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China Deals Push Qatar LNG Back To Top Spot
...uivalent to China’s total spot purchases from Qatar over the 2014-2021 period. This was enough to lift spot sales to Asia by nearly 2mn tons to a six-year high 8.5mn tons, with modest gains also registered for spot sales to India and even Japan. Meanwhile, spot sales to Europe edged up by just 35...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Egypt Blackouts Led By Heatwave, Gas Shortages
...ports of piped Israeli gas. The blackouts bring to an end a near-decade long period of steady electricity. Recognizing the importance of steady electricity supply, President Sisi has invested heavily in upgrading the country’s power fleet since coming to power in 2014, with three CCGTs totaling 14.4GW of...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Kuwait’s Four Year Government Program Gets Little Support
...position-led assembly, only a handful of MPs showed support, rendering the passage of the approximately 30 proposed laws questionable. One law in particular saw almost unanimous opposition – the contentious Debt Law. Kuwait ran a series of eight consecutive budget deficits (see chart) between 2014/15 an...
Volume: 66Issue: 30Published at Fri, 28 Jul 2023 -
Japan’s PM Eyes Oil, Gas Cooperation From Middle East Tour
...G. The end-2021 expiry of Jera’s contract to purchase 5mn t/y of LNG from Qatar resulted in volumes plummeting. Having tussled with Australia and Malaysia to be Japan’s largest LNG supplier a decade ago, Qatari supplies have slumped from 16.14mn tons in 2014 to just 2.88mn tons for 2022 (see ch...
Volume: 66Issue: 29Published at Fri, 21 Jul 2023 -
Libya Oil Outages Highlight Continued Instability
...vel with late-2019 as the highest monthly figure since February 2014 (see chart 3). 1: LIBYA’S CRUDE OUTPUT LEVELS HAVE BEEN HIGHLY VOLATILE SINCE THE EARLY 2011 REVOLUTION (‘000 B/D)… *AS PER OPEC ASB FOR SOME YEARS (INCLUDING 2022) THIS DOES NOT TALLY WITH NOC’S BY-CONCESSION FIGURES. NA...
Volume: 66Issue: 29Published at Fri, 21 Jul 2023 -
Algeria Oil & Gas Revenues Fall Back From Record 2022
...*Algerian state firm Sonatrach earned $21bn in oil and gas export revenues for the first five months of 2023. On an annualized basis this equates to $50.8bn, well down from 2022’s 9-year high $60bn, but is still the second highest since energy prices tanked in late 2014 (see ch...
Volume: 66Issue: 28Published at Fri, 14 Jul 2023 -
Egypt Rig Count At 8-Year High As Western Desert Activity Ramps Up
...e highest since December 2014. However, to date there is little sign of an increase in output. Despite Apache and the Capricorn/Cheiron JV having focused drilling on oil-rich prospects rather than less remunerative gas (MEES, 30 June), the region’s oil output has yet to pick up: the latest figure of 28...
Volume: 66Issue: 28Published at Fri, 14 Jul 2023 -
Israel’s Leviathan: FID For 1.4bn Cfd Expansion, But FLNG Plans Stall
...own) and its then partners at the Tamar field came close to an agreement with a Korean consortium to secure an FLNG for Tamar expansion. A year later a deal to sell 25% of Leviathan to Australia’s Woodside also fell through – the deal had targeted FLNG for the field’s development (MEES, 23 May 2014...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Questions Over Australia’s LNG Future Open Opportunity For Qatar
...June). These alone added to current supplies would propel Qatar above Australia’s 2022 volumes. Should Australian supplies fail to return to 2021’s record levels, then Qatar could be challenging for the No.1 position in China in the second half of the decade for the first time since 2014. Qa...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023