Platts proposes to launch Ichthys condensate assessment from November 9, 2021

S&P Global Platts proposes to begin publishing daily price assessments for Australia's light, sweet Ichthys condensate from Nov. 9, 2021.

Platts assessment of Ichthys condensate would reflect 650,000-barrel cargoes loading two months from the date of publication on an FOB basis from FPSO off Western Australia.

Platts would publish a daily outright price and a differential to Platts Dated Brent for Ichthys condensate at Asian close of 04:30 PM Singapore time (0830 GMT).

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

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

Crude exports from the multi-billion-dollar project began in late 2018 and currently Ichthys condensate exports typically comprise of 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, feedback and questions to asia_crude@spglobal.com and pricegroup@spglobal.com by Friday, September 10, 2021.

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.