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Egypt Halts LNG Exports As Eni & Shell Bear The Brunt Of Gas Surplus
.../B.” In normal terms, Egypt’s gas renaissance has been a great success story. From a sizable gas deficit for 2014-17, new output led by Eni’s giant Zohr, which came online in December 2017, has meant that since late 2018 the country has had a gas surplus (MEES, 17 May 2019), with exports hitting an ei...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Algeria: Southwest Pipeline Progress, But Field Development Lags
...uat gas project – the UK-firm announced last week that after ramp-up delays, Touat was producing “close to plateau rates” (MEES, 3 April). Repsol-operated Reggane Nord, at 2.9bcm/y, was the first element to start up in late 2017. Here partner Edison is in the process of quitting with talks for So...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Mena Drilling: GCC Records, North Africa Slump
...ans to raise capacity to 5mn b/d, though it hopes to be able to cut costs by squeezing contractors (see p3). Kuwait’s Q1 average rig count of 53 was, likewise, second only to the record 55 set in 2017. *Saudi Arabia, meanwhile, is in the midst of a multi-year campaign to bolster the co...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Saudi Arabia Extracts Huge Cut Commitment From Russia
...als stretching back to January 2017, Saudi Arabia was cutting by an order of magnitude greater than Russia. This was exacerbated by last December’s deal under which Russia managed to get its condensate excluded – and subsequently increased output – while Saudi Arabia promised to cut an additional 40...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Egypt Petchems Producers Target New Products, Increased Exports
...lyethylene (PE) plant (MEES, 7 February). The polybutadiene plant will cost $180mn and take two years to build. Ethydco produced 367,000 tons of ethylene in 2019, as well as 363,000 tons of polyethylene for local consumption and export. Ethydco’s exports during 2017-19 earned $929mn. NEW CH...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020