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Qatar Sidesteps Trade Embargo With 20% Export Revenue Gain In 2017
...Qatar’s exports proceeded largely unimpeded in 2017 despite the Saudi-led embargo being in force since June. But failure to diversify its exports remains a major concern, as does a dependency on five countries for more than 60% of exports. Qatari export revenues soared 18% to $67bn in 2017...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
QP Goes Big Off Mexico
...erica as part of a “very defined” expansion strategy (MEES, 8 December 2017). Four of QP’s new Mexican assets are in a consortium with Anglo-Dutch major Shell (60% op, QP 40%), Blocks 3, 4, 6, and 7 in the Perdido Basin. This abuts the US border in proximity to the Whale deep-water discovery an...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Japan Big Winner As Saudi Arabia Cuts Crude Exports
...Saudi crude exports to its five key markets, Japan, China, the US, South Korea and India, edged down 2% in 2017. Though this is a more modest dip than the 4% fall to 9.97mn b/d in the country’s crude output and the 9% fall to 6.96mn b/d for Saudi Arabia’s overall crude exports, the kingdom ha...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
East Asian Importers Take Less LNG In 2015; Little Sign Of An Upturn In 2016
...uthwestern Japan (MEES, 30 October 2015). “We forecast Japanese LNG imports will be down by another 2.4mn tons in 2016 and by 2.2mn tons in 2017, driven largely by impacts from nuclear plant availability,” analysts at London-based Energy Aspects say in a recent note. GRAPH 1: ASIA’S THREE LARGEST LNG IM...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
UAE Plans For Long-Term Gas Imports With North American Investment
...rminal in Fujairah. This will be capable of handling 1.2bn cfd of gas from 2016 or 2017 (MEES, 15 November 2013). It already has a floating regasification unit at Jebel Ali in Dubai. “There is a logic to... diversifying the sources and to have a contribution from the US and Canada,” Mr Mazru’i says. “We...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014