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Taiwan 2017 Crude Imports ('000 B/D): UAE Volumes Up 70% Year-On-Year, Iran Down 15%
... TAIWAN 2017 CRUDE IMPORTS ('000 B/D): OPEC MAINTAINS STRONG SHARE DESPITE PRODUCTION CUTS SOURCE: TAIWAN IMPORT STATS, MEES CALCULATIONS....
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Total Deepens Algeria Ties
...gned a deal ending legal action brought by the French firm against Sonatrach in 2016 for changes made 10 years earlier to profit-sharing terms on its oil and gas contracts in the country (MEES, 21 April 2017). April’s Total-Sonatrach deal not only allowed the partners to “amicably” resolve the di...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Iranian Oil Exports Hit Pre-Sanctions Levels As European Share Grows
...Iran produced an average of 3.79mn b/d of crude in 2017, up 10.5% on 2016, with output reaching 3.83mn b/d last month. Not surprisingly export volumes are also up. Buyers of Iranian crude and condensate took just over 2.50mn b/d last year, edging above 2.47mn b/d for 2011, the year before US-le...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Adnoc Plans $3.1bn Ruwais Upgrade To Free Up Murban For Export
...Processing Upper Zakum instead of Murban would’ve raised $275mn more in 2017. Abu Dhabi state Adnoc has awarded a $3.1bn contract for a long-planned Crude Flexibility Project (CFP) to enable its Ruwais West refinery to process 420,000 b/d of Upper Zakum crude, freeing up more valuable Mu...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Qatar Sidesteps Trade Embargo With 20% Export Revenue Gain In 2017
...Qatar’s exports proceeded largely unimpeded in 2017 despite the Saudi-led embargo being in force since June. But failure to diversify its exports remains a major concern, as does a dependency on five countries for more than 60% of exports. Qatari export revenues soared 18% to $67bn in 2017...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
QP Goes Big Off Mexico
...erica as part of a “very defined” expansion strategy (MEES, 8 December 2017). Four of QP’s new Mexican assets are in a consortium with Anglo-Dutch major Shell (60% op, QP 40%), Blocks 3, 4, 6, and 7 in the Perdido Basin. This abuts the US border in proximity to the Whale deep-water discovery an...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Japan Big Winner As Saudi Arabia Cuts Crude Exports
...Saudi crude exports to its five key markets, Japan, China, the US, South Korea and India, edged down 2% in 2017. Though this is a more modest dip than the 4% fall to 9.97mn b/d in the country’s crude output and the 9% fall to 6.96mn b/d for Saudi Arabia’s overall crude exports, the kingdom ha...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Qatar Looks To Cement Role As Pakistan’s Top LNG Supplier
...come online in December 2017. PAKISTAN LNG IMPORTS MARCH 2015* TO JANUARY 2017 ('000 TONS)… *PAKISTAN BEGAN IMPORTING LNG IN MARCH 2015. ^NOT LNG PRODUCERS, IMPLIES RE-DIRECTED CARGOES. SOURCE: CEDIGAZ LNG SERVICE. … QATAR SUPPLIED 75% OF 2016 VOLUMES (MN T)...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
Egypt Secures 2017 LNG Needs
...Cairo moved this week to lock-in its gas needs for 2017 by signing a deal to take up to 45 LNG cargoes from Russian state oil giant Rosneft, France’s Engie and Oman state refiner Orpic’s commercial arm OTI, in a deal worth $1bn according to Oil Minister Tarek El Molla. This adds to the 12...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017 -
LNG: Australia Soars Past Qatar As #1 In East Asia
...pectation has to be that prices will again fall back with winter buying now over – especially seeing that key spot buyer Egypt now appears to have filled its 2017 requirements (see p5). ASIA’S ‘BIG 3’ see collective LNG IMPORTS rise 3.5% IN 2016 ON LATE-YEAR BUYING SURGE (MN TONS) SOURCE: IM...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017 -
Algeria Boosts Its Share In Spain’s Gas Imports In 2015
...taling 2.67mn t/y, with Iberdrola, Endesa and Cepsa. The 0.75mn t/y contract with Iberdrola is expected to expire in 2017, with the other two set to end in 2022. SKIKDA STILL OUT Algeria’s 4.5mn t/y Skikda LNG complex remains out of action for maintenance, according to reports. The mega train was ru...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Iran Eyes Growing Gas Shipments To Armenia, Turkey
...end $120mn on a new 400kV Armenia-Iran power transmission line. This would increase capacity from around 300MW to 1GW by 2018. Armenia’s Deputy Energy and Natural Resources Minister Hayk Harutyunyan said in October that he hoped the volume of Iranian gas imports would increase in 2017. Davood Manzoor, Vi...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
East Asian Importers Take Less LNG In 2015; Little Sign Of An Upturn In 2016
...uthwestern Japan (MEES, 30 October 2015). “We forecast Japanese LNG imports will be down by another 2.4mn tons in 2016 and by 2.2mn tons in 2017, driven largely by impacts from nuclear plant availability,” analysts at London-based Energy Aspects say in a recent note. GRAPH 1: ASIA’S THREE LARGEST LNG IM...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Sonatrach And Gazprom Revive LNG Supply Talks
...LNG cargoes (see below) – it so far has only one LNG production facility, at Sakhalin north of Japan, though a second at Yamal in the Russian Arctic is slated for 2017-18 start-up (MEES, 13 February). The latest deal would likely consist in a short- to medium-term agreement for deliveries on th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Oman Ramps Up Scope Of Sohar Plans
...d Korea’s LG (30%), plans to develop the complex in two phases. The PTA plant will have capacity to produce 1.1mn tons/year, while the PET plant will comprise two 250,000 t/y units, the first of which is due for completion in late 2017. FEEDSTOCK LINKS The PTA unit will process pa...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Total Takes The Long-Term View On Global Lng Markets
...the political and military crisis between Ukraine and Russia – we hope that this geopolitical context will change sooner rather than later. We are still hoping for a start-up in 2017-18. We have already incorporated Yamal LNG output in our portfolio, and we are expecting good news from the US on...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Oman Products Pipeline Plans
...ys for supply of products to distributors. The terminal and pipeline to Sohar refinery are scheduled to become operational in the first half of 2017. The pipelines will be reversible, with a computer-controlled buffering system to separate product streams. Orpic CEO Musab al-Mahruqi says: “As a mu...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Iraq Hires Big Law Firm To Thwart KRG Export Plans
...t to rise to 60,000 b/d later in the year and reach a plateau of 170,000 b/d by 2017. The project was delayed amid doubts as to whether the Russian company would be allowed to remain in southern Iraq, after it farmed into three production-sharing contracts in the Kurdish region. One of the junior pa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
LNG: Qatar’s Russian Strategy – Compete Or Collaborate?
...kyo, compared to almost 3 weeks’ from Qatar. This is scheduled for first phase completion by 2017-20. Gazprom may subsequently increase its capacity to 25mn t/y, but has not provided a specific timetable (MEES, 21 September 2012). Russia may also compete with Qatar in Europe if it goes ahead wi...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Oman Plans 2013 Tender For Duqm Liquids Terminal
...bruary, an official at the Port of Duqm Company (PDC) which operates and manages the port, said the tender for the new oil terminal at the Duqm Special Economic Zone (SEZ) would be floated before the end of the year, and that they hope for it to be operational by 2017. “We are now working on the fo...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013