1. ‘Welcome Change’ In Qatar’s LNG Export Strategy, Says Fesharaki

    ...ndow of opportunity for Qatar’s LNG marketing efforts: “An expected buyer’s market was turned into a mild seller’s market very quickly and the market promises to become tighter. Still, by 2017 another buyer’s market is likely to emerge.” Qatar has normally sought long term contracts with cu...

    Volume: 54
    Issue: 52
    Published at Mon, 26 Dec 2011
  2. Chevron’s Neutral Zone Steam Injection Project To Cost $10-15Bn

    ...mping up steeply from first steam injection in 2017 to 100,000 b/d by mid-2019 and 300,000 b/d by end-2021, reaching full output in about 2026. This would plateau for two or three years before falling to 300,000 b/d by about 2040. Production from the Neutral Zone’s four onshore fields, South Umm Gu...

    Volume: 54
    Issue: 51
    Published at Mon, 19 Dec 2011
  3. Final Phase In Battle Of The Caspian Gas Pipelines

    ...stern Thrace via Ukraine, Romania and Bulgaria. Ankara plans to make up for this loss by increasing its LNG imports to augment the flow of Russian gas via the Blue Stream pipeline until it can begin receiving the Shah Deniz Stage 2 gas in 2017. TANAP Twist The second of these developments was the an...

    Volume: 54
    Issue: 51
    Published at Mon, 19 Dec 2011
  4. Despite Claim Of Breakthrough, Climate Change Conference Makes No Real Progress

    ...e conference could not agree to draw up a new pact for the governance of carbon dioxide emission and therefore agreed to extend the existing 1997 Kyoto Protocol – due to expire in 2012 – by a further five years, until 2017. The US never ratified the Kyoto Protocol because it did not include re...

    Volume: 54
    Issue: 51
    Published at Mon, 19 Dec 2011
  5. Shah Deniz To Reach EU Gas Pipeline Decision By June 2012

    ...ogram. The Shah Deniz partners have said that the first Stage 2 gas will flow into Turkey in 2017, while the 10bcm/year capacity pipeline to Europe would be filled by 2019 at the latest. An apparent discrepancy between Mr Mammadyarov’s pronouncements and the consortium’s plans was addressed by Socar Pr...

    Volume: 54
    Issue: 51
    Published at Mon, 19 Dec 2011
  6. Gulf Arab Producers: We Can Guarantee Energy Security

    ...troleum (QP) to build a $6.4bn petrochemical plant to produce 1.5mn t/y of monoethylene glycol and 300,000 t/y of olefins (see page 17). If the final investment decision is taken the two firms will form a joint venture (Shell 20%, QP 80%) by the end of 2012 and start commissioning the plant in 2017. Qa...

    Volume: 54
    Issue: 50
    Published at Mon, 12 Dec 2011
  7. Sasol Moves Ahead With Uzbekistan GTL Plant

    ...cision on the 34,000 b/d plant – Sasol 44.5%, Malaysia’s Petronas 11% and state-owned gas producer Uzbekneftegaz 44.5% – will be taken in mid-2013. It would then start up in 2017-18, Ed Cameron, Managing Director of Sasol Synfuels International tells MEES. The consortium will buy dry methane – ma...

    Volume: 54
    Issue: 50
    Published at Mon, 12 Dec 2011
  8. QP And Shell To Develop $6.5Bn Petchem Complex

    ...oducts manufactured at the new facility will primarily be marketed into East Asian growth markets, the statement added. The project is due to begin operation in 2017. Speaking after the signing, Mr Sada said that the project was part of Qatar’s strategy of building its chemicals industry, and “re...

    Volume: 54
    Issue: 50
    Published at Mon, 12 Dec 2011
  9. Moody’s Assigns Aa2 Rating To Qatar’s Global Bonds

    ...Middle East Economic Survey VOL. LIV No 50 12-Dec-2011 QATAR Moody’s Assigns Aa2 Rating To Qatar’s Global Bonds Moody’s Investors Service on 6 December assigned an Aa2 rating to the Qatari government’s recent $5bn global bond offering in three tranches: $2bn due in January 2017...

    Volume: 54
    Issue: 50
    Published at Mon, 12 Dec 2011
  10. ECAs To Provide $10Bn Of ENEC’s Nuclear Facility Financing

    ...ggested that funding will be requested later in the year, given the amount of money needed to be raised and that this is a new sector, not only for the UAE, but the GCC. The first plant is expected to start operating in 2017. The other three plants are scheduled to be completed and operational by 20...

    Volume: 54
    Issue: 50
    Published at Mon, 12 Dec 2011
  11. Qatar Raises $5Bn In Bonds, Defying Unstable Market

    ...turity Amount ($Bn) Price (BPS Over Treasuries) Yield (%) Coupon (%) November 2011 Issue Jan 2017 2 225 3.18 3.125 Jan 2022 2 262.5 4.63 4.5 Jan 20...

    Volume: 54
    Issue: 49
    Published at Mon, 05 Dec 2011
  12. Engineering Firms Wait On West Qurna-2 Contract Award

    ...oject has been hard going, with demining, relations with local communities and negotiations with the joint operating committee all proving significant challenges, MEES understands. The West Qurna-2 development aims to hit its 1.8mn b/d plateau target by 2017. Statoil (15%) and state-owned North Oil Co...

    Volume: 54
    Issue: 49
    Published at Mon, 05 Dec 2011