Egypt’s Med Gas Output Collapse: Can Even Zohr Make Up The Losses?

...tes ranging from 14% to an eye-watering 28% last year alone (see table). Collective output of 1.24bn cfd for 2015 (29% of Egypt’s total gas output) is down by 290mn cfd on 2014 and by a massive 765mn cfd (38%) on 2012’s peak 2.00bn cfd output. These four blocks alone account for a full 49% of Egypt’s ov...

Iraqi Monthly Export Revenues Up 50% From February’s Seven-Year-Low But Less Than Half 2014 Levels

Algerian Gas Exports Face Rollercoaster Ride In Core Italian Market

...liveries into Italy during 2013 and 2014 due to weaker demand, by maintaining the same oil-indexed gas price formula, this deal ended in December 2015. This was replaced by another agreement with Eni which this time also involved price formula changes, as well as volume reductions. Sonatrach was long re...

Japanese LNG Imports, January-April 2016: Australia Consolidates Top Spot As Qatar Takings Collapse

...PORTS FROM QATAR FELL TO JUST $242MN IN APRIL, LESS THAN A SIXTH OF JANUARY 2014’S RECORD FIGURE ($MN/MONTH)...

Aramco Looks To Build On Record Output With ‘New Era’ Of Integration

...th 2014 – see p18). With the two new refineries targeting export markets, Saudi net products exports soared by 38% to 635,000 b/d according to the Aramco data, which unlike the Jodi data (500,000 b/d for 2015) appears to include field LPG. The Jodi data show gross 2015 products exports of 1....

International Investors Size Up Ambitious Egypt Wind And Solar Program

...newables program, approved by government in September 2014, specifically aimed at securing outside investment (see chart and table). In a recent assessment report for a proposed 1.8GW solar park at Benban, 650km southeast of Cairo, NREA says that the target includes 2GW for wind energy projects, 2GW fo...

Opec: Fit For Purpose? What Purpose Is That Exactly?

...porters on 2 June ahead of the meeting that the recent price rise “has proven that Opec’s strategy since 2014, which was criticized, has been working well and it seems the trend is towards stabilizing markets.” If the price gains since the Doha meeting hadn’t sufficiently dispelled any notion of an ou...

Anti-Hizbollah Banking Sanctions Tear At Lebanon’s Political Fabric

...chel Sulaiman whose term expired in May 2014. The political stalemate has brought decision making to a standstill, with key economic issues not to mention the legal framework for offshore hydrocarbon exploration left unresolved. At the same time political and economic relations between Lebanon and th...

Aramco Sees Gas As Central To Economic Transformation

...ace within its latest Annual Review. Aramco sees gas as an essential “feedstock for diversified industries” and therefore at the heart of Vision 2030. Saudi Arabia has steadily increased the amount of raw gas processed in recent years, from 11mn cfd in 2013, to 11.3mn cfd in 2014 and 11.6mn cfd la...

Egypt Plans Further Cuts To Subsidy Spending

...ypt’s vulnerabilities might increase further over the next 12 months. EGYPT CUTS SPENDING ON ENERGY SUBSIDIES, BUT BY LESS THAN THE FALL IN OIL PRICES (E£ BN) FINANCIAL YEARS ENDING JUNE. *ACTUAL PRICES TO 2014-15. ‘JANUARY 2016’ AND ‘MAY 2016’ USE AVERAGE PRICES FOR THE FINANCIAL YEAR TO 20...