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Saudi Arabia’s Major Gas Development Stalls
...lay in gas substitution for power generation, which vies for gas feedstock with the petrochemicals sector and desalination plants, will eat into volumes of crude oil available for export in the future at a time when Saudi refining capacity is set to rise by 1.2mn b/d by 2017. Total oil burn, in...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Qatar And China Strengthen Trade And Investment Ties
...ansformation in the coming years, when a number of Australian liquefaction projects are completed. Indeed, Australia is set to surpass Qatar as the world’s leading supplier of LNG in 2017. US LNG exports will follow Australia into the Asia Pacific market starting next year when Cheniere Energy’s first 4.5mn to...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Turkey Backs Gas, Renewables; May Take Nuclear ‘In-House’
...ojects either under development or planned due to raise this to 72.3GW by the end of 2017. Turkey’s total projects pipeline amounts to 22.3GW, including 9.2GW of nuclear and 8.8GW of additional coal-fired capacity from 2020 onwards. Gas, Wind And Geo The latest project to reach the construction st...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Abu Dhabi Wraps Up Finance For Mirfa IWPP
...4GW nuclear plants at Barakah, due online in 2017-20. Abu Dhabi Water and Electricity Authority (ADWEA, 80%) and France’s GDF Suez (20%) are targeting a phased start-up during 2016-17. Whether similar large-scale gas-fired capacity is sanctioned in the future may depend on UAE’s ability to so...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Is $90/B The New $100/B For Saudi Arabia?
...ll produce 200,000 b/d. The 250,000 b/d Shaybah expansion is due to be completed in 2015 and Khurais in 2017, according to Aramco’s work schedule, ensuring that Saudi Arabia can maintain its current production capacity beyond the end of the decade. OPEC Demand Forecasts OPEC’s WOO expects gl...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
GCC Aid For Egypt Benefits Gulf Independents
...w blocks, taking two in the Nile Delta. The company last month said it had been paid $47mn (in Egyptian pounds) by Cairo, although $11mn of this has been ring-fenced for spending on its plans to expand its Egyptian output to 160mn cfd by 2017 (MEES, 24 October). Under the deal Dana Gas is allowed to ex...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Jordan Looks To Slash Deficit In 2015 Budget
...e objective of controlling and boosting the efficiency of public spending. The budget estimates annual GDP growth at 4% in 2015 (in line with the IMF’s latest estimate) and 4.5% for 2016 and 2017. On the expenditure side, current spending is estimated at JD6.9bn ($9.729bn), up 2.9% from 2014, ma...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014