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Egypt Looks To New Gas Finds To Ease Record Energy Deficit
...ping deficit that will likely get worse this year, Cairo is sticking with ambitious 2017 target start-up dates for its two key gas output expansion projects. Needless to say, gas output of 4.31bn cfd for 2015 was at a 10-year low; it has already fallen further, to 4.07bn cfd, and will almost certainly av...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Algeria Boosts Its Share In Spain’s Gas Imports In 2015
...taling 2.67mn t/y, with Iberdrola, Endesa and Cepsa. The 0.75mn t/y contract with Iberdrola is expected to expire in 2017, with the other two set to end in 2022. SKIKDA STILL OUT Algeria’s 4.5mn t/y Skikda LNG complex remains out of action for maintenance, according to reports. The mega train was ru...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Algeria’s Sonelgaz Eyes Foreign Loans To Bridge $10bn Funding Gap
...nerators and petrochemicals producers, not to mention export customers. However, gas supply prospects received a welcome boost last week with the start-up of four fields in the Southern Fields expansion program at In Salah. These are slated to provide a gross addition of 4.5 bcm/year by 2017, though th...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
IEA Warns Of Future Price Spike As Opec Divisions Deepen
...The supply glut of crude oil is set to extend into 2017 due to the resilience of non-Opec production, according to the IEA’s 2016 Medium Term Oil Market Report (MTOMR), released 22 February. But with global production capacity growth slowing over the report’s 2015-21 timeframe due to in...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Middle East Refiners To Add 2.3mn B/D Capacity By 2022-IEA
...pected to complete its 146,000 b/d Ras Laffan 2 condensate splitter, while the 81,000 b/d expansion of Oman’s Sohar refinery – officially due for 2016 start-up – is expected “around 2017.” Saudi Arabia’s next big refinery, a 400,000 b/d plant at Jazan, is still slated for 2018 but “could well be delayed” as...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Egypt Tying Up Deals For $2.2bn Dairut Power Plant
...art-up during 2017-20 (MEES, 29 January). Turbines for the three 4.8GW plants are being provided by Germany’s Siemens, under an €8bn ($8.81bn) contract. German trade credit insurance agency Euler Hermes is underwriting a €4.1bn, 12-year loan to the Egyptian government to help fund the Siemens de...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016