Platts launches Ichthys Field Condensate assessment from Nov 9

S&P Global Platts has started publishing daily price assessments for Australia's light, sweet Ichthys Field Condensate from Nov. 9, 2021.

Platts first proposed the launch in a subscriber note published Aug. 19, 2021: http://plts.co/tgt630rTMVP

Ichthys Field Condensate is a light sweet crude with an API gravity of around 49 and sulfur content of 0.01%.

Platts assessment of Ichthys Field Condensate reflects 650,000-barrel cargoes loading two months from the date of publication on an FOB basis off Western Australia.

Platts publishes a daily outright price and a differential to Platts Dated Brent for Ichthys Field Condensate at Asian close of 04:30 pm Singapore time (0830 GMT).

The Ichthys assessment follows Platts Asia-Pacific regional crude calendar that rolls on the 9th of each month.

The assessments appear on Platts Crude Oil Marketwire, Asia Pacific Arab Gulf Marketscan, Oilgram Price Report, as well as Fixed Pages Platts Global Alert 2212, 2240, 2241 and 1250, under the following symbols:

Crude exports from the project began in late 2018 and currently Ichthys Field Condensate exports typically comprise three 650,000-barrel cargoes each month from the FPSO Ichthys Venturer.

The Ichthys energy development is a joint venture between Japan's INPEX and major partner TotalEnergies. Other stakeholders include CPC Corporation, Taiwan, Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas. Please send all comments and questions to asia_crude@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make those not marked as confidential available upon request.