainable future.

    Prior to this role, Nazri was in Business Development in Upstream, spearheading the company’s entry into Brazil and Mexico, where PETRONAS is now the largest acreage holder after PEMEX. Nazri is also experienced in Reserves & Resources Management, Reservoir Surveillance, Strategy & Commercial and Mergers & Acquisition.

    Nazri holds a Bachelor’s of Science in Petroleum Engineering from The University of Texas at Austin and a Masters in Business Administration (Finance & Economics concentration) from the London Business School.

    Dr. Paul Cherry

    Consultant, Officium Projects, Hong Kong

    Condensate & Naphtha Forum 2019 Speaker

    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. Sho Takino

    Chief Staff, Feedstock Team, Basic Petrochemicals Dept, Mitsubishi Chemical Corporation, Japan

    Condensate & Naphtha Forum 2019 Conference Speaker

    Mr. Sho Takino, is the chief staff in Basic Petrochemicals Department, Mitsubishi Chemical Corporation, Japan. Sho also has an assignment in Mitsubishi Chemical Asahi Kasei Ethylene Corporation(AMEC), the JV of Mitsubishi Chemical Corporation and Asahi Kasei Corporation. Sho has been engaged in the procurement of naphtha and LPG as feedstock of steam crackers in Kashima and Mizushima, Japan, for 5 years.

    Mr. Sho Takino has a Bachelor of laws in the University of Tokyo and a Master of public policy in the Kyoto University School of Government.

    Ms. Sue Koh

    Naphtha Editor and Pricing Specialist, S&P Global Platts, Singapore

    Condensate & Naphtha Forum 2019 Speaker

    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.

    Mr. Thomas Olney

    Global Head of NGLs, FGE, Singapore

    Condensate & Naphtha Forum 2019 Speaker
    Bunker Fuel & Ballast Water Conference & Exhibition 2019 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

    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

    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

    +65 6338 0064
    +65 6338 4090

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