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Egypt’s Cheiron Tipped For Dana Assets
...oject is West El Burullus in the Mediterranean which it purchased from France’s Engie in 2017 (MEES, 19 April 2017). The block contains “two gas and condensate discoveries [which] are currently being developed with an expected first gas delivery in 2020,” the firm says. Output of around 100mn cfd will be...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Israel Scores Gas Diplomacy Breakthrough As Leviathan-Egypt Flows Begin
...is marked the start of Israel-Jordan gas deliveries indicate just how successful Jordan has been at avoiding publicity for the modest imports that began back in 2017. Those initial volumes were of gas from the Tamar field to Jordan’s Arab Potash plant on the Dead Sea. GEOPOLITICAL WIN-WI...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Leviathan Reserves Get ‘Contingent’ Boost
...reserves is the same as for 2P. But the difference is the lack of an approved economic development plan for the “contingent” volumes. Leviathan development only moved forward in early 2017 on the basis of a scaled-back version of what had been dubbed ‘Phase 1’ development: with just four pr...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Korea 2019 Crude Imports: Gulf Down As Usa Soars
...th 387,000 b/d as recently as 2017, have been zero every month since May when US sanctions ‘waivers’ expired (MEES, 28 June). *The Saudi slump in volumes comes despite Aramco last year taking 17% in Hyundai Oilbank, which operates the 650,000 b/d Daesan refinery south of Seoul (MEES, 20 De...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Kuwait Budgets For Mega Deficit In 2020-21
...curate, then it will run up a cumulative $144bn deficit over the seven years to March 2021. Its last budget surplus was $16.5bn in 2013-14. This is particularly problematic as the government has been unable to issue new debt since October 2017 due to legislative gridlock holding up the passage of a ne...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Qatar Inks Major LNG Contract With Kuwait
...awater were rejuvenated in the first half of 2019 (MEES, 10 May 2019). However, the projects have again been cancelled, with Kuwait Authority for Partnership Projects (KAPP) telling MEES it hopes they will be retendered soon. KUWAIT LNG IMPORTS (MN T/Y) HAVE DIPPED FROM THEIR 2017 HIGH, WHILE QATAR'S MA...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020 -
Global LNG: China Challenges Japan As Top Importer
...certainties suggests that Japan is likely to retain top spot for 2020 at least. *China’s 2019 gains are well down on 2018’s whopping 40%. Indeed, the key winter for the coal-to-gas heating switch was 2017-18. Year-on-year gains in LNG imports peaked at 59% in Q1 2018 and have fallen in every quarter si...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020 -
Gulf States Call For De-Escalation Of Regional Tensions
...ES, 8 December 2017). Saudi Arabia’s deputy minister of defence Khalid bin Salman – brother of de facto leader Muhammad bin Salman – wrote on Twitter on 8 January that “the Kingdom and its leadership always stand with brotherly Iraq and its dear people,” adding that Saudi Arabia “will do everything in...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020 -
Egypt: BP’s Raven Delayed
...re brought online in March 2017 but saw output rapidly decline, falling from 640mn cfd for 2017 to 380mn cfd for 2018 (MEES, 15 March 2019). BP hopes overall WND plateau output will reach 1.4bn cfd once all three phases are brought online. This equates to 22% of Egypt’s current 6.3bn cfd gas ou...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020 -
Tunisia Gas Output At Record Lows
...the region, implements a 2017 agreement to over pay and working conditions. ...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020 -
US LNG Exports Hit New Record
...ns for 11M19, already well ahead of 2018’s annual record of 2.35mn tons) a clear second. China, with 1.99mn tons was the US’ second largest overseas market in 2017 after South Korean) volumes collapsed in the second half of 2018 with the onset of a still-ongoing trade dispute; just four cargoes sa...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020 -
Taqa Completes $3.5bn Refinancing
...ter oil prices collapsed in 2014. This focused on cutting capital expenditure and reducing debt (MEES, 17 November 2017). Taqa’s main business segments are power and water, mainly in the UAE but also internationally, as well as upstream oil and gas. Upstream Taqa has producing operations in Iraqi Ku...
Volume: 63Issue: 02Published at Fri, 10 Jan 2020 -
Iraq Books Record Exports In 2019, Plans To Advance Jordan Pipeline In 2020
...s taken center stage, with widespread accusations of corruption against key ministries including the oil ministry. In any case bureaucratic inefficiencies (among other things) have limited government spending particularly on much-needed infrastructure, enabling Baghdad to run budget surpluses in 2017...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Israel’s Leviathan: Deliveries Start, Controversy Remains
...viathan in 2010 but struggled for years to get the sales deals in place to support even Phase-1 development under which output is slated to hit 1.2bn cfd later this year. It finally took FID in 2017. Noble has 39.67%, partnered by Israeli firms Delek (45.33%) and Ratio Oil (15%)....
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Ground-Breaking Mena Power Plants Due Online In 2020
...id as well as to power the mining and processing operations. Estonia’s Eesti Energia is lead developer, but sold part of its stake to China’s coal power plant operator Yudean to secure Chinese financial backing (MEES, 28 April 2017). Much of Kuwait’s recent power capacity expansion has been ad...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Oman: Petrofac Bags PDO Awards
...tegrated oil and sour gas project. At the Mabrouk NE project – one of Oman’s more exciting new developments – Petrofac signed a 10-year framework agreement in 2017 and was awarded a pipeline construction deal there in June (MEES, 14 June 2019). The newest EPC contract covers a 34-month development of 16...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Egypt Nuclear Award
...th Rosatom in late 2017 to go ahead with the project. The first reactor is scheduled for start-up in 2026 and all four are expected to be fully operational in 2029. Construction of the first reactor is expected to begin in 2020. Dabaa will mainly be funded by a $25bn loan from Moscow covering 85% of th...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Algeria To Italy Gas: 2019 Slump, December Leap
...LUMES WERE STILL LITTLE MORE THAN HALF 2016 & 2017 LEVELS (BCM) SOURCE: SNAM RETE GAS, MEES. ...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
GCC Gas Integration: More Than Just A Pipe Dream?
...rough a 2bn cfd pipeline. Flows have continued despite the onset of the Qatar embargo in June 2017, with Dolphin reporting exports of 2bn cfd in 2017 (MEES, 9 June 2018). Rates have stayed flat in 2018. The rationale for gas integration has long been clear. Qatar and Oman aside, the GCC countries have fa...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Genel Farm-In Boosts Development Prospects At Chevron KRG Blocks
...0,000 b/d Tawke license (DNO 75%op, Genel 25%) has fared better. In Chevron, Genel gains a world class partner whose technical expertise could perhaps help avoid geology-related declines that have previously plagued Genel (MEES, 31 March 2017). “We are delighted to have been chosen as a partner to Ch...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019