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Egypt LNG Exports Rebound To 12-Year High
...peat of October volumes for the last two months of 2021 would leave this year neck-and-neck with 2011’s 6.9mn tons (see chart 2). This is a swift turnaround from just two months ago when Egas had informed Shell and Eni that gas shortages could lead to reduced exports over the coming months (MEES, 17...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Algeria-Morocco-Spain: Key Gas Pipeline Stops Flowing
...LIVERED 85BCM OF GAS TO SPAIN SINCE 2010, AROUND HALF OF ALL ALGERIA-SPAIN GAS SHIPMENTS OVER THIS PERIOD (BCM) MEDGAZ STARTS UP IN 2011. SOURCE: ENAGAS, CORES, KPLER, MEES. THE GME PIPELINE: A SEVERED LINK BETWEEN ALGERIA, MOROCCO AND SPAIN 2: ALGERIA-TO-SPAIN PIPED GA...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Libya: Oil Still Flowing But Revenues In Limbo
...itiative, tells MEES. PAYBACK TIME? “Kabir is fighting all of this because he knows that the reason he is one of the most powerful men in Libya today is because he controls all of the hard currency accounts in Libya,” he adds. Some $190bn in oil revenues have passed through CBL coffers since 2011...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
Libya Hits 1.25mn b/d
...cember). But cash alone won’t suffice. Libya also needs political stability: missing since 2011. ...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Gulf Offshore Drilling At 10-Year Low As Saudi, Abu Dhabi Stall On Contracts
...The number of active offshore rigs in the Gulf has fallen to the lowest level since January 2011. Excluding Iran, for which accurate data is not available, just 25 drilling rigs were active in the region in October, according to Baker Hughes data. Of these, just 10 were active off Saudi Ar...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Libya’s Oil Rise: The Risks Ahead
...IS IS UNLIKELY TO BE RECEIVED UNTIL EARLY 2021. SOURCE: MEES. CREAKING INFRASTRUCTURE While Mr Sanalla was no doubt seeking to play up the challenges NOC faces, there is also serious weight to what he says. The chaos following the 2011 overthrow of long-time leader Muammar Ga...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Oman To Introduce Income Tax: Will Rest Of GCC Follow?
...er $100/B prior to late 2014, Oman was still unable to balance the budget as Muscat looked to avoid contagion from the 2011 ‘Arab Spring’ with 2012-14 spending blowouts. While the government is seemingly unable to reduce spending on salaries, the looming implementation of 5% VAT will have a si...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Apache Egypt Oil Output Slumps To 11-Year Low
...opped to 14, the lowest number since Q3 last year. Inevitably gross oil output has also declined, falling to an 11-year low 161,100 b/d for Q3, down 7% on Q2 and down 27% on record oil output of 220,000 b/d set in Q3 2011 (see chart 2). “Gross production declined as a result of significant drilling ac...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Record Saudi Gas Output Helps Prevent Oil Burn Spike
...D) CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, MEES. 2. SAUDI OIL BURN WAS FLAT YEAR-ON-YEAR IN Q3 DESPITE INCREASED POWER DEMAND ('000 B/D) *PRESUMES ALL FUEL OIL CONSUMPTION IS BURNED: SOME IS USED IN MARINE BUNKERING. EXCLUDES SMALL VOLUMES OF DIESEL. **JULY-AUG AC...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Oman Set For Lowest Deficit Since 2014, But Investment Lacking
...oducer to have struggled to cope. The oil revenue bonanza came at just the right time to enable Oman (among others) to hike spending from 2011 in a bid to head off ‘Arab Spring’ contagion. MEES projections, based on official 9M19 stats and typical seasonal trends, indicate that Muscat will close out th...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Libya’s New Output Goals: Has NOC Any Chance Of Scoring?
...rmal in Libya since the 2011 revolution. The post-Gaddafi chaos has seen output frequently nosedive through forced shut-in of fields. IOCs have left, contractors are wary and the threat of forced shutdowns by armed groups is ever present. As a consequence, Libya’s creaking infrastructure has suffered. Da...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
Algeria-Morocco-Spain Pipeline Politics
...E volumes far exceeds the 19% fall to 4.15bcm in Medgaz shipments. The 11.5bcm/y-capacity GME pipeline has long been the key conduit for Algeria-to-Spain shipments: though Medgaz shipments have increased since the second route started up in 2011 they have never surpassed GME on an annual basis. Bu...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
KRG Eyes Major Boost As Exxon/DNO Firm Up Baeshiqa Light Oil Find
...e south is the Banan field, where Oryx is currently producing from the 27°API Tertiary and the 22°API Cretaceous – neither exactly “light.” NORTHERN IRAQ: KEY OIL & GAS INFRASTRUCTURE CONTENTIOUS GEOGRAPHY The initial 2011 award of Baeshiqa to ExxonMobil and it...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
Kuwait Emir’s Son Unleashes Political Upheaval
...gin the process of appointing a new government. Political upheaval is par for the course in Kuwait, but recent weeks have seen some of the most dramatic scenes since protestors stormed the National Assembly in November 2011. That event proved the undoing of Sheikh Jaber Mubarak’s predecessor, Sh...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
Iran Ups Geopolitical Stakes With Nuclear Advances
...at is expected to take six years. The Bushehr-2 plant will be built by Russia’s Rosatom, under a 2014 agreement between Moscow and Iran for the construction of four new 1GW plants at Bushehr. Rosatom completed the Bushehr-1 reactor in 2011, generating electricity from fuel rods supplied by Ru...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Waha 150mn cfd Gas Output Boost
...0km pipeline to help maintain output. Waha also plans to supply coastal power plants as well as the methanol and fertilizer plants in Marsa el-Brega (MEES, 1 November). Faregh Phase-2 was initially meant to start-up a decade ago, but Cypriot contractor J&P left the project following the 2011 re...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Cyprus Advances Aphrodite Development
...Cyprus issued its first ever “exploitation license” this week to the partners in the 4.2tcf Aphrodite gas field. Energy Minister Giorgos Lakkotrypis says the event is “especially important” whilst cautioning that this is just the first step in a long road before Aphrodite, discovered in 2011, ca...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Algeria’s Renewables Plans Struggle To Advance
...newables dreams. It set a 22GW 2030 renewables target in 2011 but has little to show for it. For a country with abundant sun but reliant on stretched natural gas resources for power, this is a cause for concern. It only has 410MW of solar PV (mostly localized generation in remote areas: a mere 10MW is on-gr...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Libya Set For Big Gas Boost
...With the impending start-up of the 180mn cfd Faregh Phase-2 project, Libya will have added a healthy 580mn cfd capacity by the end of 2019. Not bad for a country that has rarely seen peace since 2011. The long-delayed 180mn cfd Faregh Phase-2 gas project is finally on the verge of start-up...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Qatar Sending More LNG To Europe
...aller Asian economies and the return of Europe. Qatar has been increasingly dependent on Asian markets in recent years. Asia accounted for nearly 75% of the 76.8mn tons of Qatari LNG imported globally in 2018. This has come as volumes to Europe have cratered, nearly halving from 21.4mn tons in 2011 to...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019