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Iran Expands Crude Export Infrastructure
...ables tankers to “berth at nine newly overhauled loading arms without restrictions or technical hurdles” according to Iran Oil Terminals Company (IOTC). Iranian oil exports have ramped up since sanctions were eased in January 2016, with volumes in the first five months of 2017 up 30% year-on-year at 2....
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
Qatar Hydrocarbon Revenues Holding Firm in Q2 Despite Outages
...venues had soared in early 2017 thanks to the startup of the 146,000 b/d Ras Laffan 2 condensate splitter on 2 December (MEES, 2 June). But the impact of unscheduled maintenance on 146,000 b/d Ras Laffan 1 splitter in April is clearly shown by the latest data from Riyadh-based Jodi. However, the 15...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
US Becomes A Player In Asian LNG Trade
...ound a month is factored in: US volumes arriving in China for December 2016 through April 2017, at 539,000 tons, equate to the November-March volumes in the US stats. Similar comparisons also hold for Japan and South Korea (see chart). US GAS & LNG EXPORTS HIT RECORD VOLUMES IN Q1 *1 TON LN...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Qatar: Oil & Gas Revenues Edge Up But Hit By Ratings Downgrade
...drocarbon exports have got off to a strong start in 2017 with Q1 revenues up some 25% year-on-year at $13.8bn (see charts 1 & 2). But ratings agency Moody’s swiftly took the shine off of this by downgrading Qatar’s sovereign rating one notch to Aa3 on 26 May. RAS LAFFAN REVENUE BOOST Th...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Qatar Eyes 2.5gw Gas-Fired Power/Desalination Project
...mestic gas requirements will be met by the much-delayed Barzan development within the North Field. This is due online in 2017 and intended mainly for domestic consumption (MEES, 7 April). Barzan and the first post-moratorium development are each expected to deliver 2bn cfd of raw gas for processing in...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
LNG Supply Glut To Depress Prices For Years To Come
...kely price recovery. The IEA forecasts the US gas production will “remain relatively flat across 2015 and 2017,” with the fact “that it did not decline meaningfully in 2015 despite low oil and gas prices evidence of the remarkable technology and financial resilience of the US gas industry.” Po...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
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
...aborne imports. The Anbar instability has obviously delayed the project. Under the original plans, first oil through the pipeline was expected by the end of 2017 or early 2018. The original plans divided the project into two parts, a 2.25mn b/d BOOT contract and a 1mn b/d section from Haditha to Aq...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
LNG Market Faces Considerable Demand Upside Amid Low Prices
...pected to hit the market by 2017, adding to global current capacity of 301mn tons. Extra volumes are expected to come from the US, East Africa, Russia and Southeast Asia (see graph). However, lower oil prices are jeopardizing the economic viability of some proposed projects, which could result in ca...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
QNB Optimistic LNG Market Will Continue To Favor Qatar
...16 US Sabine Pass Train 4 4.5 Cheniere 2017 Australia Wheatstone LNG Train 2 4.5 Chevron, Kufpec, others 2017...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Analysis: Changes Ahead For Gulf LNG Importers And Producers
...stream and entering the Asia-Pacific market – a whopping 61.8mn t/y under construction is due onstream by 2017, although slippage is likely – and the possibility of mainland Europe switching to a gas pricing model indexed to (currently far lower) US domestic ‘Henry Hub’ prices and/or the UK’s National Ba...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Satorp Refinery Unlikely To Stem Saudi Product Imports
...location of production independent of Saudi Aramco. Significant product imports are likely to end with the start-up of a key new Red Sea refinery: the 400,000 b/d Yanbu’ Aramco Sinopec Refining Company (Yasref) plant. The IEA recently said Yasref will likely start up in 2017-18 (MEES, 17 May). Ot...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013