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Storm Clouds Gather Over Iraqi Oil Development
...Neel’s presentation estimates. The problem, the source says, is that rising demand means that new capacity won’t really begin to be felt until what could be a politically unacceptable 2014. Mr Neel urged Baghdad to review its electricity subsidy policy sooner rather than later to promote co...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
BP Reveals Fourth Pipeline Option For Shah Deniz 2 Gas
...ere is concern about the potential extent to which it would overlap with a number of interconnector pipelines that are due to become operational throughout Southeast Europe by 2014. BP’s Vice-President for Shah Deniz Development, Al Cook, described the SEEP project as “another possible so...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Qatar Faces Challenge of Complex, Changing European Gas Market
...laysia has reportedly paid Qatar $15.40/mn BTU – up from the market’s typical $8.50/mn BTU at the beginning of the year. Competition From Coal LNG also has to compete against coal. The EU will stop subsidizing domestic coal production by 2014, making Europe more dependent on imports. Furthermore, Eu...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Offshore Exploration To Continue, Says Cyprus, As Turkish Ship Enters Republic’s EEZ
...Turkey’s reason for insisting that Cyprus halt the work in Block 12 on the grounds that it would not be beneficial to Turkish-Cypriots. Gas from Block 12 is not expected to arrive on the island until 2014 – by which time a federal Cypriot government and an island-wide gas distribution system co...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011