Algeria: Prices Up, Volumes Down, Projects Delayed

...16 2015 2014 Export Revenue 23.51 +4.10 +21.1 19...

Egypt Outlines Suez Downstream Plan, Canal Expansion Begins To Pay Off

...re the highest income since the $482mn earned in October 2015, although still 8% short of the record $510mn revenues of August 2014. The earnings rally is largely attributable to increased crude and products volumes transiting the canal. Northwards products volumes in particular are being boosted by...

Turkey 1H17 Gas Imports (Bcm): Iran On Track To Top Record 2014 Supplies But Still Less Than 1/3 Russian Volumes

Abu Dhabi: Has It A Future As An LNG Exporter?

...Tepco reducing its offtake from Adgas to minimum contracted levels, as it has new supply sources at its disposal. Tepco has been taking new volumes from ExxonMobil’s Papua New Guinea LNG project that started in 2014, and has signed up to a number of Australian projects scheduled to start from next ye...

Abu Dhabi: Has It A Future As An LNG Exporter?

...Tepco reducing its offtake from Adgas to minimum contracted levels, as it has new supply sources at its disposal. Tepco has been taking new volumes from ExxonMobil’s Papua New Guinea LNG project that started in 2014, and has signed up to a number of Australian projects scheduled to start from next ye...

South Sudan Crude Output Plumbs New Lows

...0,000 b/d in September amid ongoing political uncertainty and insecurity. Output, which was running at 350,000 b/d at independence in July 2011, averaged just 169,000 b/d in 2014 and 148,000 b/d in 2015. It has fallen further since the start of 2016 with the latest figures a fresh drop from 117,000 b/d in...

Falling Gas Prices Give Iran Dose of Realism

....93mn cfd) for 2014-15. Managing Director of Pars Oil and Gas Company (POGC) Ali Akbar Shabanpour said in June that output had risen to 431mn m³/d (15.2bn cfd, 157 bcm/year) and that it is planned to hit 526mn m³/d (191 bcm/y) by the end of the current Iranian year (March 2017). Averaging June ou...

Algeria: Crude Exports Down But Piped Gas Exports Soar

...rhaps due to the inclusion in the Sonatrach stats of condensate processing units – both figures are up, and up by a similar amount. The first half refinery throughput average suggests that Algeria is on track to match or even beat its annual throughput record, which was also 593,000 b/d and set in 2014...

Middle East LNG Demand Impetus Takes Market By Surprise

...7mn tons in 2014. But this year, new importers Jordan, Egypt and Pakistan have been added to the picture: the three countries received about 1mn tons of LNG in the second quarter of the year to meet seasonal demand, according to data from the French international association for gas, Cedigaz. That in...

Bapco, Aramco Award Pipeline Contracts

...hrain’s Awali field, along with Saudi volumes. The plant delivered an average 276,000 b/d of refined products in 2014, according to the Joint Organizations Data Initiative (JODI). Completion of the pipeline will enable Bapco to deliver extra oil to Sitra, where it intends to expand crude processing ca...

US Drilling: A ‘Double-Dip’ Recession?

...ices that have in recent weeks been languishing in the low-to-mid $40s/B for US marker WTI, way down on a June average of $60/B. >  The number of rigs in Iraq rebounded somewhat in August to 48 after collapsing to just 44 a month earlier, well below the recent high of 96 in June 2014. In addition to...

LNG Market Evolution: How Much Will Qatar Give Up?

...se on the back of reduced nuclear generation – some of its nuclear plants were taken offline for maintenance – and revamping work at one of its coal-fired power plants. It imported a total of 7.12mn tons in the first half of 2015, up around 15% pro-rata on 2014 imports. Qatar, which covered 47% of...

IOCs Hold Steady Despite Yemen’s Political Crisis

...ose, following six months of consultations over the signing of a new constitution and the forthcoming elections in 2014.    Organizers have decided to extend the process by another two weeks however, to allow participants more time to debate a number of as yet unresolved issues – primarily that of...

Qatargas Signs Flexible UK LNG Deal With Malaysian State Firm Petronas

...s shift from Europe and the US, where demand is falling, to the Asia-Pacific market.   Under the terms of the deal, Qatargas-4 – a joint venture, 70% controlled by Qatar Petroleum (QP) and 30% Shell – will supply Petronas’ Dragon LNG Terminal in Wales from January 2014; however, the deal is fl...

Jordan Seeks Products Terminal Bidders

...JORDAN   Jordan Seeks Products Terminal Bidders   Jordan’s Ministry of Energy and Mineral Resources has invited contractors to prequalify to build a strategic petroleum reserves terminal near ‘Amman during 2014-15. The ministry said the terminal will have capacity to store 25...

Iran, Pakistan Go Ahead With Pipeline Despite Finance Problems

...kistan (IP) gas pipeline. The 8.7 bcm/y capacity project, which is an extension of Iran’s IGAT-8 pipeline, was 75% completed by early June 2012, (MEES, 11 June). Completion on the Iranian side is expected by the 2Q or 3Q of 2014, and is linked to a 750mn cfd sales and purchase agreement the two sides fi...