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  1. 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: 59
    Issue: 05
    Published at Fri, 05 Feb 2016

  2. Kuwait Refining Earnings Undermined By Weak Product Export Prices

    ...oject (CFP), which involves upgrading the existing Mina al-Ahmadi and Mina Abdullah refineries by the end of 2017 (MEES, 13 March 2015). The CFP is now more than 40% complete, Mr Mutairi says. Although Mr Mutairi did not name the other projects in the KD11bn of strategic projects, KNPC separately to Al...

    Volume: 59
    Issue: 05
    Published at Fri, 05 Feb 2016

  3. Iran And Saudi Arabia Drive Opec Output Rise As Indonesia Returns

    ...2mn b/d to 3.5mn b/d by 2017, Iran looks set to pull away. Kuwait has fallen behind since October 2014, when a dispute with Saudi Arabia over management of the Partitioned Neutral Zone (PNZ) led to production falling there, and halting altogether in 2015. Chevron said in its Q4 2015 conference call on 29 Ja...

    Volume: 59
    Issue: 05
    Published at Fri, 05 Feb 2016

  4. Kuwait’s Budget Deficit Set To Soar As Spending Continues Despite Subsidy Cuts

    ...main at current levels,” he says. The current Brent forward curve for the April 2016-March 2017 budget period averages $38/B, well above the budgeted figure. But, as he estimates that the 2016-17 budget will need a breakeven oil price of $65/B, a deficit still looks on the cards. In recent years Ku...

    Volume: 59
    Issue: 05
    Published at Fri, 05 Feb 2016