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Libya Gas Exports To Italy Pick Up
...d (3.23 bcm) for 2021, the lowest annual figure since 2011, when that year’s revolutionary anarchy completely halted exports for several months (see chart). Supplies have now fallen each year since 2019 after the completion of the second phase of the Bahr Essalam project which bumped capacity by 40...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Egypt Extends Deadline On Key Offshore Block
...05). A development lease had already been granted based on four gas fields discovered by Apache, and Hess made a further discovery (Dekhila) in 2008 (MEES, 22 December 2008). But though production had been slated to begin in 2009, development never happened. Hess relinquished the block in 2011 having fa...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Egypt Posts 10-Year High LNG Exports Of 6.8mn Tons For 2021
...ghest monthly figures since 2011 (see charts 1 & 2). Egypt has two LNG liquefaction facilities. The 7.2mn t/y ELNG terminal at Idku (Shell 36.75%, Petronas 36.75%, TotalEnergies 2.5% and 12% each for Egypt state firms EGPC and Egas) shipped 3.82mn tons or 58 cargoes for 2021 according to figures fr...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Mideast Drilling At 10-Year Low Despite End-Year Uptick
...nce 2011. Saudi Arabia’s 62 was the lowest since 2005, Kuwait’s 25 the lowest since 2010, Iraq’s 39 the lowest since 2011, and the UAE’s 42 a six-year low (see chart 1). *With regional heavyweights bemoaning the risk of low industry investment, there are signs that they are now backing up ta...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
2021 LNG Imports: Qatar Extends Lead In Korea But Edged Out In Taiwan
...erage price for December suggests a greater reliance on term cargoes. For 2021 as a whole average prices were well within the bounds of historical norms, however. Korea paid an average of $11.17/mn BTU, up almost $3.50/mn BTU on 2020 but below the average price each year for 2011-15. Taiwan paid an av...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
‘The Opportunities Are Massive’: The Risks & Rewards Of Operating In Libya
...mbined production capacity of about 250,000 b/d (see map). A decade of near-continuous instability following the ouster of Gaddafi in 2011 has not done the country’s all-important oil sector any favors. The resulting fighting, mismanagement and forced shutdowns have left infrastructure in ta...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Libya’s 2021 Finances Boosted By Oil Revenues, Skewed By Dinar Devaluation
...nister Abdulhamid Dbeibeh was frequently accused of overspending to boost his popularity: hiking wages, granting generous marriage allowances, and awarding numerous government contracts. But in dollar terms, spending of $19.1bn was the lowest since 2011 – the year in which a bloody civil war ousted lo...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Apache Looks To Egypt Growth Following Contract Modernization
...5,000 b/d for 2022 and average growth of 8-10%/year out to 2025, hitting 190,000 b/d by the latter date. This would still be below output every year for 2011-2019, however, whilst for gas the news is less good with output merely “expected to remain relatively stable at 550-600mn cfd.” Stable that is with th...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Libya’s Harouge Hits 44,000 B/D In 2021, Eyes More
...start of the Naga field. Harouge, which is a 49:51 JV between Canada’s Suncor and Libya’s NOC, had an output capacity of almost 100,000 b/d before the 2011 revolution. But gross output levels have languished well below a third of this for much of the past decade due to a lack of maintenance, damage to fa...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Exxon Spuds Cyprus Well
...vuşoğlu said he had received assurances from Washington and Doha that any potential drilling would only take place in areas not claimed by Turkey. Glaucus, with an initial reserves estimate of 5-8tcf (MEES, 1 March 2019) was the third gas discovery to be made off Cyprus following 2011’s 4.1tcf Ap...
Volume: 64Issue: 51/52Published at Fri, 24 Dec 2021 -
Tunisia Lays Out Roadmap
...me day that marked the beginning of the Tunisian Revolution which ousted former ruler Zine El Abidine Ben Ali one month later in January 2011. A roadmap had been a key demand of many political and civil society organizations since the president’s move to suspend parliament and assume executive po...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
BP’s Egypt Raven Outages Dampen Late Year LNG Export Hopes
...ll in LNG exports. With December’s exports now set to be lower still, exports for 2021 as a whole are now set to fall short of 2011’s 6.90mn tons, though at 5.97mn tons for 11M21 volumes are already well ahead of 2012’s 5.33mn tons for a 10-year high (see chart). Spluttering exports earlier th...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Libya’s Road To 2mn b/d: Stability Is Key
...y topic dominated discussions above all others: the need for stability. “If stability can be granted, I think Libya can move ahead very quick,” says Wanis Elruemi, country manager for Eni which is Libya’s top foreign producer. The fall of Muammar Gaddafi in 2011 and the subsequent fr...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Shell Return To Libya?
...sets in Libya and quit its exploration acreage in 2012 citing “disappointing” results from an “extensive seismic and drilling campaign” (MEES, 4 June 2012). It was drilling its fifth exploration well out of a planned 18 when revolution hit in early 2011. Shell did however make a point of stressing that th...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Israel Gas Output Record As Pipeline Delay Stymies Planned 2022 Egypt Export Boost
...e first time the potential pipeline tie-in route for development of Cyprus’ 4.1tcf 2011 Aphrodite discovery (Chevron 35%op, Shell 35%, Delek 30%). This shows the potential Aphrodite pipeline skirting Israel’s exclusive economic zone before tying in to the prospective pipeline connecting Le...
Volume: 64Issue: 47Published at Fri, 26 Nov 2021 -
Kuwait’s Oil Sector Faces More Turbulence With Shake-Up Proposal
...me since any oil minister enjoyed such a tenure. Since 2011, Kuwait has had nine oil ministers. If the minister also ran KPC, such turnover would be highly disruptive. With the government resigning earlier this month (MEES, 12 November) and Sheikh Sabah Al-Khaled Al-Sabah tasked on 24 November wi...
Volume: 64Issue: 47Published at Fri, 26 Nov 2021 -
Heightened Political Tensions Threaten Libya’s Oil Ambitions
...gures. At stake is the stability of a country which has been enveloped in almost constant chaos since the 2011 revolution. For the oil sector, a return to political division, or even war, would crush hopes of boosting oil production. GADDAFI’S RETURN Saif al-Islam Gaddafi, the son of former ru...
Volume: 64Issue: 46Published at Fri, 19 Nov 2021 -
Libya In Race Against Time To Boost Output
...ve to exploit what we have quickly and develop our country and Africa,” he told this week’s Africa Energy Week conference in Cape Town. Libya’s near-constant instability since the overthrow of Muammar Gaddafi in 2011 has hampered efforts to rebuild the lifeline oil sector. Production is currently 1....
Volume: 64Issue: 45Published at Fri, 12 Nov 2021 -
Egypt LNG Exports Rebound To 12-Year High
...peat of October volumes for the last two months of 2021 would leave this year neck-and-neck with 2011’s 6.9mn tons (see chart 2). This is a swift turnaround from just two months ago when Egas had informed Shell and Eni that gas shortages could lead to reduced exports over the coming months (MEES, 17...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Algeria-Morocco-Spain: Key Gas Pipeline Stops Flowing
...LIVERED 85BCM OF GAS TO SPAIN SINCE 2010, AROUND HALF OF ALL ALGERIA-SPAIN GAS SHIPMENTS OVER THIS PERIOD (BCM) MEDGAZ STARTS UP IN 2011. SOURCE: ENAGAS, CORES, KPLER, MEES. THE GME PIPELINE: A SEVERED LINK BETWEEN ALGERIA, MOROCCO AND SPAIN 2: ALGERIA-TO-SPAIN PIPED GA...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021