Senator Murkowski Calls for More Condensate Exports

On Wednesday, July 9, 2014, Senator Lisa Murkowski (R-AK), the top Republican on the Senate Energy and Natural Resources Committee, released a new report calling for more condensate exports. Specifically, the report, Terms of Trade: Condensate as an Exportable Commodity, shows that at least six energy-related federal agencies routinely differentiate between crude oil and condensate in resource assessments, production levels, environmental reviews, and other regulatory activity. The Senator called on the U.S. Commerce Department, which classifies condensate as “crude oil,” to align its policy with other federal agencies, allowing condensate to be exported alongside natural gas liquids and petroleum products. The Administration recently approved petitions by two companies to export some condensates.