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Turkmenistan Tilts Towards West, Considers Rapprochement With Azerbaijan
...PC and Turkmengaz, once the 1,000km, 30 bcm/year capacity East-West pipeline is com-pleted in 2014. On top of that, the former head of Turkmengaz noted, “as early as 2011, Turkmenistan needs a market for gas produced by the Malaysian Petronas company on an offshore block at a rate of 5 bcm/y.” Me...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Iran Wants To Renegotiate Offshore Gas Treaty With Qatar
...ing back the gas that has migrated.” Qatar has a moratorium on further new development projects before 2014, when it will complete its study into the field’s depletion. But QP engineers complain that to calculate the rate they need meaningful figures from Iran about its extraction plans, but ar...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Shell, BP And BG In Talks With Cyprus For LNG Import Terminal
...by early next year (MEES, 30 August). Cyprus is hoping for LNG to start arriving in 2014 at its proposed southern Vasilikos site as part of a 20-year supply agreement. Currently Cyprus generates electricity primarily through burning fuel oil....
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
BP Strikes Gas On West Nile Delta Concession
...velopment of five offshore fields into a new onshore gas plant, with first gas anticipated for late 2014 (MEES, 26 July)....
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
CBI Statistics Show 19.7% Fall In Oil And Gas Exports Revenue In 2009-10
...12-13) 1.951 1392 (2013-14) 1.553 1393 (2014-15) onwards 4.127 Parliament Removes President From CBI Assembly The Iranian parliament on 14 November passed a law to remove President Mahmoud Ahmadinejad from chairing the CBI General Assembly in a move which de...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Barzan Project Financing Kicks Off With Approach To ECAs
...ndensate Barzan, which is now planned for startup in 2014, after the original 2012 date slipped, will be supplied from a designated block (Barzan) in the North Field. Given the feed is rich gas, it will produce LPG and condensate (to be sold separately from the 1.5bn cfd of gas). Barzan is the last ma...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
DEWA Gears Up For First IWPP
...ter. Start-up is scheduled for 2014, which is a tight deadline but achievable, commented an industry source. The IWPP will be constructed at Hassyan, a site near the border with Abu Dhabi, and has room for a total of six projects. The first IWPP will be gas-fired, but DEWA has commissioned a study on...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
VTTI Awards Oil Terminal Construction Contract To J&P
...siliko that should come into operation in 2014 with a capacity to process 1 bcm/year (MEES, 30 August, 16 November 2009, 4 May 2009)....
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
Groundstar Transfer Of Kom Ombo Interest Approved
...eir agreement in June, with Aegean agreeing to drill at least four exploration wells by 2014 at a cost of $30mn (MEES, 14 June). The first is set to commence drilling by the end of November. Sino Tharwa Drilling Company has been awarded the drilling contract for four wells, two of which are optional. ...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
SEC Invites Bids For Qurayah Power Project
...erations on 1 June 2014. Qurayah IPP1 is expected to cost $1.8bn, 'Amir al-Swaha, SEC’s Head of Independent Power Producer (IPP) projects, was quoted as saying by Reuters, which added that the plant would use 300mn cfd of gas to generate electricity. The plant had previously been expected to use heavy fu...
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
SWCC Awards $4.2Bn Contracts For Ras Al-Zour Project
...uminum complex when completed in 2014 (MEES, 19 July). The Ras al-Zour complex was originally planned to be built and run by a private sector consortium led by Sumitomo Corporation. However, the scheme was re-launched under the auspices of SWCC (MEES, 29 June 2009)....
Volume: 53Issue: 46Published at Mon, 15 Nov 2010 -
North Africa’s Investment Star Wanes
...heduled to come on stream in the second quarter of 2014 at a targetted capital investment of $920mn. Total is struggling to keep costs to below $1bn, MEES understands. Low gas prices have pushed Algeria into stopping spot gas sales (MEES, 11 October). A number of foreign operators had output slashed ea...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Abu Dhabi Plans Artificial Islands To Boost Oil Output By 470,000 B/D
...kum expires in 2026, and ZADCO’s operating concession for offshore fields Umm al-Dalkh and Satah expires in 2018. While ExxonMobil is happy with its ZADCO partners, it is not however content with its position in ADNOC’s onshore oil company ADCO, whose agreement expires in 2014. ExxonMobil has a 9....
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery
...dium term demand projections from last year’s WOO, but higher projections for non-OPEC supply means the call on OPEC crude remains constrained until 2014, the report highlights. The WOO’s reference case now predicts demand growth of 1mn b/d this year, more than double that expected in last ye...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Egypt Poised To Hit GDP Growth Target, But Long Term Challenges Linger
...onomy,” he said, noting expectations of improved capital inflows from Europe and the US in 2011, once the liquidity issue is resolved. Furthermore, the Ministry of Finance plans to reduce the overall fiscal deficit to 7.7% in 2010-11, gradually cutting it to 3.5% of GDP by 2014-15. This is optimistic, gi...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Ukraine To Relaunch LNG Project
...rm of Azeri LNG via Georgia’s Kulevi port by 2014. Mr Boyko said that the cost of building a regasification terminal in Odessa would not exceed $1bn and that there will be a “quick payback” on the investment. He added that the project would be backed by EU funds, without providing any additional de...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Russia Expresses Interest In North Field Projects
...ojects to produce LNG from gas produced in the North Field, according to Russian state media. Government-owned RIA Novosti reported that Gazprom had expressed interest in partnerships in gas projects in Qatar, once a moratorium on expanding gas production on the offshore acreage is lifted in 2014, du...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Gas Fields Bid Round In Iraq: Success With Risk
...stainable development on a national/macroeconomics level. It is worth recalling that the current National Development Plan (NDP) 2010-14 aims at increasing gas production from 800mn cfd to 2.75bn cfd in 2014 from 'Akkaz and Mansouriya as well as the associated gas produced in other parts of the co...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Sanctions Slow Iran’s Condensate Export Growth
...scounted price to Iran.” Iran Base-Case Condensate Supply Outlook (‘000 B/D) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Current Pr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Shell Reduces Kashagan Phase 2 Cost Estimate By $18Bn
...start by 2014-15. Mr Kabyldin said that “the group of six Kashagan participants on July 27 informed the [Kazakh] oil and gas minister that the time frame for Phase 2 at the Kashagan field was being put back to 2018‐19,” according to Russia’s Interfax. As a consequence, Mr Kabyldin noted, th...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010