Platts extends feedback period on proposal to amend Canadian Condensate methodology

Platts, part of S&P Global Commodity Insights, is extending the feedback period on its proposal to amend the Canadian condensate (C5) methodology to reflect Fort Saskatchewan as the basis of the assessment.

Platts is extending the feedback period to July 21, for any potential change to be effective Aug. 28.

Platts specifically invites feedback on the most common trading basis for Canadian condensate in the Edmonton area, specifically Fort Saskatchewan, and more information about how the different streams are valued and trade in the market.

Platts understands that there are many streams of Canadian condensate trading in the Edmonton area. Platts has proposed to reflect Fort Saskatchewan 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 basis.

Please send all questions and comments to oilgroup@spglobal.com and pricegroup@spglobal.com by July 21.

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.