BHP Seen Shipping First U.S. Condensate Without Ruling
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BHP Billiton Ltd. plans to export condensate from the U.S., the first company seen to ship the fuel abroad without express permission from federal regulators.
BHP sold a cargo after deciding that it’s a processed product eligible for export and without a direct ruling from the U.S. Commerce Department, said a person familiar with the trade, asking not to be identified because the information isn’t public. The company plans to export condensate from Texas’s Eagle Ford formation that’s been run through distillation towers, Eleanor Nichols, a Melbourne-based BHP spokeswoman, said in an e-mailed statement today.