Iran, Qatar Raise Natural Gas Output, Producing More Condensate

Iran, Qatar and Australia are increasing production of natural gas, raising supply of condensate, a by-product valued because of its suitability as a raw material to be processed into fuels.

Supply of condensate may climb 7.2 percent a year until 2010, U.K.-based consultant Poten & Partners said. Growth in the global economy is leading to higher demand for gasoline and diesel as consumers buy cars and travel further.