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ESAI Predicts Demand For OPEC Crude Will Exceed Capacity After 2020
...is year to 2014, with global oil demand growth averaging 1.7% a year. “After that, however, improvements in fuel economy, the penetration of non-petroleum based fuels in transport, and a price on carbon will all contribute to the scaling back of oil demand growth to a long term average around 1.0%.” Ye...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Nabucco Confirms 2014 Target For Pipeline Start-Up
...Middle East Economic Survey VOL. LIII No 13 29-March-2010 CASPIAN Nabucco Confirms 2014 Target For Pipeline Start-Up Nabucco Managing Director Reinhard Mitschek confirmed on 25 March that co...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Iran And Pakistan Sign Gas Pipeline Agreement
...peline is scheduled for late 2014 or early 2015. Despite pressure from the US government on Islamabad not to sign the deal, Pakistan’s Minister of Petroleum Naveed Qamar told reporters on 17 March that the pipeline would constitute an “historic achievement” and a “milestone towards meeting” his country’s en...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
TAP Consortium Applies For Inclusion In Italy’s Rete Nazionale Gas Grid
...untries and Iran over the latter’s nuclear program, TAP is now looking to secure gas supplies from Azerbaijan’s Shah Deniz Stage 2 project, which could come into operation in 2014 or later....
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Turkey’s Energy Minister Says Politics Holding Up Gas Talks With Azerbaijan
...age 2 gas, which should begin around 2014 and theoretically feed both Nabucco and the ITGI. MEES understands that the Turkish government has made Azerbaijan an offer on gas prices and transit, but has yet to receive a reply from Baku. Other recent developments in Turkey include: Turkey has rejected ca...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Greece And Italy Promote ITGI Gas Pipeline As Best Start To Southern Corridor
...r Bulgaria by 2013 and Italy by 2014-15. The IGB is a small project and easily fits the purposes of Greece, Italy and Bulgaria.” Mr Paleoyannis said a DEPA delegation recently visited Azerbaijan to discuss the possibility of receiving gas from that country’s state-owned oil and gas company Socar....
Volume: 53Issue: 12Published at Mon, 22 Mar 2010 -
Scaroni Proposes Partial Combination Of South Stream And Nabucco Pipelines
...ring 2009, 34.5mn tons of crude was lifted from the terminal. CPC shareholders agreed earlier this year to more than double the pipeline’s transport capacity to 67mn tons/year (1.34mn b/d). The expansion project is to be complete by 2014. Poland’s Petrolinvest on 9 March announced that the European Ba...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
Export Options Considered For Barzan In Addition To Domestic Supply
...presenting the last of the Qatari projects conceived before the North Field moratorium was implemented, was originally planned for 2012 start-up, but that date has now slipped to 2014 (MEES, 14 December 2009). While some figures for capital costs have been floated, putting it in the $6-7bn range, the in...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
Turkey Ratifies Nabucco Intergovernmental Agreement
...nal investment decision on the €7.9bn project, designed to carry 31 bcm/year of gas into East and Central Europe. Construction is to begin in 2011 and first gas from the Caspian region should pass through the pipeline in 2014-15. Turkey’s prolonged negotiations with Azerbaijan over the price of gas th...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
SEC Appoints GDF Suez As Preferred Bidder For Riyadh-Based PP11 IPP
...is would become operational in 2014 and produce 2.0gw. SEC said in its 2009 annual report that it plans to hike generation capacity by around 12.0gw by 2014 to meet rising industrial and household demand. Current SEC capacity is around 40.0gw, while total Saudi capacity is almost 45.0gw. Ras Al-Zo...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Ma'aden Readying To Approach Lenders For Aluminum Project
...d first production from the mine and refinery is expected in 2014. Ma'aden will own 60% of the joint venture, with Alcoa and its partners holding 40%. The aluminum complex follows the Ma'aden phosphate project, which was funded in 2008. First Hard Rock Mining Project The first Saudi hard rock mi...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Shuweihat S3 To Send Out RFP To Developers
...quirements simply need to be coordinated with ADNOC’s projects, MEES understands. The state oil and gas producer has several projects on the go for gas re-injection in oil fields. S3 is expected to come on line with its early power in summer 2013 and the rest will be available in before 2014 summer peak lo...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010