Qatar Maxes Condensate Splitters, Hits Fresh Products Records

...en the largest buyer of Qatari condensate. But after rising above 200,000 b/d in Q1 2014, imports fell to just over 125,000 b/d the following quarter and have been below 100,000 b/d since late-2014 (see chart). Much of this fall in shipments to Japan was caused by the neighboring UAE stepping up its im...

Iraq Boosts Export Capacity, Eyes Alternative Routes

...peline. The Iraqi section of Baghdad’s 1.6mn b/d Kirkuk-Ceyhan pipeline was damaged by IS in 2014 and requires extensive work to become operational (MEES, 13 October). As a result, Iraq is eyeing up alternative routes to offer improved flexibility and alternative outlets when adverse weather closes Ba...

Iraq Export Revenues Soar

...Baghdad has received a much-needed boost from the rebound in Brent to over $60/B. The Iraqi government took in $5.45bn in crude export revenues in October, the highest level since October 2014, when oil prices were only just beginning their slump from $100/B. Revenues crashed with the pr...

Suez Canal Sees Record Northbound Oil Shipments

...tal cargo shipped is up 9%. SUEZ CANAL MONTHLY REVENUE ($MN): DOWN 8% ON 2014 DESPITE LAST YEAR’S EXPANSION SOURCE: SUEZ CANAL AUTHORITY.   NORTHBOUND OIL SHIPMENTS SOAR The key area where the Suez Canal has seen transit volumes rise has been in northbound oil shipments. Saudi Ar...

Taiwan’s LNG Imports Boosted As Government Plans To Exit Nuclear

...elled power generation. One 600MW reactor at Chinshan has been out of action since the end of 2014 due to technical problems. But the government’s anti-nuclear policy means it is unlikely to come back online with the plant approaching the end of its life in 2018. Technical issues also led to the cl...

LNG: Asian Buying Rises, But Output Up By More

...stralian output means any support to prices will likely prove transient. Imports by top global importer Japan, at 62.0mn tons in the first nine months of 2016, are down 2.2mn tons (3.4%) on the same period a year earlier and by 4.4mn tons on 2014’s record volumes. But for China 2016 is set to be a re...

A New Vision: Kurdistan, A Major Gas Province?

...itial 4 bcm/year of natural gas to Turkey from 2017, rising to 10 bcm/year by 2020 and with the option of increasing to 20 bcm/year thereafter (MEES, 11 April 2014). However, Mr Hawrami acknowledged that the KRG’s financial strains mean that the timeline would likely “slip by six to twelve months, to 2019 pe...

Taiwan LNG Imports January-September 2015

...15 2010 2011 2012 2013 2014 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Ju...

Mideast Buying Offers Support For Weak Global LNG Market

...commissioning a second FSRU with a third to follow next year. Cargoes are now set to arrive at a rate of four a month – a not insubstantial 3.1mn t/year on an annualized basis. This leaves Egypt neck-and-neck with Kuwait as the region’s biggest importer. Kuwait took a record 2.7mn tons in 2014, up fr...

China LNG Imports To Q3 2015 (‘000 Tons)*

...13 2014 2015^ 3Q14 4Q14 1Q15 2Q15 3Q15 Jan Feb Mar Apr Ma...

Japanese LNG Imports 3Q15

...-Jul 15-Jun 15-May 15-Apr 2014 2013 2012 2011 2010 2009 Australia 5....

Total Eyes Return To Iran’s Pars LNG, Hopeful On Yemen

...ss than three weeks to restart operation and load tankers.” However, with the war in Yemen showing little sign of abating, a rapid restart appears highly unlikely. Yemen LNG shipped 6.78mn tons of LNG in 2014, but no cargoes since April (see chart). YEMEN LNG* OUTPUT/EXPORTS (MN TONS/YE...

Italy’s Gas Imports From Algeria: Up On Late 2014 But Less Than Half Pre-2013 Volumes (Mn Cfd)

South Korean 3Q15 LNG Imports

...-Jun 15-May 15-Apr 2014 2013 2012 2011 2010 2009 Qatar 2.93 0....

Stocks Special: Saudi Strong, Chinese A Bit Less Reserved

....7mn barrels (620,000 b/d) in September with “extra cargoes [imported] from Saudi Arabia, Kuwait, Iraq and Oman,” the IEA says in its November Oil Market Report. According to IEA calculations, China added 105mn barrels to its stocks during the first nine months of 2014. This comes on top of an 89mn ba...

IEA: LNG To Maintain Steady Share Of Interregional Gas Trade Through 2040

...INTERNATIONAL IEA: LNG To Maintain Steady Share Of Interregional Gas Trade Through 2040 Global gas supply and demand dynamics will be closely monitored by LNG suppliers, including Qatar. In its World Energy Outlook 2014, the International Energy Agency (IEA) says that it expects Ja...

US LNG To Challenge Qatar In Key Asian Markets

...gher than current production levels, by the end of the current Iranian calendar year on 20 March 2014. While this pronouncement is likely without merit, it is worth pointing out that Iran has expansive gas reserves to tap. If a future agreement between the P5+1 countries and Iran relaxes sanctions and Ir...

KRG Set For Independent Exports Despite Iraq-Turkey Thaw

...at output was heading towards a targeted 200,000 b/d by the end of 2014. DNO Executive Board Chairman Bijan Mossavar-Rahmani says, however, that DNO is awaiting guidance from the KRG as to when exports through the independent export route through Turkey could begin from Tawke, which he said cu...

DNO Touts 1bn Barrel Tawke: ‘Why Stop At 200,000 B/D’

...es a potential to take production beyond an initially targeted 200,000 b/d by the end of 2014 (from 100,000 b/d now) as it taps into the upper and lower reservoirs of the structure.  Announcing third quarter results last week, executive chairman Bijan Mossavar-Rahmani told analysts that the company ha...

Iraq-’Aqaba Crude Export Pipeline Advances

...inching an agreement with ‘Amman on transit fees. The award for the Haditha-’Aqaba portion of the pipeline on a Build-Own-Operate-Transfer (BOOT) basis is expected by the end of 2014. A source familiar with the project says that Iraq’s State Company for Oil Projects (SCOP) has issued a letter to the qu...