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Algeria On Track For $11bn Deficit Despite Gas Export Boost
...esent a positive picture, at least compared to the disaster years of 2015 and 2016, when the country notched up trade deficits of $17.0bn and $17.8bn respectively, the two highest figures on record (MEES, 20 January). The first half of 2017 saw a trade deficit of ‘only’ $4.85bn, less than half the H1 2016 fi...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Mauritania: 15 Tcf Tortue FLNG Targets 2021 Start Up
...ars. In addition to being the largest discovery of 2017 in creating a second LNG hub in the region, the Yakaar results further de-risk the key play elements of the basin… Subsequent wells in our drilling program [have] a similar geologic setting,” Mr Inglis says. But with “~75% of undrilled pr...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Iraq Eats Into Saudi Share Of Key Crude Markets; Stage Set For Tense Opec Meet
...d-2016 output before the Opec deal came into effect) have consistently fallen since. For June the same four buyers took just 3.68mn b/d of Saudi crude, the lowest volume since September 2015 (see charts). Looking at the collective shift between Q1 and June 2017 for the three key east Asian importers, th...
Volume: 60Issue: 31Published at Fri, 04 Aug 2017 -
KRG Struggling To Make IOC Payments As Prepayments Dry Up
...s committed to. Production is expected to average around 5,000 b/d in the second half of the year. The Sarqala-2 well will provide an output boost, but won’t be spudded until H1 2017. There has been no update on Western Zagros’ other Kurdistan asset, the Repsol-operated Kurdamir block. A field de...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Aussie LNG Boom Squeezes Qatar In Core Asian Markets Amid Lackluster Demand
...stomers is also set to be completed by the end of 2017. Similarly, Qatar has strengthened ties with Pakistan through a 15-year deal for the supply of 3.75mn t/y of LNG. This was recently topped up with a 1.3mn t/y deal with GEIL for a 20-year period from 2018 (MEES, 15 July). The deals are un...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
EU-Algiers Political Efforts Out Of Touch With Market Realities
...cording to the IEA’s estimates, way below Sonatrach’s claims that the country can export 65 bcm/year by 2017 (MEES, 5 June). THE LNG FACTOR The IEA expects gas demand from its European members (most EU countries, plus Norway, Switzerland and Turkey) to edge up to an annual 500 bcm by 2020, up 18 bc...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
The US Shale Gas Revolution: A Threat To Gulf LPG Exporters
...port, according to the Oxford Energy report. Both Qatar and Abu Dhabi are major LPG exporters, but like Saudi Arabia, the amount of LPG set for export will increasingly be limited by booming domestic petrochemicals industries. Qatari LPG exports will plateau at between 10-11mn tons/year through 2017...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
Turkey-Israel Gas Deal Faces Growing Political Obstacles
...vid Stover, President of Leviathan’s Houston-based operator Noble, last week gave the first indication that Leviathan would not begin production in 2017 but rather 2018, as the company attempts to “balance the technical and marketing pieces with necessary regulatory approvals”. A final investment de...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Qatar Faces Challenging, Rapidly Changing, LNG Market
...mn t/y by 2020 – allowing for slippage on the 61.8mn t/y under construction due onstream by 2017. The next plant to start up comes onstream in 2015. North American shale gas production poses a long-term threat to Qatari dominance. Three US LNG projects totaling 5.6bn cfd of gas production ca...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013