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Qatar Looks To Bolster Share Of Taiwan LNG Market
...Australia edged out longtime number one Qatar as top LNG supplier to global number five importer Taiwan for the first half of 2021. Qatar has been top in Taiwan for every year since 2011. But its lead over Australia narrowed from 2.3mn tons for 2018 to just 0.4mn tons for 2020. For 1H 20...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Egypt Raises Power Prices, Waiting on Fuel Prices
...vels (see chart 1). For March, household electricity use was 4.62TWh, the lowest March use since 2013 while the previous month’s 4.33TWh was the lowest February figure since 2011. Egypt power demand typically peaks in the sweltering summer months. 1: EGYPT HOUSEHOLD POWER USE FELL TO A MULTI-YEAR LO...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Sparks Fly As Saudi-Emirati Economic Competition Intensifies
...latively recent development. Bilateral relations between the neighbors have traditionally been more fraught, and it was arguably the start of the ‘Arab Spring’ in 2011 which caused their geopolitical priorities to converge. The relationship then deepened with the rise to power of Saudi Arabia’s Crown Pr...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
GCC Rig Count Stuck At 10-Year Low Levels For 1H 2021
...e higher than the 9-year quarterly low seen in Q4 last year (see chart 1 and MEES, 18 December 2020). As such the average figure of 184 for 1H 2021 was the lowest half-year figure since 1H 2011. 1: THE GCC RIG COUNT AVERAGED JUST 184 FOR 1H 2021, THE LOWEST HALF-YEAR FIGURE IN 10 YEARS AND LI...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Libya’s Gas Exports To Italy Collapse To Zero On Plant Outage
...en their output curtailed. *The outages, coupled with already lower supplies so far this year, mean Libya’s first half 321mn cfd exports to Italy were lowest since the 2011 revolution (see chart 2). Natural decline at Wafa and Bahr Essalam, as well as soaring domestic consumption continue to we...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
BP Drilling Offshore Egypt
...REAGE Output at BP and Eni’s offshore Nile Delta fields peaked in 2011 and continues to slump: Ras El Bar output fell 20% to 107mn cfd for 2020 whilst El Temsah was down 23% at 136mn cfd (see chart and MEES, May 21). GAS OUTPUT FROM ENI & BP’s OFFSHORE NILE DELTA CONCESSIONS PEAKED IN 2011 AND FELL 29...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
Audit For Libya’s Central Banks
...estions related to the alleged squandering of Libya’s oil revenues since 2011. London-based Deloitte will carry out the audit which will “commence as soon as possible.” ...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Chevron Arrows In On East Med With $5bn Noble Takeover
...al will benefit Cyprus where Noble (35%op) partners Shell (30%) and Delek (30%) at the 4.1tcf 2011 Aphrodite discovery. The official plan is for late-2022 FID and for first gas in 2025. But this now looks ambitious (MEES, 26 June). The favored development option is tie-back to Egypt’s Idku LNG pl...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Wanted: A Stable Tunisian Government
...rked the end of Tunisia’s 11th government since the 2011 revolution. And there is little hope the next one will prove more durable, never mind effective. October parliamentary elections produced a deeply fractured 217-member assembly that took almost five months to agree on a government (MEES, 21 Fe...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Israel’s Delek Drilling Eyes $2.5bn Leviathan RBL Facility
...so has around 26% (22% directly, 3.8% indirectly – see chart) of 11.9tcf Tamar which it is obliged to sell by end-2021 under a 2016 anti-trust ruling (MEES, 19 August 2016). The firm’s only other significant assets are 30% of Cyprus’ undeveloped 4.1tcf 2011 Aphrodite discovery (MEES, 26 June), and th...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Algerian Gas To Italy & Spain Sees First Half Crash
...rst half, the lowest figure since Medgaz’ 2011 start up. Algeria is uneasy with the fact that the Moroccan section of the GME reverts to Rabat’s control next year. In anticipation of this, state-oil giant Sonatrach purchased a controlling stake in the Medgaz pipeline earlier this year and is wo...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Tethys Oil Expands In Oman With Extra Southern Block
...,000 b/d Blocks 3&4. Athens-based CCED holds 50% and Japan’s Mitsui holds the remaining 20%. Outside Blocks 3&4, Tethys’ only other producing asset is a 25% non-operating stake in a small Lithuanian field, netting it less than 100 b/d. Blocks 3&4 began pumping in 2011 and gradually ramped up to an an...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Taiwan Crude Imports: Total & Mideast Volumes Stay Low
...y major importer, suggest the world is in for a long slog in terms of the rebound of oil demand from Covid-19. At an average of 790,000 b/d for the first half of 2020, volumes are down almost 14% year on year (see table), putting the country on pace for the lowest annual figure since 2011. And th...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Saudi Oil Sector Feeling The Strain Of Opec Cuts
...fined products have averaged just 290,000 b/d this year, against 913,000 b/d for 2018 as a whole. If this persists over the course of the year, it would be the smallest rate of imports since 2011. Despite this and the recent decline in refining run rates, exports of refined products remain co...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Sisi Approves Cyprus Pipeline
...lek (30%) agreed last month with Nicosia to revise the terms of a production sharing contract signed for the field (MEES, 7 June). This was seen as a major breakthrough to finally develop the 2011 discovery, although first gas is still not slated until 2025, following the completion of further ap...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Libya’s NOC Hopes For The Best, Plans For The Worst
...nching well below its weight. In the five years leading up to the 2011 ‘revolution’ the country’s output averaged 1.65mn b/d (see chart). Mr Sanalla, the National Oil Corporation (NOC) chairman, in a wide-ranging exclusive MEES interview in Vienna on 30 June (see transcript, p9) said “we have more th...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
‘Working 25/7’: Libya’s Oil Chief Sanalla Sits Down With MEES
...fline since the revolution in March 2011. Eight years. So our staff, they did good work for maintenance and we hope that we won’t see any problems. Also our polyethylene plant was offline for a long time. This will stimulate the local economy and will make the harbor operational again. Q: Can you co...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
Upstream Capex Edges Up But Recovery Remains US-Focused
...ght at the end of June, significantly less than the record 50 at the end of June 2011. SERVICES FIRMS REVENUE ($BN): MIDEAST REVENUES UP BUT SHARE DOWN AS NORTH AMERICA OPERATIONS GO FROM STRENGTH TO STRENGTH PERCENTAGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL NUMBERS ARE PE...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
LNG Start-Ups To Peak, Then Slump
...nce. The IEA estimates that investment in liquefaction will be just $16bn this year, the lowest level since 2010. • And much of this represents the tail end of start-up investment in mega-projects approved in the 2011-14 boom years. Two key Australian projects, 8.9mn t/y Ichthys operated by Ja...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
Sudans Hope For Output Gains From Cooperation
...transit payments for the use of Sudan’s oil export infrastructure and overdue payments towards the $3.028bn agreed in compensation for Sudan’s loss of oil resources and infrastructure when the south became independent in July 2011. But Mr Gatkouth’s claim always appeared based on some overly op...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018