1. Opec Responds To Turbulent Start To 2020

    ...s, Opec exited 2019 with average production of 29.38mn b/d in December. This represented a massive 2.40mn b/d year-on-year decline. Over 2019 as a whole Opec production averaged 29.86mn b/d, down 2.18mn b/d on the 2018 average of 32.03mn b/d and the first time since 2011 that production has av...

    Volume: 63
    Issue: 02
    Published at Fri, 10 Jan 2020
  2. Taiwan Makes Slow Progress In Cutting Gulf Crude Dependence

    ...nce 2011 whilst the 72.3% 4Q19 Gulf share was the lowest since 2010 and December’s 68.2% the lowest monthly figure since 2011. A TALE OF TWO REFINERS Taiwan’s 1.14mn b/d of crude distillation capacity is split between two refiners. And the two have markedly differing records in diversifying su...

    Volume: 63
    Issue: 02
    Published at Fri, 10 Jan 2020
  3. Global LNG: China Challenges Japan As Top Importer

    ...ough here price will be a key factor.   *As for Japanese LNG demand, the key variable has been the status of the country’s nuclear power fleet. Japan’s LNG imports peaked at 87-88mn t/y in 2012-14 in the wake of the 2011 Fukushima nuclear disaster which led to all of the country’s then-op...

    Volume: 63
    Issue: 02
    Published at Fri, 10 Jan 2020
  4. Israel Accelerates Coal To Gas Shift

    ...e in electricity production, with coal supplying 30% of the country’s electricity needs in 2018, from 59% in 2011, whilst gas has risen from 35% to 65% over the same period. Prior to Leviathan coming online the country’s gas needs were met by the 11tcf Tamar gas field which produces at around 1bn cf...

    Volume: 63
    Issue: 02
    Published at Fri, 10 Jan 2020