Platts proposes to amend Canadian Condensate methodology

Platts, part of S&P Global Commodity Insights, is proposing to amend the Canadian condensate (C5) methodology to reflect Fort Saskatchewan Condensate (CFT) as the basis of the assessment, effective July 10.

Platts understands that there are many streams of Canadian condensate trading in the Edmonton area. Platts is proposing to reflect Fort Saskatchewan Condensate based on a historical analysis of bids, offers, and trades heard in the market as well as feedback from market participants that it is the most liquidly traded.

Under this proposal, Platts may normalize bids, offers, and trades from any other location or stream of condensate back to a Fort Saskatchewan Condensate (CFT) basis.

Please send all questions and comments to oilgroup@spglobal.com and pricegroup@spglobal.com by May 31.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.