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Beirut Eyes LNG Import Decision, Touts Reserves
...e Lebanese daily al-Nahar reported on 14 March. The first tranche of the issue will mature in 2016 or 2017, while the second will run until 2026. The ministry needs to refinance maturing Eurobond debt in 2012. Lebanon remains one of the most highly indebted countries in the world with a debt/GDP ra...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
EU Representative In Baku Calls For Nabucco Readjustment
...nsortium, with regard to exporting 10 bcm/year of gas to Europe beginning in 2017-18. Confirming that Nabucco was still in the bidding for Shah Deniz Stage 2 gas (MEES, 5 March), he said that “the talks aim to change the conception of the project [Nabucco]. There are many proposals. Naturally, the proposals ch...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Edison And DEPA Persist With ITGI, Pursue Other Supply Options
...seidon partners, Italy’s Edison and Greek state utility DEPA, could take their final investment decision by mid-2013, whereas the preferred TAP project aims to become operational in 2017. “If Shah Deniz expects to ship gas to the European Union by 2018 then a final investment decision (FID) will have to be...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Baghdad Eyes $500Bn Energy Spend To 2030
...enarios – with the figures referring to nominal 2017 production targets. The study is being coordinated by the office of Thamir Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission. Originally it was to have been completed by the end of the first quarter, but the intrinsic complexity of...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
TAQA Taps Malaysia Investors Via $215Mn Ringgit Issue
...nditions, said the spokesperson. In December TAQA issued Regulation S/144a bonds, which allow them to be sold into Europe and the US respectively. The issue includes $750mn of bonds due in March 2017 at 4.125% and $750mn due in December 2021 at 5.875%....
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Wintershall To Join South Stream, Slovenia Signs JV Agreement
...rrent 0.5 bcm/y. The current contract expires in 2017. On 21 March, Russia’s Prime Minister Vladimir Putin told reporters that Russia would be providing the Turkish authorities with additional information to help precipitate the granting of a permit for detailed route planning of the offshore co...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Socar Extends Shah Deniz Concession By Five Years
...niz 2 was originally expected to start production by 2013-14, a target that has been pushed back so far to 2017-20. The extension of the contract is also seen as an indication that the Azeris are approaching their decision time on the winner of the tender for the 10 bcm/y of gas from Shah Deniz 2 to be...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Solar Cell Plant To Be Built In Jubail
...er 12,000 t/y by 2017. Polysilicon Technology’s Executive Director and CEO Ibrahim al-Humaidan said that that there is a genuine trend to shift to renewable sources of energy from oil and gas in the production of electricity, and that solar energy would be one of the options open for Saudi Arabia to...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
ADCO Awards $560Mn Contract For Qusahwira Development
...the expansion are projected for completion by 2017. NPCC will oversee the development of production facilities including central and remote degassing stations, oil producing, water and gas injection wells, and around 350km of pipelines over an estimated period of 33 months. The three-phase ex...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Shuweihat S3 To Send Out RFP To Developers
...ading. The UAE’s power supply plan includes, from 2017, some large nuclear units, so ADWEA’s projects need to be coordinated with this alternative energy. However, while nuclear power supply is anticipated (see below), ADWEA will still need to continue to implement its own traditional projects. On the S3 pr...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
UAE To Commission First Nuclear Power Plant By 2017
...Middle East Economic Survey VOL. LIII No 10 8-March-2010 UAE UAE To Commission First Nuclear Power Plant By 2017 The UAE will commission its first nuclear power plant by 2017, the country’s Minister of Energy Muhammad al-Hamili said on 2 March. Speaking at a conference in Abu Dh...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Debt Swap In Eurobonds Sustained Lebanon’s Sovereign Rating, Moody’s Reports
...tings, said Moody’s Investors Service on 16 March. The exchange, which had a total face value of $2.3bn for longer-dated foreign currency bonds set to mature in 2012 and 2017, is not classified as a ‘distressed exchange’ by the rating agency. Moody’s changed the outlook on Lebanon’s low B3 sovereign ra...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009