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Iran LNG Plans Hamstrung By Domestic Demand, Lack Of Foreign Cash
...located 32bcm to reinjection in 2014. Of course in 2014 (and 2011, 2012 and 2015) demand for sanctions-hit Iran’s crude was low enough that Iran could afford to slash reinjection and still have enough oil to meet demand. The corollary is that last year as post-sanctions Iran sought to ramp up crude output to...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Algeria’s LNG Sales Shrink Further, Piped Gas Jumps 49%
...ruck in 2013 and 2014 between Sonatrach and Eni to reduce deliveries due to weaker demand in Italy (MEES, 16 December 2016). Flows through the Transmed pipeline that runs to Mazara del Vallo in Italy via Tunisia almost tripled from 7.2bcm in 2015 to 18.9bcm in 2016. The deal ended in 2015 and was fo...
Volume: 60Issue: 09Published at Fri, 03 Mar 2017 -
India Presses Buyers’ Advantage In Oversupplied LNG Market
...% for Q4 2015. These figures are way down on 82% for 2014-15 and a whopping 89% for 2013-14 (see graph). Qatari LNG exports to India were at 10.90mn tons for the 2014-15 fiscal year (ending in March 2015), down from 11.58mn tons the year before. Qatar’s share has fallen as other suppliers su...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Israel’s Leviathan: New Development Plan, Still No Anchor Sales Deal
...led in December 2014, envisaged a 16.5 bcm/year (1.6bn cfd) floating production storage and offloading (FPSO) vessel to be tied-back to shore – exactly where was left unclear (MEES, 27 February 2015). Delek now says that “according to a preliminary estimation, the cost of the whole Development Pl...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Moroccan LNG: GDF Suez Joins Shell, TAQA
...cember 2014) – enough to fuel 3GW of power generation capacity. The proposed LNG terminal forms part of Morocco’s wider plans to develop gas and power infrastructure worth $4.6bn. In addition to storage facilities, this will involve upgrading two combined cycle power plants of 150MW each, and in...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Fujairah Bolsters Bunkering Credentials
...jairah (MEES, 10 October 2014), which is also a delivery point for the Dolphin Gas pipeline that supplies Qatari gas by pipeline to Abu Dhabi, the UAE’s northern emirates and Oman – with Fujairah the jumping off point for the Omani section of the pipeline (see map, p3). VOPAK EXPANDS Vopak Horizon Fu...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
His Mission Accomplished, Qatar’s Attiyah Bows Out
...bsidies. “We cannot just sit and wait for the price to go up again. The scenario of doing nothing will not work.” NO SPENDING CUTS Doha said this week that it was adopting an oil price of $65/B for the 2014-15 budget. This now applies until end-December with Doha switching to a calendar year for fi...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Morocco Subsidies
...tail price of diesel, gasoline and fuel oil was raised by 14%, 20% and 27% respectively, yielding an estimated saving for the budget of 0.7% of GDP for the year. In February 2014 the authorities then ended subsidies on the domestic prices of gasoline and industrial fuel oil (excluding fuel used for el...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
US Production Hits Record 9.4mn B/D In February After Record 2014
...US Production Hits Record 9.4mn B/D In February After Record 2014 v 20...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Indian ‘Compliance’ Beginning To Hit Iran Oil Sales
...rea reduced purchases from December 2014 levels. And with Indian refiners under intense government pressure to cut their intakes of Iranian crude over the coming months to present – at least symbolically – an effort to comply with US sanctions on Iranian crude oil exports, this is a downward trend one ca...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Mideast Gas May Move To Europe If Russia Cuts Supply
...rtfolio. “On volume, we reached a significant reduction in our Algerian contract. This has allowed us not only to avoid further take-or-pay, but even to recover 3.5 bcm of makeup gas,” Mr Alvera says. Eni’s deal with Sonatrach to cut drastically its Algerian gas volumes lasts until October 2014, Mr Al...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Kuwait LNG Plans Advance
...rk with a local partner and expects to complete its work in October 2014. Foster Wheeler previously completed a feasibility study for the terminal and helped KNPC select technology for the project and choose the terminal’s location. KNPC plans to commence LNG imports at the terminal in 2020, su...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Qatar Faces Threat From US Shale – IMF
...portantly on the ability to rapidly hire expatriate workers,” the IMF says. Real GDP growth is projected to stay around 6% in 2014, as the pickup in the public investment program is roughly offset by a modest decline in hydrocarbon output, the IMF says. Public investment is expected to keep growth ro...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Jordan Advances Gas Strategy With Shell LNG Supply Deal
...olence in Iraq’s Anbar province (see graph and MEES, 10 January 2014). Planned Iraq-Jordan Crude & Gas Pipelines Israeli Gas Challenge On a logistical level gas from neighboring Israel’s burgeoning offshore discoveries would be the easiest medium-to-long-term way to sate Jo...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Egypt Eyes Iraqi Gas
...mand (forecast at 5.57bn cfd for the 2014-15 financial year). Clearly much larger Iraqi imports would be needed to make a significant dent in Egypt’s looming gas shortage. In addition, whilst Iraq currently flares some 1.2bn cfd of gas, two thirds of wellhead output, Baghdad is looking to prioritizing a ma...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
ADNOC Shipping Arm Looks East For Profits
...12). Additionally, liquid hydrocarbons storage at Fujairah is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms at the end of 2012 (MEES, 1 March). Storage expansion plans include a 1.125mn cu ms facility being built by Singapore-based Concord Energy and China’s Si...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Dolphin Prepares For 1.2Bn CFD Gas Boost
...ar with surplus production being pumped into it. It could provide 400-500mn cfd for four-five years when the next North Field development, 1.4mn cfd Barzan, starts production in 2014 – the year that Dolphin’s extra compressors are planned to start up. QP had previously expected to strip out th...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Bahrain LNG Terminal Decision Approaches
...rminal at a cost of more than $500mn by June. But the delayed award has pushed the expected completion date from 2014 to 2016. NOGA is negotiating a Build-Operate-Own (BOO) LNG import terminal and the group has decided to pursue a Floating Storage Regasification Unit (FSRU), MEES learns. Further delays ar...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Gulf Petrochem Inaugurates Fujairah Product Storage
...pass pipeline – which is currently operating at minimal capacity – will strengthen Fujairah’s role as a global energy hub. Liquid hydrocarbons storage at Fujairah is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms at the end of 2012....
Volume: 56Issue: 09Published at Fri, 01 Mar 2013