Duqm Complex Set For 2017 Completion

Turkey, Azerbaijan Sign Landmark Transit Agreement

...peline, a tariff tender for the transit of the 10 bcm/y of SD2 production that will become available by 2017-18, all welcomed the decision. It is seen as the final step before the full implementation of Europe’s Southern Gas Corridor strategy that aims to limit the EU’s dependence on Russian gas. The pa...

Greece Links DEPA Sale To ITGI, Nabucco’s Viability Questioned

...lgaria starts up. “TGI is ready to transport gas to Europe and the Balkan States from 2012-13, so it will be ready for transportation of Shah Deniz gas in 2017.” The Greek Minister also underlined that ITGI will not face any problems with its financing, a worry that has been exacerbated due to Gr...

ADMA-OPCO Awards Nasr Field FEED Contract To Fluor

...bsea pipelines and an export pipeline to Das Island. Last year ADMA-OPCO announced that it planned to spend at least $10bn developing two offshore fields –Umm Lulu and Nasr – to boost the firm’s crude output 60% by 2017. A first phase development would have a 50,000 b/d oil production capacity, wi...

Risk At Center Of Oil Industry Outlook

...emselves. Some of the equipment is over 50 years old. This should have been the priority, not increasing production capacity.” He said that contracts in place in Iraq were intended to raise total production capacity to 13.2mn b/d by 2017, “but none of the institutions now accept this plan. The Ministry of...

Turkey Allows Russian Gas Import Deal To Expire In Move To Open Up Market

...ojects have submitted bids for Stage 2 gas from the offshore Shah Deniz gas field, due to come on-stream in 2017 (MEES, September 26). Production of Shah Deniz 2 gas is set at 16 bcm/y, of which Turkey has already been allocated 6 bcm/y. Turkey’s Natural Gas Sale And Purchase Agreements Ag...

Nabucco Schedule Slips Again, Kazakhstan Declines Trans-Caspian Offer

...peline would be ready to start shipping Azeri gas from Shah Deniz Phase 2 in 2018 rather than the earlier scheduled start-up of 2017. This means that the construction start-up date for the 31 bcm/y capacity, $14bn project may be pushed back to 2014. Mr Roiss is currently touring Central Asian ca...

DP World Revenues Cushioned By Emerging Market Operations, Says Moody’s

...grading the rating on the $1.5bn Sukuk issued by DP World Sukuk Ltd, which is due in 2017 (MEES, 18 April). With a healthy cash balance of $4.1bn as of June 2011, relative to moderate debt maturities to 2017, the ratings agency suggests the group is in good health: “DP World remains well positioned de...

Gulf Turns To Unconventional Gas To Ease Shortage

...e Middle East and North Africa have 2,548 trillion cu ft of shale gas and 823 tcf of tight sandstone gas in place. Bahrain will face a peak gas demand deficit by 2015 and an average annual deficit by 2017, according to a presentation by 'Abd al-Abi Mukhtar, Manager of Deep Gas Exploration for st...

Qatar Faces Challenge of Complex, Changing European Gas Market

...lling LNG at prices lower than Qatar’s. A lowering of costs in Asia-Pacific when Australia becomes the world’s leading supplier of LNG may drive Qatar LNG increasingly into the European market. Price is likely to face further competition when Canadian and US Pacific Coast LNG terminals open in 2017...

Dubai Plans Major Solar Power Plant

...bai government has previously said it expects to start its first nuclear power plant in 2017 – with local authorities expressing their hope that nuclear energy would eventually supply up to 25% of the countries demand for power. “The strategy of Dubai has looked at an array of alternatives and we ar...

MENA Energy Investment: Broken Momentum, Mixed Outlook

...ficially inaugurated in August 2010 (to be only partially operational a year later), Abu Dhabi’s first such  plant is not expected before 2017. 5. A Aissaoui, ‘MENA Natural Gas: A Paradox of Scarcity Amidst Plenty’ (MEES, 27 December 2010). 6. $90/B reflects increasing costs of production from en...

Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project

...Middle East Economic Survey VOL. LIII No 43   25-Oct-2010 SAUDI ARABIA Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project Chevron is pushing ahead with its pioneering large sc...

Turkey Waives Right To Export Azerbaijani Gas

...ril 2008, until when the price was $120/1,000 cu ms (MEES, 21 June). The readjusted price has created a debt for Turkey estimated at around $1bn. As of 2010, Turkey will be receiving 6.6 bcm/year from Shah Deniz Stage 1. When Shah Deniz Stage 2 production comes on stream in 2017, Turkey will be re...

Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017

...Middle East Economic Survey VOL. LIII No 42   18-Oct-2010 CASPIAN Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017 Tender documents issued recently by shareholders of the joint ve...

Japan Promises Financial Assistance To Jordan’s Nuclear Drive

...e project’s safety, a Japanese Foreign Ministry statement noted. Jordan aims to start operations at its first nuclear power plant by as early as 2017, with a site close to Aqaba already having been selected by authorities. A Japanese-French consortium made up of Mitsubishi and Areva is currently in...

MENA Energy Investment Outlook: Recovery Despite Uncertainty

...pected before 2017. 2. In a move to cut project costs, some project sponsors within the MENA region have had to rethink their contracting strategies, combining LSTK with Open Book Reimbursable Contracts (OBRC) through conversion agreements. 3. This has been developed in: A Aissaoui, ‘Powering the Ar...

Saudi Water Sector Requires $91Bn Investment Between 2003 And 2022, Says NCB

...219 4,813 3,610 2007 26.9 5,507 5,344 4,031 8,061 5,374 4,031 2012 30.5 4,185 4,185 3,620 9,143 6,095 4,571 2017 34.2 3,903 3,903 3,...

Egypt To Issue Tender For Construction Of Two BOOT Power Plants

...sis through the year 2010 in an effort to meet domestic consumption needs which are rising at a rate of 7-8% per annum. The 15 power plants should raise the country’s generating capacity to 12,750MW by the year 2002, 17,000MW by 2007 and 27,500MW by 2017 (for a survey of Egypt’s power sector, see ME...