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Algeria On Track For $11bn Deficit Despite Gas Export Boost
...e fall particularly marked in Q2 (see chart). Revenues from number four customer the USA were up 22% in H1 2017. The US took 76,000 b/d of Algerian crude in Jan-May 2017, higher than any annual average since 2012 (though Q4 2016 saw 132,000 b/d). Volumes dwindled to near zero in 2014 and 2015 as...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Saudi Crude Exports At 33-Month Low As Refineries, Power Plants Take More Crude
...arply, to just 6.89mn b/d in June, their lowest level since September 2014, as refineries process just below record levels and direct crude burning in power plants rises seasonally (see charts and p8 for full data). The decline in Saudi crude exports is giving Iraq and Russia in particular a chance to...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
Aussie LNG Boom Squeezes Qatar In Core Asian Markets Amid Lackluster Demand
...ar (from around 5% last year) and against around 5% for Qatar. The growth in Chinese LNG imports slowed down over the past couple of years, settling at around 19.60mn tons in 2015, following the dramatic increases in recent years and compared with 19.85mn tons in 2014. Qatari sales to China, at 2....
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Oman Faces Uncertain LNG Supply Future
...OMAN Oman Faces Uncertain LNG Supply Future Omani exports of liquefied natural gas (LNG) to key Asian customers are expected to drop further this year after falling by 11% in 2014, as demand continues to slow in East Asian economies – a trend that is also being faced by other LNG su...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
LNG Demand Outlook Looks Bearish As Japan Restarts Nuclear Plant
...pecially given that a flood of new LNG supplies – from Australia and the US in particular – are set to hit world markets over the next couple of years. In the wake of the disaster, Japan, the world’s largest LNG importer, increased buying by 18.5mn tons/year between 2010 and 2014, from 70mn tons to 88...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
JAPANESE LNG IMPORTS 2005-2015
...VOLUME (mn tons) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
EU-Algiers Political Efforts Out Of Touch With Market Realities
...om power and petrochemicals plants within the country have eaten into the volumes of gas available for export. Falling gas export volumes and the halving of oil prices saw export revenues fall by a massive 42% between the first half of 2014 and 2015 (MEES, 31 July); and with gas prices lagging those of...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
The US Shale Gas Revolution: A Threat To Gulf LPG Exporters
...r 2014 and 2015 will see US LPG exports to Japan increase. Korean firms are negotiating contracts to import LPG as well. Threat To Pricing The basis of US LPG prices differs entirely with that of Gulf LPG exports, a dynamic that will put pressure on margins of Gulf sales into Asia. Saudi Ar...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
Suez Canal No2 Planned
...r both 2012 and 2013 and $2.63bn for the first six months of 2014 (MEES, 25 July), around 8% of total government revenue. Egypt hopes that the expansion plans will dramatically increase revenues: by 2023 the expanded route could bring in around $13.5bn, a Suez Canal authority official tells Re...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Iran Gas Supply Deal Back On For Gas-Hungry Oman
...oduction from which, Iran says, could begin as early as March 2014 – although MEES views this timetable as rather unrealistic (MEES, 24 May). “We had a number of issues in the past about putting up a pipeline, but both countries are still very keen to see that project [be implemented],” Mr Rumhy sa...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Golar LNG To Supply FSRU Units To Jordan, Kuwait
...th Excelerate Energy, set to expire this year. Golar will send its 170,000 cubic meter Golar Igloo to Mina al-Ahmadi port and hydrocarbons hub in 4Q13 with operations to begin in March 2014. Kuwaiti state firm KNPC will use the FSRU to import LNG nine months per year but will allow Golar a three mo...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013