Canadian demand for diluent is currently forecast to increase by 300 Mb/d between 2013 and 2020. That picture could change dramatically if pipeline projects to transport heavy Canadian bitumen crude to the US Gulf and diluent to Western Canada are delayed or cancelled. In any case, developing plans to transport “raw” bitumen by rail seem set to reduce diluent demand. The possibility of lower diluent demand threatens the most promising market today for increasing US natural gasoline and lease condensate production. Today we complete a two part series on Canadian condensate demand.
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