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Ballooning Egypt Gas Deficit Met By Record Q3 Gas/LNG Imports
...s it slightly higher at 4.20bn cfd. This is the first time in the Jodi database, stretching back to 2011, that gas-for-power consumption has exceeded production. Despite the modest sequential increase, production is well below year-ago levels, having dropped by 490mn cfd since 3Q 2024. In order to...
Volume: 68Issue: 47Published at Fri, 21 Nov 2025 -
Mauritania’s Banda Integrated Gas Project Progresses
...ergy needs. UK based Tullow took Banda in 2011 from Malaysia’s Petronas and announced commerciality a year later (MEES, 22 February 2013) before having to cut back on investments when prices began to drop in 2014. Development plans only recovered recently when Banda and the nearby 0.9tcf Tevet fi...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
Libya Crude Exports Surge As Officials Hail ‘Golden Opportunity’ For Investors
...e highest quarterly figure since the country’s 2011 revolution. In the first nine months of the year, exports averaged a record 1.19mn b/d, up 24% from 965,000 b/d in 9M 2024 (see chart 1). Meanwhile, output figures continue to hit record highs, averaging 1.38mn b/d for the first nine months of...
Volume: 68Issue: 45Published at Fri, 07 Nov 2025 -
Libya Exploration Reboot As Eni/BP & OMV Kick Off Drilling
...Libya’s upstream has got a long-awaited boost with Eni/BP and OMV both kicking off exploration campaigns on ice since the country’s 2011 revolution. With Italian PM Georgia Meloni in town, Eni may be set to sign the controversial NC-7 deal. Eni and BP, as well as Austria’s OMV, have ki...
Volume: 67Issue: 44Published at Fri, 01 Nov 2024 -
Russia’s Tatneft Returns To Libya, Again
...tneft’s on/off exploration work in Libya since the 2011 revolution set off a decade of – still ongoing – political instability. The firm last year returned to drill appraisal well ‘B2’ on Block 4, but results were not made public (MEES, 22 October). NOC says it held a meeting with Tatneft officials wh...
Volume: 65Issue: 45Published at Fri, 11 Nov 2022 -
Israel Gas Output Record As Pipeline Delay Stymies Planned 2022 Egypt Export Boost
...e first time the potential pipeline tie-in route for development of Cyprus’ 4.1tcf 2011 Aphrodite discovery (Chevron 35%op, Shell 35%, Delek 30%). This shows the potential Aphrodite pipeline skirting Israel’s exclusive economic zone before tying in to the prospective pipeline connecting Le...
Volume: 64Issue: 47Published at Fri, 26 Nov 2021 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
Egypt-Israel In EMG Arbitration Settlement
...12. Already volumes had dwindled in 2010 and 2011 amid domestic gas shortages and numerous attacks on the pipeline which traverses the unstable Sinai Peninsula. In a cautionary tale for those inking current deals with Israel, the EMG deal became politically poisonous in the wake of Egypt’s February 2011...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
Israel: Pipeline Bottleneck Blunder Adds to Exports Headache
...19,” with “technical evaluation” and “flow reversal planning” ongoing – the route was previously used to ship Egyptian gas to Israel. But volumes halted in 2011 amid pipeline bombings, political disputes and an underlying shortage of Egyptian gas to export (MEES, 1 August 2011). Noble’s timeline lo...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Egypt Confident It ‘Has The Keys To The Future’ Of East Med Gas
...orage depots, and terminals as well as pipelines,” Mr Molla says. Of course, this has also been true in the intervening years since Israel discovered the 22tcf Leviathan field in 2010 and Cyprus the 4.2tcf Aphrodite in 2011. So what’s changed? For one thing, the discovery of the 21.5tcf Zohr field of...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
MEES Interview With Egypt’s Minister of Petroleum
...dependence earlier this year. What have been the driving forces? A: The petroleum sector faced several challenges in recent years stemming from the political and economic situation in Egypt between the two revolutions of January 2011 and June 2013. Investments in the petroleum industry fell, there was di...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Reality Sets In As KRG Imagines Life With Less Oil
...eld, which South Korea’s Kogas signed a contract to develop in 2011 (MEES, 13 June 2011). Akkaz was slated to produce 400mn cfd, but security concerns and the Islamic State’s advance halted development. US-mediated talks over joint KRG-Iraq control of international border crossings in Iraqi Ku...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017