Kuwait Urges Gulf Unity as Qatar Exports Rise Despite Embargo

...hrain and Egypt to isolate Qatar in order to force it to accede to their demands. Qatar’s export revenues totaled $16.5bn in Q3, the highest quarterly figure since Q4 2015. Full-year 2017 revenues are on track to hit $65bn, up 13% on 2016. However, this would still be more than $10bn less than in 20...

China 3Q17 LNG Imports (Mn Tons): Qatar On Course To Post 3-Year High In 2017 But Still Less Than Half Of Australia

Asian LNG Buying Up 13% In 2017, Chinese Imports Soar 44%

...llective purchases by Japan, South Korea, China, India and Taiwan are up 13.1% or 14.7mn tons year-on-year to 126.7mn tons for January-August 2017 (see chart). This puts volumes on track to smash 2016’s record 175.1mn tons (MEES, 10 March), which in turn accounted for fully two-thirds of the 263.6mn tons of...

Korea LNGImports: Volumes Leap 20% For Jan-Sep 2017 With Australia The Key Beneficiary

...*INCLUDES RE-IMPORTS. SOURCE: KOREA CUSTOMS SERVICE, MEES CALCULATIONS.   KOREA’S TOP FIVE LNG SUPPLIERS (MN TONS): QATAR STILL THE UNDISPUTED MARKET LEADER FOR JAN-SEP 2017 BUT AUSTRALIA CLOSING IN...

Mideast Drilling Stays Firm, Recovery Elsewhere Will Have To Wait

...illing at near-record levels in 2017, in stark contrast to the global trend of upstream underinvestment. The rig count for GCC countries was a collective 288 in September, just 17 off the all-time high of 305 set last October, and up 26% since the start of 2014 despite low oil prices and stretched bu...

Qatar Out To Woo LNG Customers In Face Of Increased Competition

...cording to analysts from Energy Aspects. The London-based group expects Japanese LNG imports to fall by 2.7mn tons in 2015, mostly due to milder weather, before falling by another 1.1mn tons in 2016 and by 1.9mn tons in 2017. INDIA… POLAND… Meanwhile, India has been taking less contracted LNG from Qa...

Egypt: Zohr Mega-Find Spurs Regional Gas Hub Ambitions

...ill three appraisal wells by the end of 2016, which, presuming they are successful, will then become production wells enabling first phase output of 700mn cfd from late 2017 or early 2018. Output would then ramp up to 2.7bn cfd by the second phase, with an expected life-span of 20 years. During th...

ENOC Forms Saudi Road Tankers Venture With Tristar

...sed in Jubail with initial capital of SR30mn ($8mn). ENOC-Tristar will begin with a small fleet of road tankers, expanding to 500 vehicles by 2017. It will also operate petroleum and chemicals storage facilities.   Burhan al-Hashimi, head of ENOC Retail, said: “ENOC has built strong industry pa...

Qatar Faces LNG Market Challenges

...e Sabine Pass project, and the next project that is likely to go ahead probably won’t read final investment decision (FID) until 2Q13, or even 2014; putting them in the 2017-18 time frame,” Mr Flower says.   But if Japan starts importing US LNG at Henry Hub prices, some feel this may re...