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Region Needs $70Bn Investment Over 10 Years To Avoid Power Crisis
...ar (MEES, 9 August). Abu Dhabi is investing $20bn in four nuclear reactors with a capacity of 1.4gw each to come on line by 2017-20. There is no new planned major source of non-associated gas coming available before 2014, leaving the country’s gas output dependent on crude oil, whose production is cu...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
EU Facilitates Azeri-Turkmen Talks On Kyapaz/Serdar To Boost Nabucco
...mpressed natural gas (CNG) project, which could bring to Baku up to 4-5 bcm/year of gas by 2014-15, would have to be politically acceptable to Moscow before its implementation is seriously considered by Turkmen authorities. It is thought that the cost of shipping CNG between Azerbaijan and Turkmenistan co...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Ukraine Says LNG Project With Kazakhstan Postponed, Outlines Gas Production Plan
...fore 2014-15. On 15 June Ukraine’s Minister of Energy and Fuel Yuriy Boyko told News Azerbaijan that Kiev “is counting on 5 bcm/year of gas in the first stage and another 5 bcm/y in the second, for a total of 10 bcm/y of gas.” He added that building its own LNG facility near Odessa would cost Ukraine $1b...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Multi-Billion Dollar Financing Proposal Boosts Nabucco Project
...bcm/y of Shah Deniz Stage 2 natural gas, which is expected to become available as early as 2014-15. Furthermore, Nabucco intends to transport gas from Iraqi Kurdistan, where Nabucco consortium leader OMV and partner MOL of Hungary hold shares in the Khor Mor and Chemchemal gas fields as partners in...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
KNPC Awards Acid Gas Removal Plant Contract To Tecnimont
...nstruction of an acid gas removal plant to Italy’s Tecnimont on 6 September. The project will be executed on a lump sum turnkey basis for $406mn, KUNA reported. Completion is expected by 2014. The contract foresees the provision of engineering, procurement, construction and commissioning (EPCC) services for ne...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Egypt’s 2010-11 Budget To Pursue Growth Path
...ven the containment of the world financial crisis, his ministry envisages a reduction in the debt/GDP ratio to 55-60% by 2014-15 from 65.8% at end-December 2009 and the fall in the budget deficit/GDP ratio to 3.5% by 2014-15. This would require the adoption of fiscal measures and laws by parliament to br...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010