28th Condensate & Naphtha Forum (CNF)

13-14 November 2024 | Penang, Malaysia

Save the Dates and Join Us in Penang, Malaysia for the CNF Forum, 13 – 14 November 2024



Bridging Horizons: New Condensate Supplies & Naphtha Transitions

In the foreseeable future, significant shifts are expected in the global energy landscape, particularly in the realms of condensate supply and naphtha markets. As new projects come online and geopolitical tensions persist, the dynamics of these sectors will undoubtedly undergo profound transformations.

Update on Condensate Supplies and Naphtha Market Dynamics

  • Anticipation of a surge in condensate supplies driven by major projects like Qatar's North Field expansions and Saudi Arabia's Jafurah Basin initiative
  • Projections indicate an additional 500 kb/d of condensate entering the market from 2025 to the early 2030s
  • Despite economic uncertainties and geopolitical tensions, the resilience of the naphtha market remains evident
  • The Asia Pacific naphtha deficit is forecasted to widen by the late 2020s, signalling potential opportunities and challenges
  • Naphtha's value relative to crude is expected to strengthen amidst evolving global petrochemical dynamics

Join top management and energy experts from leading condensate producers, buyers and sellers in-person in Penang at the CNF Forum this year, for frank discussions on the factors above and the opportunities and challenges of the industry. - Click the link below for further details


CNF 2024 Homepage

PENANG’S TEN ‘MUST SEE’ ATTRACTIONS

Penang, Malaysia, is a captivating destination that seamlessly blends culture, history, and natural beauty. Its capital, George Town, a UNESCO World Cultural Heritage Site, is celebrated for its well-preserved colonial architecture and rich cultural heritage, reflecting the multicultural trading towns along the Straits of Malacca.

This vibrant city is a melting pot of Malay, Chinese, Indian, and European influences, evident in its architecture, cuisine, and cultural practices. It boasts a wealth of heritage buildings, including colonial shophouses, temples, mosques, and mansions, all contributing to its historical significance as a multicultural trading hub.

Known for its vibrant living traditions and intangible cultural heritage, George Town is renowned for its festivals, crafts, and street food. It remains a bustling cultural and artistic center, hosting a variety of events and festivals that celebrate its diverse heritage.

Here are ten essential activities to experience when visiting Penang:


1.   Explore George Town

  • Street Art: Wander through George Town to discover its famous street art murals.
  • Heritage Buildings: Visit colonial-era buildings and shophouses.

2. Visit Penang Hill

  • Scenic Views: Ride the funicular to the top for panoramic views of the island.
  • The Habitat: Explore the rainforest and canopy walkways.



3. Discover Kek Lok Si Temple

  • Buddhist Temple: Visit one of the largest and most iconic temples in Southeast Asia.
  • Pagoda and Statues: Admire the seven-story Pagoda of Rama VI and the towering statue of Guan Yin.

4. Enjoy Penang’s Culinary Delights

  • Street Food: Sample local favorites like Char Kway Teow, Penang Laksa, and Nasi Kandar.
  • Gurney Drive: Explore the popular seafront promenade known for its food stalls.



5. Relax at Batu Ferringhi Beach

  • Beach Activities: Enjoy water sports, or just relax on the sandy shores.
  • Night Market: Visit the night market for souvenirs and local snacks.

6. Walk Through the Penang Botanic Gardens

  • Nature Walks: Explore the lush gardens and encounter monkeys and other wildlife.
  • Flora: Admire a variety of local and exotic plants.



7.   Experience Penang’s Cultural Fusion at the Khoo Kongsi Clan House

  • Clan House: Explore this beautifully preserved Chinese clanhouse.
  • Architecture: Marvel at its intricate carvings and rich history.

8. Tour the Cheong Fatt Tze Mansion (Blue Mansion)

  • Heritage House: Take a guided tour of this UNESCO World Heritage Site.
  • Architecture: Learn about its unique architectural style combining Eastern and Western elements.



9. Visit Penang National Park

  • Eco-Tourism: Hike through the park to Monkey Beach or the Muka Head Lighthouse.
  • Biodiversity: Experience the park's rich flora and fauna.

10. Explore the Pinang Peranakan Mansion

  • Peranakan Heritage: Discover the ornate lifestyle of the Straits Chinese settlers.
  • Antiques: View a collection of antiques and memorabilia.