U.S. exports of distilled condensates seen as possible game changer.

Author:Permenter, Kate

Approval by the Department of Energy's Bureau of Industry and Security (BIS) for two companies to export distilled condensate could be a game changer, opening the door to a significant increase in global exports of both this product and distilled crude oil, according to research and consulting firm GlobalData.

BIS permits to Pioneer Natural Resource Company and Enterprise Product Partners to export lightly processed condensate from the United States sets a precedent for further authorization of exports.

"Both companies send condensate produced from the Eagle Ford shale play through stabilizers with distillation units, and the BIS determined that the condensate is sufficiently processed to be classified as a product," said Carmine Rositano...

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