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Qatar: Oil & Gas Revenues Edge Up But Hit By Ratings Downgrade
...phtha exports surged to a record high in Q1, while Jet-Kero exports hit their highest level since Q2 2014 and Qatar exported diesel for the first time since January 2015. All this happened despite major problems at the 140,000 b/d capacity Pearl gas-to-liquids (GTL) plant which saw operator Shell run it at...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
LNG Supply Glut To Depress Prices For Years To Come
...Global LNG export capacity rose by 45% between 2011 and 2015 with 90% of this coming from the US and Australia. The “massive expansion” of Australian and latterly US export capacity, particularly since 2014 “just as demand slows” means “global gas prices are set to stay under pressure” for th...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Algerian Gas Exports Face Rollercoaster Ride In Core Italian Market
...liveries into Italy during 2013 and 2014 due to weaker demand, by maintaining the same oil-indexed gas price formula, this deal ended in December 2015. This was replaced by another agreement with Eni which this time also involved price formula changes, as well as volume reductions. Sonatrach was long re...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Japanese LNG Imports, January-April 2016: Australia Consolidates Top Spot As Qatar Takings Collapse
...PORTS FROM QATAR FELL TO JUST $242MN IN APRIL, LESS THAN A SIXTH OF JANUARY 2014’S RECORD FIGURE ($MN/MONTH)...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Egypt Goes Import Crazy In Bid To Curb Power Cuts
...intenance between October 2014 and May this year while more than 3.6GW was added to the national grid. This more than meets the estimated power deficit of 2.5GW, according to Mr Yamani (see p8). The budget of state gas firm EGAS to import LNG for the 2015-16 financial year which starts on 1 July will be...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Cyprus Shuts Gas Tender
...s. The tender seeks gas volumes rising from 19.5-30.4 trillion BTU in the first year to 25-43 trillion BTU by 2025. First gas is to be delivered between 1 January 2016 and 30 June 2017, with DEFA thought to favor bids that stipulate an earlier start date (MEES, 18 April 2014). MEES understands th...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Iraq To Revise Pipeline Route To Jordan
...nsortium was formed last year and asked to submit a preliminary technical proposal for the project, known as the Strategic Crude Oil Export Pipeline Infrastructure Project. This was shelved when IS, then known as ISIS, launched a lightning offensive capturing Iraq’s second city of Mosul in June 2014. IS la...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
LNG Market Faces Considerable Demand Upside Amid Low Prices
...is month for more LNG shipments via its floating storage and regasification unit at the Red Sea port of Ain Sukhna (MEES, 29 May). While the Damietta LNG plant was closed at the end of 2012, only six LNG cargoes were exported in 2014 from Egyptian LNG causing volumes to collapse to 0.33mn tons. Th...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
QNB Optimistic LNG Market Will Continue To Favor Qatar
...me Cap (mn t/y) Company (-ies) Start Year Algeria Arzew - GL3Z (Gassi Touil) 4.7 Sonatrach 2014 P.N. Gu...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Cyprus: Eni Plans September Drilling, CNOOC Eyes Aphrodite Stake
...orouk Offshore, awarded last year (MEES, 19 April 2013). Total last year completed a 3D seismic survey on Block 11 and kicked off a 2D survey on Block 10 in February 2014. Cyprus Offshore Blocks...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
IEA Sees $735Bn Investment In Evolving LNG Market Through 2035
...oject anywhere in the world which cannot pass this test needs to be reexamined or postponed.” Market Outlook The gas market will see gradual changes through 2035, as high costs will make some projects unviable from investor, as well as buyer perspective. The IEA’s Medium-Term Gas Market Report 2014...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014