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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...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Gulf Turns To Unconventional Gas To Ease Shortage
...ate-owned Bahrain Petroleum Company (BAPCO). Bahrain will take a decision by the first quarter of 2012 on awarding an LNG import terminal contract (MEES, 15 August) to import 400-800mn cfd of LNG for 15 years starting in 2014. But it will only drill the first Awali field pre-Khuff deep gas ex...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Barzan $10Bn Gas Project Financing Attracts 30 Banks
...the ECA-covered facilities, the Japanese Bank for International Cooperation (JBIC) and Kexim are providing direct loans to the Barzan project. Pricing on the direct ECA funding typically comes in below the level paid to the commercial banks. Barzan is planned for start-up in 2014 and ex...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Abu Dhabi To Take ADCO Concession Renewal Decision By Year-End
...ncession when it expires in January 2014, an official from a major tells MEES. The consortium’s international oil company shareholders are concerned that the Supreme Petroleum Council (SPC) will award fields to the lowest bidders, in a decision that will affect Abu Dhabi’s oil production for 30 years, Ni...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
BP’s SEEP Pipeline Option Stirs Southern Gas Corridor Debate
...rmitting process unscathed, and this is thought to involve giving them an equal share of the project’s benefits both in gas and rates of return. The problem with offering equity is the states involved, except for Turkey, will have already spent several tens of millions of euros by 2014 on integrating th...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Storm Clouds Gather Over Iraqi Oil Development
...Neel’s presentation estimates. The problem, the source says, is that rising demand means that new capacity won’t really begin to be felt until what could be a politically unacceptable 2014. Mr Neel urged Baghdad to review its electricity subsidy policy sooner rather than later to promote co...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
BP Reveals Fourth Pipeline Option For Shah Deniz 2 Gas
...ere is concern about the potential extent to which it would overlap with a number of interconnector pipelines that are due to become operational throughout Southeast Europe by 2014. BP’s Vice-President for Shah Deniz Development, Al Cook, described the SEEP project as “another possible so...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Qatar Faces Challenge of Complex, Changing European Gas Market
...laysia has reportedly paid Qatar $15.40/mn BTU – up from the market’s typical $8.50/mn BTU at the beginning of the year. Competition From Coal LNG also has to compete against coal. The EU will stop subsidizing domestic coal production by 2014, making Europe more dependent on imports. Furthermore, Eu...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Offshore Exploration To Continue, Says Cyprus, As Turkish Ship Enters Republic’s EEZ
...Turkey’s reason for insisting that Cyprus halt the work in Block 12 on the grounds that it would not be beneficial to Turkish-Cypriots. Gas from Block 12 is not expected to arrive on the island until 2014 – by which time a federal Cypriot government and an island-wide gas distribution system co...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Iranian Crude Production Faces Continual Decline
...sources and/or changes in technical modifications, including installing offshore platforms. Its start-up target is 2012-13, but 2014 is more likely. It was originally meant to provide 2bn cfd to go to NIOC’s Iran LNG project. Phase 11 was also meant to provide a further 1.9bn cfd for LNG. It may start up...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
South Sudan Announces Plans For Transitional Government
...l output to 565,000 b/d by the end of the year, according to Business International Monitor’s (BMI) Sudan Oil and Gas report for September, with plans to raise production to 735,000 b/d by 2014. But most of the country’s oil resources are located in the south, and its infrastructure in the no...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
Kabyldin Says KMG Will Cover Investment Needs To 2014 Via Loans
...Middle East Economic Survey VOL. LIII No 42 18-Oct-2010 CASPIAN Kabyldin Says KMG Will Cover Investment Needs To 2014 Via Loans KazMunaiGaz (KMG) CEO, Kairgeldy Kabyldin, said on 8 Oc...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Barka-3, Sohar-2 Financing Shows Good Lender Appetite For Oman Power
...xt IPP, which is the 1.5gw plant being planned for Sur. This invites bids from developers to provide around 400mw of early power ahead of peak summer demand in 2013, and proceed with full commissioning ahead of 2014 peak summer demand. OPWP had originally planned to set up an IWPP at the al-Gh...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Kazakhmys To Accelerate Ekibastuz Power Plant Modernization
...08 acquired the country’s largest power plant, located at Ekibastuz near Pavlodar, announced on 24 September that it will speed up its $400mn modernization program. The company plans to boost the power plant’s generation capacity by 40% to 3.5gw by 2014. Kazakhmys CEO Oleg Novachuk said that the co...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Kuwait Looking To Start-Up Of Vietnam Refinery In 2014
...Middle East Economic Survey VOL. LIII No 40 4-Oct-2010 KUWAIT Kuwait Looking To Start-Up Of Vietnam Refinery In 2014 Kuwait intends to keep hold of its 35.1% stake in the $6bn Nghi So...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
MENA Region Could Become World’s Petrochemical Hub, Says Al Masah Capital
...ng term demand outlook for petrochemicals is very positive, supported by rising consumption rates in emerging economies of Asia, primarily China and India, maintains the report. The region’s share of global ethylene capacity is set to reach 23.4%, equivalent to 174.8mn tons/year, by 2014, up fr...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
APICORP Prepares To Launch First Ever Bond
...e end of 2009. This is already stronger than most A-rated commercial banks, and is expected to rise to around 30% by 2014. APICORP’s extremely low leverage ratio of 3.1% and non-performing loan (NPL) ratio of 0.7 % further contribute to its stability in the currently difficult global financial en...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Saudi Power And Water Expansion Program Gathers Pace
...mber of important electricity projects are expected to enter service this year, including an independent power plant (IPP) program that will see approximately SR21bn ($5.6bn) invested in three new power plants – at Rabigh, Riyadh and Qurayah – between April 2012 and April 2014, adding 5.2gw in new ca...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Algeria Rediscovers Virtues Of Long Term Commitment
...ing to be short or long, you just have to look at the LNG supply/demand curve. If you lack LNG, the whole market worldwide is going to miss gas. If you have excess of LNG, the whole market of LNG is going to be long,” he continued. “We believe around 2014 Europe will be competing with Asia for LN...
Volume: 53Issue: 41Published at Mon, 11 Oct 2010 -
WWF Report Calls For Low-Carbon Re-Industrialization By 2014
...Middle East Economic Survey VOL. LII No 43 26-Oct-2009 WWF Report Calls For Low-Carbon Re-Industrialization By 2014 The World Wildlife Fund (WWF) has called for a global shift to a low-carbon economy by 2014, otherwise the world risks climate change at a runaway pace. In a re...
Volume: 52Issue: 43Published at Mon, 26 Oct 2009