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Algeria Gas Hopes Dashed As Touat Start-Up Pushed Back To 2019
...Algerian gas output will see a second straight year of decline this year with the company’s key expansion project, 4.5bcm/y Touat led by private equity firm Neptune Energy pushed back to 2019. The country’s sales gas production fell marginally to 94.5bcm for 2017 despite the start-up of th...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Turkey: Iran Imports Down
...is was before relations between the two supposed allies deteriorated further as US president Trump reveled in Turkey’s recent economic woes (MEES, 17August). Iraq was the biggest supplier to Turkey for June with 157,500 b/d, the most since May 2017. Iran was top supplier for the first five months of...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Egypt: Eni Strikes Gas
...serves.” Local media report that Eni is in talks with Shell to tie back the latest discovery to the latter’s 450mn cfd Obayed gas processing plant. Egypt is a key focus of Eni’s global upstream efforts with the giant offshore Zohr field coming onstream at the end of 2017 (MEES, 13 July). ...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Oman LNG Taps New Markets
...Oman’s LNG exports* to its six key Asian customers hit a five-year high of 4.39mn tons for 1H 2018, up 3.2% on 1H 2017, in turn the highest since 2013 (see chart). This comes as the country’s gas production has soared to record levels (MEES, 17 August). These six key customers between them ac...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
Yemen: Japan Takes Omv Cargo
...ptember 2017), with output coming from state-operated Blocks 10 and 14 in the country’s Masila basin. Exports averaged 42,300 b/d in 2017 but a dearth of by-country import data since March from key buyer China complicates more recent estimates. ...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
Total Exits Iran’s South Pars
...French major Total on 20 August confirmed its withdrawal from a $4.8bn 20-year deal to develop the 2bn cfd Phase 11 of Iran’s South Pars gas field (MEES, 7 June 2017), saying it was unable to secure a waiver from US sanctions (MEES, 10 August). Total, as operator with 50.1%, said in May it ha...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
Norway LNG Returns To Kuwait
...Kuwait may have halted its submissions of gas data to JODI – and of oil – but despite the dearth of data, summer imports of LNG for power generation show no sign of easing. While Qatar has traditionally been the dominant supplier, providing 43% of the 3.5mn ton total in 2017, Kuwait has so...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
Korea: Iran Vols Steady, For Now
...South Korea imported 185,000 b/d of crude and condensate from Iran in July, up slightly on May and June but down substantially on both the first four months of 2018 (285,000 b/d) and 2017 as a whole, when Korea was Iran’s #3 customer taking 361,000 b/d. Imports can be expected to fall to zero fo...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Caspian Five Sign Historic Deal
...erbaijan have the lion’s share. Iran’s Caspian reserves are relatively small, although very little exploration has taken place so far. Iran has also received cross-Caspian cargoes of Turkmen crude in a ‘swap’ deal which was revived last year (MEES, 13 October 2017). ...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Iraq: Majnoon Expansion Deal
...ntracts is proving to be a key alternative to Iraq’s cumbersome technical services contracts which continue to ward off IOCs (MEES, 22 September 2017). ...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Israel-Hamas Deal Enters Effect
...ich is characterized by the world’s highest unemployment rate (27.9% in 2017), daily power cuts (MEES, 30 March) and crippling goods shortages. But hostilities are never far from resumption. ...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Kufpec Raises $1.1bn Loan
...lies on ‘backdated’ purchases to bolster production figures, buying into two Norwegian gas fields last September (MEES, 8 September 2017). Its $900mn purchase of Shell’s stake in Thailand’s 1bn cfd Bongkot field fell through in October (MEES, 13 October 2017), but the July startup of train 2 at the 8....
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Japan Slashes Abu Dhabi LNG Imports
...r three years from 2019. Jera says that “This MOA is in line with the Japan Fair Trade Commission ruling issued in June 2017.” This ruling bars Japanese importers from inking new deals that contain ‘destination clauses’ preventing cargo resale (MEES, 28 July 2017). Jera was formed in 2015 as To...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Iraq Signs Baker Hughes Gas Deal
...e use of a 200mn cfd modular gas processing plant at Nasiriya. An initial contract was penned more than a year ago in July 2017 (MEES, 21 July 2017). Seeking to assuage local citizens who have joined nationwide protests, Oil Minister Jabbar al-Luaibi stressed that the work would create 500 jobs an...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018