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Chevron Closing In On East Med Expansion Decisions
...velopment plan can be formulated that will see the country belatedly become a gas producer well over a decade after Aphrodite’s 2011 discovery. Nicosia will be encouraged by NewMed presentation material which indicates that the most likely scenario for Aphrodite development is tie-in to a Leviathan to Id...
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
Egypt Fuel Oil Burn At 4-Year High As Cairo Prioritizes LNG Exports
...y managed to maintain LNG exports at near-record levels. Egyptian LNG exports of 3.31mn tons for the first five months of 2022 – with an average of 1.12bn cfd of gas delivered to the country’s two LNG plants – are up 10% year-on-year and put 2022 on track for the highest LNG exports since 2011 ac...
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
Zohr Production Cap Pushes Egypt Output Lower
...rminals in years to come (see p12). Egyptian LNG exports of 3.31mn tons for the first five months of 2022 were up 10% on the year-ago figure of 3.02mn tons to put 2022 on track for the highest LNG exports since 2011 according to figures from data intelligence firm Kpler. A key change from recent years is...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
TotalEnergies First Again With Qatar LNG Expansion Deal
...untry’s civil war, and there has been no production in Syria since December 2011 because of the conflict there. A recent truce in Yemen has at least raised hopes of a potential restart there (MEES, 6 May), but Syria offers less optimism (see p12). As a result, TotalEnergies’ net Mena gas output has dr...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
East Med Power Politics As US & EU Officials Fly In
...ttle on its previous claim submitted to the UN in 2011, although this would still require Israel to cede 860km² of disputed waters. It is unlikely that Israel will accept Beirut’s new proposal but rising tensions and the lack of an agreement on where the maritime border between the two countries li...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Libya’s NOC & Repsol Eye Q3 Drilling
...vels are unclear. Repsol CEO Josu Jon Imaz last put flows at 70,000 b/d in late April (MEES, 29 April). Exploration drilling has been few and far between in Libya since the 2011 overthrow of Gaddafi and the ensuing chaos. As such any return to drilling would be a huge win for Libya’s plans to mo...
Volume: 65Issue: 22Published at Fri, 03 Jun 2022