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Global LNG Glut Hides Mid-Term Supply Crunch As Producers Shun New Projects
...ch unfavorable market conditions. Simon Martelli reports from the 13th International Gas Summit in Paris. There are numerous LNG plants due to start up between now and 2011, in Qatar, Yemen, Algeria and elsewhere, with an aggregate capacity of more than 95mn tons/year. Some 50% of this will co...
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Construction Of Burgas-Alexandroupolis Oil Pipeline Delayed By A Year
...oil from Russia. The pipeline is expected to become operational by late 2011, with construction estimated to cost €1bn (MEES, 17 March)....
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Political Comment (27 October 2008)
...rliamentary approval. Unfortunately that appeared to be as far as the process went, since even Mr Maliki’s ruling Shi΄a coalition, the United Iraqi Alliance (UIA), expressed misgivings about the agreement – which, inter alia, provides for US forces to withdraw from the country by December 2011 unless as...
Volume: 51Issue: 43Published at Mon, 27 Oct 2008 -
Saipem Extends Drilling Contract In Egypt’s West Delta Deep Marine
...laysia’s Petronas (25%) and the state-owned Egyptian General Petroleum Corporation (EGPC – 50%) which supplies the Egyptian LNG plant at Idku and the domestic market. BG told MEES in May that the $3bn it is planning to invest in Egypt between now and 2011 is specifically intended to maximize the de...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
RWE Dea Outlines North Africa Production Plans
...rth Idku field in the offshore Nile Delta, which is due to start production in 2010 at a rate of 1.1 bcf/year. RWE estimates its capital expenditure for Egypt, Libya and Algeria between now and 2011 will be around €550mn. A company spokeswoman told MEES that the numerous oil discoveries in Libya th...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
Saudi Aramco Further Increases Scope Of Karan Gas Project
...expanded Khursaniyah gas plant for planned end-December 2011 start-up. Karan gas is high in sulfur, adding to the cost development, which will far outweigh the usual 75 cents/mn BTU internal Saudi gas price (MEES, 28 January). Reserves of around 7 tcf have been announced for the field, but ME...
Volume: 51Issue: 42Published at Mon, 20 Oct 2008 -
Occidental Wins $500Mn Abu Dhabi Field Development Deal
...,000 boed of capacity from as soon as 2011, the statement added. Ramhan, located in very shallow water near the Abu Dhabi refinery, was tested in 1992, flowing at a combined rate of 1,750b/d and 14mn cfd. In addition to the initial field developments, Occidental’s $500mn investment program “will in...
Volume: 51Issue: 41Published at Mon, 13 Oct 2008 -
Armenia To Lose Russian Gas Subsidies
...e gradual harmonization in the prices paid by Armenia with what Gazprom charges its European clients. This should be achieved by 2011. Armenia will pay $154/1,000 cu ms for gas next year, 40% up from the current price, rising to $200/1,000 cu ms in 2010. Next year’s pricing will come into effect on...
Volume: 51Issue: 40Published at Mon, 06 Oct 2008 -
Sinopec To Take Over Canada’s Tanganyika Oil
...volved in a 100,000 b/d refinery project in Abu Khashab, northeast of Deir Ez-Zor, planned to start up in 2011. Given China’s rising demand for energy, Chinese companies are expected to press on with efforts to boost their oil investments in the oil producing areas of the Middle East. To go through, the Ta...
Volume: 51Issue: 40Published at Mon, 06 Oct 2008