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Algeria: Could 2018 See An End To Deficits?
...nths of 2017, the first time this has happened for any two-month period since 2014. Algerian gas exports have rebounded strongly since September as domestic demand has eased whilst the country has looked to maximize gas output (MEES, 15 September). The start-up of new gas fields – output from the Re...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Saudi Targets Major Gas Gains, But LNG Imports Loom
...s the startup of the Wasit gas plant in mid-2016. Wasit has capacity to process 2bn cfd raw gas from the offshore Arabiyah and Hasbah fields, and produce 1.5bn cfd sales gas. 2017 will likewise secure gains as Saudi Arabia will benefit from a full year of the plant’s operations. SAUDI ARABIA GAS PR...
Volume: 60Issue: 50Published at Fri, 15 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 -
World’s #2 Lng Importer: With Another Record Month In Oct Will China Overtake Korea?
...KOREA HAS LONG BEEN THE WORLD’S #2 LNG IMPORTER. IT TOOK 33.5MN TONS IN 2016, SECOND ONLY TO JAPAN’S 83.3MN T. KOREA IMPORTS ARE UP 16% AT 30.2MN T FOR THE FIRST 10 MONTHS OF 2017… (MN T) BUT THAT’S NOTHING COMPARED TO THE 48% LEAP IN CHINESE IMPORTS. THESE HAD NEVER TOPPED TH...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Qatar Gets Flexible In Bid To Adapt To Brave New LNG World
...apt to this new world LNG order. As of end-2015 Qatar was the world’s largest LNG producer with 77mn tons/year of liquefaction capacity. But it will be overtaken by Australia during 2017 and likely by the US early next decade (see table 1). Since 2005 it has had a moratorium on new development of...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Eni Forces Sonatrach Gas Sales Concessions
...eakeven on our Gas and Power business, as we promised in 2017,” he adds. The renegotiated agreement covers almost 20% of the gas imported into Italy and is another step in Eni’s adjustment of its long-term gas supply contracts and optimizing costs in its gas and power unit, the company says. The deal fo...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
US Hikes 2017 Output Forecast As Firms Prepare To Raise Spending
...tlook for 2017 US crude output was looking bleak midway through 2016 as oil majors and oilfield services firms cut back on spending. But with oil prices now above the $50/B mark, the EIA has raised its forecasts for next year’s output. The US government agency’s latest Short Term Energy Outlook, re...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Traders Clean Up In Egypt LNG Import Tender
...is is almost 25% higher than the latest spot purchase price – $6.10/mn BTU for November – paid by leading global buyer Japan (MEES, 11 November). MEES understands that Q1 2017 cargoes have been awarded at a slope of 14-15% to Brent and 12% over the remaining cargoes. FSRU DELAY Oil Mi...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
What Does 2016 Hold For The Eastern Mediterranean?
...velopment plan for Zohr while UK-firm BP will be preparing for the 2017 start-up of its $12bn, 5 tcf West Nile Delta (WND) project, which will start paving the way for Egypt to become energy independent by the turn of the decade. Cyprus and Israel hope Zohr and by association, Eni’s exploration model of ta...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Leviathan: Stranded Between Low Prices And Anti-Netanyahu Backlash?
...te 2017,” Mr Davidson said (MEES, 2 May 2014). Mr Fisher now says the “timeframe from sanction to production” will be “anywhere from three to four years” – that is to say early next decade at best. Currently Tamar is Israel’s only producer with first phase capacity of 1.2bn cfd – production hit a re...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Bahrain LNG Plans
...er 9% up on 2014 and not far short of total capacity of 4GW. All Bahrain’s power plants burn gas. Earlier this year Bahrain announced a plan to add 1.5GW of generating capacity from 2017 at the Al Dur power and desalination plant. This week aluminum producer Alba also announced a plan to build a 1.35GW pl...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
QNB Optimistic On Qatar’s LNG Future
...troleum Exploration Company (Kufpec) – the overseas, upstream arm of Kuwait Petroleum Corporation (KPC) – has a 7% stake in the $29bn, 8.9mn t/y Chevron-led Wheatstone LNG project, set to come online in 2017 and later ramp up to 15mn t/y. QNB makes no mention of East Africa, where up to 80mn t/y – sl...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013