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Iraq Looks To Get Savvy On Crude Trading
...pand it to another company, maybe with shipping for example, or with storage.” Somo has simultaneously started selling Basra Light volumes on the Dubai Mercantile Exchange (DME). Its debut auction of 2mn barrels on 28 April was a success, with an unnamed Asian buyer purchasing the June 2017 cargo at...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Iraqi Coffers Reap Reward Of Higher Oil Prices
...Iraqi crude export revenues in the first four months of the year are up 75% year-on-year as significantly higher oil prices have more than offset a slight dip in volumes. January-April revenues totaled $18.9bn in 2017, against $10.8bn last year and $15.9bn in 2015, although they are well be...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Germany Q1 Crude Imports: Libya Boost Raises Opec Share
...• Russia remained the dominant supplier of crude oil to Germany in the first quarter of 2017 according to the latest imports figures (see table), but the Opec share was up year-on-year, boosted by an increase in supplies from Libya. • An average 705,000 b/d of crude arrived in Germany fr...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Asian LNG Imports Soar In Q1; Qatar, Australia Vie For Market Share
...LNG imports by the top three global buyers – Japan, Korea and China – all rose annually in Q1 2017 due to a combination of colder weather and growing appetite for the cooled fuel in China versus piped gas supplies from Central Asia. As buyers have more supply sources at their disposal – es...
Volume: 60Issue: 18Published at Fri, 05 May 2017 -
Jordan To Receive First LNG Cargo On 25 May
...0,000 m³. NEPCO is expected to import additional LNG volumes from alternative sources on the market. Jordan is understood to be looking for extra cargoes this summer, up to 3 between August and September. Beyond that, it is eying a short-term deal of 18 cargoes per year in 2016 and 2017. With si...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Morocco’s $4.6bn LNG Scheme Continues To Drum Up Interest
...edstock. According to the roadmap, it will take 48 months to build the planned LNG regasification terminal (starting from October 2017), 36 months for the jetty and 36 months for new CCGTs. The roadmap does not say which plants will be included in the 2.7GW target. The ONEE, the national office for el...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Egypt Mulls LNG Import Options
...se Algeria’s problem is a lack of gas, not liquefaction capacity. LNG exports, which declined from 14.26mn tons in 2010 to 10.9mn tons last year, are unlikely to increase substantially (if at all) until the Southwest Gas Project comes online from 2017, and maybe not even then, given Algeria’s pl...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
QP’s Strategy As US Tilts To LNG Exports
...at the US will be exporting 40mn t/y to 60 mn t/y by around 2020. Qatar also faces challenges from Australia, which is expected to produce 86mn t/y by 2020 – allowing for slippage on the 61.8mn t/y under construction due onstream by 2017. After 2020, up to 80mn t/y of East African LNG could also st...
Volume: 56Issue: 19Published at Fri, 10 May 2013