China, UAE may cut Iran condensate imports if Trump tightens curbs: FGE

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However, Iranian condensate exports to Venezuela, at around 30,000 bpd, would continue.

More condensate supply is expected to come from Asia, Vietnam and Indonesia, as well as Africa, Ho said, as countries boost natural gas production for energy transition.

Qatar's North Field Expansion project, expected to start from the first quarter of 2026, will add 400,000 bpd condensate capacity though 2030, said FGE analyst Samuel Ho.

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Category: BusinessFinance

Markets: IndiaChinaIndonesiaQatarSaudi ArabiaUnited Arab EmiratesVenezuelaVietnam

Topics: China condensate imports Condensate and naphtha FGE analysis Oil production forecast Condensate production Qatar Condensate export decline Iran condensate exports Iran oil sanctions Venezuela Iran oil Middle East condensate supply Condensate oil supply Saudi Arabia condensate production US-Iran relations Condensate supply 2024 Trump sanctions on Iran Condensate market trends Global condensate market Qatar North Field Expansion Saudi Jafurah Basin UAE condensate imports Petrochemical feedstock

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 14:39:58 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 23601117

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