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Oman LNG Records Rare Output Rise, But Revenue Falls Regardless
...ound 50% of its output most years. But prices of Omani LNG to South Korea fell some 37% last year to just $7.38/mn BTU, more than $10/mn BTU below 2014 levels. Little wonder that revenues fell nearly $700mn last year to its lowest level since 2004. The LNG revenue fall exacerbated the squeeze on go...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
What’s Next For Sonatrach Sales Deals?
...rtfolio. The recent rebound in volumes comes after weaker demand in Italy following the 2008 financial crisis. Italian imports of Algerian gas fell from a peak of 25.2 bcm in 2010, to 11.9 bcm in 2013 and 6.8 bcm in 2014, following a ‘holiday deal’ between Sonatrach and Eni to reduce offtake due to lower It...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Algeria’s 2016 Gas Export & Output Records – Are They Believable?
...DICATED) 2016 vs 2015 2010 2011 2012 2013 2014 20...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Kuwait Seeks More LNG, Strives To Hike Domestic Gas Output
...Already the MENA region’s top LNG importer, Kuwait is powering ahead with plans to secure extra supplies to meet growing gas to power demand as it looks to capitalize on slumping prices. Prices have fallen by approximately $8/mn BTU to around $4/mn BTU since 2014 according to Kuwait Pe...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016 -
Mid-East LNG Demand‘A Driving Force’ In 2015
...4% to 105mn tons in 2015, a 43% global share down from 47% as recently as 2013 (see table). Output from dominant producer Qatar – which alone provides 32% of global supplies, steady with 2014 – edged up to a record 78.4mn tons in 2015. But Australia is set to challenge Qatar for top spot over the ye...
Volume: 59Issue: 14Published at Fri, 08 Apr 2016 -
Israeli Court Ruling Pushes Leviathan Back Further
...om the field and seek arbitration. Israel’s upstream sector has been stuck in stasis since the end of 2014 when the former antitrust commissioner ruled that Noble and Delek were operating as a monopoly offshore Israel (MEES, 2 January 2015). The two firms currently operate all of the country’s ke...
Volume: 59Issue: 13Published at Fri, 01 Apr 2016 -
Oman’s LNG Strategy Hinges On New Supplies, Production
...OMAN Oman’s LNG Strategy Hinges On New Supplies, Production Oman has a tough future as an LNG exporter. Lower prices and growing domestic demand mean volumes and revenues both fell for 2014, and are set to fall further. Oman’s LNG exports were lower than expected in 2014 amid gr...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
MENA LNG Exporters Set To Lose Market Share
...ALGERIA/UAE/REGIONAL MENA LNG Exporters Set To Lose Market Share Algeria and Abu Dhabi were the only MENA LNG producers recording an increase in exports in 2014, according to the latest statistics from the International Group of LNG Importers (GIIGNL). Algeria helped boost supply fr...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Political Differences Aside, UAE Taps Iran For Possible Gas Supply
...o over price (MEES, 15 August 2014). DUBAI-IRAN TRADING LINKS The UAE has mixed feelings about Iran and the prospect of its rehabilitation into the world order, should a framework agreement with world powers to curb its nuclear ambitions conclude with a comprehensive accord at the end of Ju...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Noble Piles Pressure On Israeli Authorities In Monopoly Case
...raeli government for scaring off Australian LNG experts Woodside, who last May backed out at the last minute from paying $2bn for a 25% stake in Leviathan (MEES, 23 May, 2014). “One factor contributing to Woodside’s withdrawal was their inability to reach agreement with the Israeli government on va...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Kuwait LNG Plans
...exibility to supply LNG during periods of high seasonal demand in summer. KNPC signed a five-year contract with Golar LNG to charter a floating storage and regasification unit (FSRU) in 2014. The floating unit has an import capacity of 7.9 bcm/year (760mn cfd, 5.6mn tons/year of LNG), with a 170,000m3 st...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
MEES Interview: Former IEA Chief Nobuo Tanaka On Japan, Qatar and LNG Markets
...r the Advancement of Producer-Consumer Dialogue at the 2014 Abdullah bin Hamad al-Attiyah Energy Awards held in Doha on 8 April. MEES: How do you see the nuclear power sector in Japan going forward and the role of LNG in the supply mix? Tanaka: It’s a very important, difficult qu...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...INTERNATIONAL International Gas Union Sees Changing LNG Market After 2014 The Norway-based International Gas Union (IGU) sees continued LNG supply constraints ahead this year, during which time Qatar will remain the world’s top supplier of the super cooled gas. The global LNG ma...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Basra-‘Aqaba 1Mn B/D Pipeline Project Advances
...fshore Single Point Mooring Buoys (SPMs) to boost southern export capacity to 6.6mn b/d will be in place by end 2014, pledged Thamir al-Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission (MEES, 29 March). Two SPMs were installed by last March, but only one has been able to load at any one ti...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Shell Set For Major Fujairah Storage Lease
...veloped into a top global bunkering, storage and trade center and is of comparable importance and size to Singapore and Rotterdam. Expansion Plans It is expected to expand further: liquid fuel storage capacity is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013