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Kuwait: Jurassic Gas To Bridge Supply Gap Until LNG Import Capacity Rises
...epened its dependency on imports. LNG has been imported via the 7.5bcm/year (725mn cfd) Golar Igloo floating storage and regasification unit (FSRU) since 2014. In 2017, there were no imports in January and February, but volumes ramped up through the year, peaking at 730mn cfd in July and September. In...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Oman Casts Its Net Wide In Bid To Maintain Output Capacity
...vember 2017). Iranian Gas Anytime Soon? Signed in 2014 and originally slated for 2018 start-up (MEES, 25 September 2015), the oft-delayed Iran-Oman gas pipeline still looks unlikely to get moving anytime soon. Nonetheless, the CEO of the National Iranian Gas Company (NIGC) announced this we...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Suez Canal Boosted By Oil Trade Records
...• 2017 was a standout year for the Suez Canal, with record oil shipments both northbound and southbound. Revenues, at $5.276bn, were second only to the record $5.465bn hit in 2014. • Northbound oil shipments – essentially those from Gulf countries to Europe and the Americas – remain mo...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Israel-Jordan Spat Threatens Already Precarious Cooperation
...ivately-owned Arab Potash plant at the southern end of the Dead Sea has been taking gas from Israel’s Tamar field (also operated by Noble) since Q1 2017 under a 1.9bcm, 15-year deal inked in 2014. On an economic level the Leviathan deal looks to be a boon for Israel and Jordan alike. Israel has st...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Libya Refinery ‘Resolution’ Fails To Hide Need For Multi-$bn Investment
...27mn b/d. But since then volumes have been unstable. Since 2014, when output averaged just 465,000 b/d and exports around 350,000 b/d, most crude has been sold to trading firms such as Glencore (MEES, 10 February 2017) which has been prepared to run the risk of delayed and irregular cargoes – and pr...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
‘The New Tunisia’: A Work In Progress
...wn in recent days. Revenue from tourism has collapsed as instability has increased post-revolution. Foreign investment has nosedived. As a net energy importer, Tunisia should in theory have benefited from the fall in oil and gas prices from late 2014. However the collapse in the country’s own pr...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
BP Back On At Kirkuk
...vember 2013), but northern Iraq exploded with violence soon thereafter. Kurdish forces took the Kirkuk oil fields in June 2014 when Iraqi fighters retreated ahead of Islamic State (IS). Kurdish forces held off IS and began production from the fields about 280,000 b/d from the Kirkuk field’s Avana Dome an...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Has Egypt’s Economy Turned The Corner? Time Will Tell
...sition but with very few good news stories coming out of North Africa of late, the recent positivity is a welcome change for Cairo which has had to endure many difficulties since 2011’s Arab Spring. SUEZ CANAL 2017 TRAFFIC (MN TONS): CARGO INCREASES BUT REVENUE STILL BELOW 2014 LEVELS *EX...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018