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Qatar Shines Spotlight On OPEC Divisions As It Ends 57-Year Membership
...mbership. QATAR OIL & GAS INFRASTRUCTURE QATAR NOVEMBER OIL EXPORTS: CONDENSATE ACCOUNTS FOR 30% OF THE TOTAL ('000 B/D) SAUDI SCHISM This week’s Opec meeting was held 18 months and a day after the instigation of the Saudi-led blockade against Qatar on 5 June 2017...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Adnoc Adds To Gulf LNG Bunkering Plans With Inpex Tie-Up
...e third instance of a Gulf State announcing LNG bunkering plans. Qatar was the first mover, signing an agreement with Shell to develop LNG bunkering infrastructure “at strategic shipping locations around the globe,” although this would most likely be outside Qatar (MEES, 16 June 2017). QP CEO Sa...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Asian LNG Imports Up 14% In 2018... With Qatar Sales Up 9%
...ASIAN* LNG IMPORTS ROSE 14% FOR 10M18 (MN T): CHINA UP A WHOPPING 43% TO ALREADY TOP 2017’S ANNUAL RECORD OF 38.3MN T; KOREA, INDIA AND TAIWAN ALL ALSO ON TRACK FOR ANNUAL RECORDS BUYING FROM QATAR IS UP 9% Y-O-Y BUT STILL WELL DOWN ON RECORD 2013 LEVELS CHINA LN...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Algeria Set For $5bn 2018 Trade Deficit: As Good As It Gets?
...1.03mn b/d for the first nine months of 2018, output of condensate and field NGLs was down 5.6% at 472,000 b/d, whilst gas output fell 1.1% to 67.5bcm. The dip in gas production came despite key project start-ups at Reggane (MEES, 22 December 2017) and Timimoun (MEES, 2 March 2018). Whilst un...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Algeria Downstream Deals Reflect Sonatrach Strategy Shift
...Having ended transport fuel imports through a swaps deal, Sonatrach has bought an Italian refinery and is targeting overseas petchems. Abdelmoumen Ould Kaddour has adopted a pragmatic approach to Sonatrach’s downstream strategy since taking over as CEO in early 2017. He rapidly canned th...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Israel Electric Wants More Gas
...rch). Gas is rapidly edging out coal from the Israel energy mix. The gas share has soared to 80% gas versus 64.2% for 2017 (coal 32.3%, renewables 2.6%). IEC pays roughly $6/mn BTU for Tamar gas, and is trying to drum-up some competition to reduce the cost of electricity. It could find that di...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Jordan Bags $1bn Us AID…
...Jordan’s fiscal position is looking brighter with the finalization of a promised $1.08bn US aid package under a 4 December deal, up from 2017’s $812mn (MEES, 5 January). A $745mn grant – more than 1.5 times 2017’s grant of $475mn – will support the kingdom’s priority development projects li...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
…As Nepco Taps EBRD For $265mn
...er Libor. Nepco reported accumulated losses of $6.85bn for the year ending December 2017. The EBRD has lent Jordan more than $466mn since 2012 to fund 12 power sector projects. Jordan leads the Middle East in solar with 529MW and is second largest in wind with 285MW. Of this, 215MW was added in 20...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Qatar Petroleum Targets Transformation, Embargo Or No Embargo
...efficiently burning vast volumes of crude and fuel oil – an average of 500,000 b/d of each for the first nine months of 2017. That it is now actively considering gas imports could provide a major shot in the arm for gas exporters given its gargantuan appetite for energy. But Qatar is unlikely to benefit: ev...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Qatar Revives Plan For New Petchems Capacity
...neration’ chemicals and Qatar’s ready availability of naphtha suggest QP may be looking to follow Saudi Arabia’s Sadara JV in cracking naphtha as well as ethane. Qatar’s refinery, two GTL projects and two condensate splitters produced 132,000 b/d naphtha in 1-3Q 2017, of which almost all, 128,000 b/d, wa...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Energean: Karish, Tanin Go-Ahead Imminent
...cm/y of gas sales deals before taking a final investment decision (FID) and that it hoped to do so by the end of 2017. With the deals now signed, Mathios Rigas, Energean CEO says “we are aiming to progress with FID early in 2018.” Some in Israel have accused Energean of not being a serious outfit bu...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
China Demand Boost For LNG Sellers: But Will It Last?
...ijing’s coal-to-gas switching policy. With demand far outstripping volumes under long-term contracts, Chinese buyers have turned to flexible short-term volumes, including from the world’s top LNG producer Qatar which shipped 5.65mn tons in the first ten months of 2017, up 67% year-on-year. China’s ov...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Kuwait’s Downstream Diversification Strategy
...tchems long-term – on Oman’s Arabian Sea coast, to which it would supply 150,000 b/d, or 65% of the plant’s feed. With KPC exporting an average 2.03mn b/d of crude in HI 2017, the 350,000 b/d of crude secured for the Vietnam and Oman refineries represent over 17% of total exports. Talks for refining ve...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Bahrain $4.2b Refinery Deal
...ard EPCC in 1H 2017, with a view to having the plant fully operational by end-2020. Now TechnipFMC says the project is “slated for completion in 2022.” Bapco has recently been running the Sitra plant flat out, with 2016 crude throughputs averaging 261,000 b/d and throughputs for the first three qu...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Iraq Adds Upgrades To Gas-Fired Plans, Keeping Pressure On Rising Supplies
...e reason for the increased availability of gas for power generation has been reduced flaring. Although Iraq flared more than 60% of its gas in 2016, improved gas recovery – mainly by Basra Gas Company, which recovered 574mn cfd in 2016 and aims to reach 723mn cfd in 2017 and 1bn cfd in 2018 – en...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Saudi, Algerian Cuts Lead Opec to Six-Month Production Low in November
...ter starting 2017 with strong compliance, Kuwait is struggling to adhere to its production allocation. The planned start-up of 120,000 b/d light crude in Q1 2018 will pose serious questions about its commitment. OPEC WELLHEAD PRODUCTION, NOVEMBER 2017 (MN B/D, MEES ES...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Six Months Of Solitude: Qatar Crisis Threatens Future Of GCC
...aken at first, appears to have largely stabilized. With much of its imports previously sourced from, or transshipped via, Saudi Arabia and the UAE, it has had to swiftly secure new import routes. Monthly imports were relatively flat at around $9bn in the first half of 2017, but plunged to $5.9bn in Ju...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Tunisia Oil Output Rebound From Protests, Fundamental Problems Remain
...nisia, for whom their operations in the country were a key or the only asset, have either quit the country or gone bankrupt. The number of active permits fell to 31 at end-2015 and a mere 21 as of end-October. Ireland’s Circle went bust at the start of 2017 (whilst Canada-listed SDX bought Circle’s Egypt an...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
KRG Goes Fishing For New Investors, But Will They Bite?
...sily within the 31,000-35,000 b/d target range. The firm is considering boosting capacity to 55,000 b/d, which it estimates will cost around $17mn more over two years than maintaining current capacity, and eventually 110,000 b/d. But CEO Jon Ferrier tells MEES that his number one priority for 2017 is to...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
KRG Gas Export Plans Fade Away
...y, but progress is painfully slow. Even if a sales agreement is reached in Q1 2017, WesternZagros CEO Simon Hatfield doesn’t expect first gas until the second half of 2019. The KRG had indicated that gas from here and Repsol’s neighboring Topkhana field was earmarked for export to Turkey, but Mr Ha...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016