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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...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
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...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
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...
Volume: 54Issue: 43Published at Mon, 24 Oct 2011 -
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 -
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...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
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...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
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...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
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...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
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...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
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...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010