Inpex Boosts Condensate Supply to Australia Amid Fuel Shortages

Japan’s Inpex Corp. will make two additional cargoes of natural gas condensate — used to produce refined fuels such as gasoline — from its Australian liquefied natural gas export project available to domestic refiners, as the country grapples with fuel shortages.

A cargo of about 630,000 barrels, or roughly 100 million liters, is set to leave the Ichthys offshore facility in late April for delivery to a refinery on Australia’s east coast in May, the company said Monday. The condensate is a by-product of the LNG that’s exported from the plant.