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Analysis: Changes Ahead For Gulf LNG Importers And Producers
...stream and entering the Asia-Pacific market – a whopping 61.8mn t/y under construction is due onstream by 2017, although slippage is likely – and the possibility of mainland Europe switching to a gas pricing model indexed to (currently far lower) US domestic ‘Henry Hub’ prices and/or the UK’s National Ba...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Mideast Refining Capacity Edges Up, Runs Fall
...st ambitious expansion plan – three 400,000 b/d capacity refineries, due onstream in 2013, 2014 and 2016. The UAE is building a 417,000 b/d plant which is due onstream in 2014, while Algeria’s Sonatrach has announced a plan to build four 100,000 b/d capacity refineries for 2017 start-up. Also Oman is lo...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
KPI Vietnam Refinery OK’d
...nture, with KPI holding 35.1%, PetroVietnam 25.1% and Mitsui 4.7%. Following the FID and cofinancing agreement, construction is expected to begin in July 2013. Construction is slated to be completed in 2016 and commercial operations are scheduled to begin in 2017. The refinery will be built in th...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Kuwait Ponders Long-Term Power Fuel Supply Options: MEES Analysis
...art-up at 60,000 b/d in 2017, and ramping up to 270,000 b/d by 2030. Another project included in the 4mn b/d target is the 500,000 b/d Wafra field development (Kuwait’s share is 250,000 b/d) in the Neutral Zone, which Kuwait shares 50:50 with Saudi Arabia. But the Chevron-led project has sl...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
SEC In Talks With ACWA After Rabigh-2 Fuel Switch
...ter the project’s economics. It could also threaten the schedule – SEC had brought forward the completion date to 2016, but when it chose the ACWA-led consortium as first-ranked bidder, the planned completion date was put back to 2017 (MEES, 18 January). SEC awarded the 1.8gw capacity Ra...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Qatar’s New Leadership: Impact On QP’s And QIA’s Strategies
...velopment program and take the final investment decision (FID) after it gets approval from QP before mid-2014. Another factor is Maersk’s production sharing agreement expiring in 2017. It is in negotiations with QP, which is offering it tougher terms under a joint venture deal to continue Maersk’s op...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013