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Noble Says Tamar And Dalit Could Supply Two Decades Of Projected Gas Needs
...oduction by 2012, although some observers say 2014-15 is more realistic. The latest reserves estimate for Tamar compares with a previous estimate of 5 tcf, and is double the original reserves estimate (MEES, 16 February). Despite the size of the discovery, Israel’s Natural Gas Authority is moving ahead wi...
Volume: 52Issue: 28Published at Mon, 13 Jul 2009 -
RasGas Launching Bond Issue To Complete $10Bn Funding Program
...total $2.23bn, although could be subject to change, and is divided into a series of three with bullet maturities – the E series is worth $500mn, maturing in 2012; the F series worth $1.115mn, maturing in 2014; and G series of $615mn, maturing in 2019. The bonds, along with an ExxonMobil loan of...
Volume: 52Issue: 28Published at Mon, 13 Jul 2009 -
Poland Signs Long-Term Agreement For Qatari LNG
...d Polish state firm PGNiG, and calls for the delivery of 1.5 bcm/year of gas (1mn tons/year of LNG) over the period 2014-34 to an LNG receiving terminal to be built at Swinoujscie on Poland’s Baltic Sea coast. Mr Grad said that the contract would be worth around $500mn/year, and that the LNG wo...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Saudi Aramco And ConocoPhillips Relaunch Yanbu' Refinery Bidding
...re being floated around last year. Major packages for Yanbu', which is scheduled to start up in the third quarter of 2014, include a coker unit, crude facility, gasoline unit, hydrocracker, tank farm, offsite pipelines and high voltage electrical packages, as well as other infrastructure pa...
Volume: 52Issue: 27Published at Mon, 06 Jul 2009 -
Algeria Aims To Boost Domestic LPG Consumption, Reduce Costly Diesel Imports
...ound 500, and to double domestic sales of LPG for transportation purposes to 600,000 t/y by 2014. Currently only 7% of the cars in Algeria run on LPG, compared to 79% that run on gasoline and 14% that run on diesel, despite the fact that Algeria produces around 9mn t/y of the fuel. As well as the ex...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
Israel To Build Offshore LNG Receiving Terminal ‘By 2013’
...begin production in 2013. But the field, which is thought to have reserves of 5-7 tcf of gas, is located at a depth of more than 15,000ft in 5,500ft (1,677ms) of water, and some observers believe that 2014-15 is now the most likely start-up date. Noble is currently drawing up a more accurate es...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
JGC Wins Management Contract For PETRORabigh Expansion
...11, with start-up due in 2014. PETRORabigh Phase II involves construction of a 30mn cfd ethane cracker, a 2.5-3mn tons/year naphtha reforming complex, an aromatics complex that will receive around 2mn t/y of the reformate as feedstock, and 17 worldscale derivatives units that will receive benzene an...
Volume: 52Issue: 26Published at Mon, 29 Jun 2009 -
QP Eyes Decision On 250,000 B/D Shaheen Refinery
...ght, al-Shaheen is unlikely to come on stream before 2014. Meanwhile, start-up of Qatar’s new condensate refinery, currently being commissioned, is taking longer than anticipated and the 146,000 b/d plant is unlikely to begin full scale production until the fourth quarter. Also, internal QP es...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
Socar Starts Talks On ACG Deep Gas Drilling
...ojects for supply of gas from the Shah Deniz Phase 2 development in the Caspian Sea. Mr Aliyev said that the second production phase would deliver up to 16 bcm/year by 2014-15. Although the EU has declared support for both pipelines in a bid to reduce reliance on Russian gas supplies (MEES, 18 May), Mr...
Volume: 52Issue: 23Published at Mon, 08 Jun 2009 -
Gasco Concession Renewal Terms Viewed As Tough On International Partners
...scribed as very tough on the international partners. But they were finally prepared to accept them, said one ADNOC source, because of their other aspirations in Abu Dhabi: their wish to obtain the renewal of the concessions for oil and gas production that are due to expire in 2014 and 2018. Gasco’s br...
Volume: 52Issue: 22Published at Mon, 01 Jun 2009 -
NOC Hints At 700,000 B/D Reduction In Output Target
...existing oil fields, and to that end NOC has signed a rash of development agreements with its partners since October 2007. But many of the field development plans are not likely to be completed until 2014 at the earliest (MEES, 17 November)....
Volume: 52Issue: 21Published at Mon, 25 May 2009 -
Masdar To Invest In London Array Wind Farm After UK Agrees Subsidy
...chnology as we move toward a low carbon future.” The British government allocated £525mn in the 2009 budget for offshore wind subsidies between 2011 and 2014, much of them for the London Array project. Alastair Darling, Chancellor of the Exchequer, announced last month that a further £4bn in subsidies co...
Volume: 52Issue: 20Published at Mon, 18 May 2009 -
Bulgaria And Qatar Holds Further LNG Talks, As Poland Signs Deal With Qatargas
...NiG and Qatargas of a 20-year framework agreement for the supply of 1mn tons/year of LNG beginning in 2014. The shipments, to be delivered by Qatar’s Q-Flex LNG carriers to a deepwater terminal under construction at Swinoujscie, will provide some 1.4 bcm/year of gas, or roughly 6% of Poland’s fo...
Volume: 52Issue: 19Published at Mon, 11 May 2009 -
Fifteen Firms Seeking To Bid For Tiaret Refinery Project
...mpletion in 2014, will have a capacity of 15mn tons/year, with the petroleum products, notably gasoline, gasoil, jet fuel, butane, propane and naphtha, destined for the local market and for export. Algeria’s existing refining capacity stands at around 22mn t/y and is in the process of being expanded to 26...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
IMF Says Lebanon So Far Unaffected By Global Financial Crisis
...ternational trends. Lebanon: Selected Economic Indicators 2006-14 2006 Prel Act 2007 Prel Act 2008 Est 2009 Proj 2010 Proj 2011 Proj 2012 Proj 2013 Proj 2014 Proj Output and Pr...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
PGNiG Signs LNG Deal With Qatargas
...quefied natural gas over 20 years. The LNG will be delivered from 2014 into a terminal being built at the Baltic port of Świnoujście, which will be able to take the new Q-Flex class of LNG carriers. The agreement is part of Poland’s drive to reduce its dependence on Russia, currently its main su...
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
PETRORabigh Phase II MOU Signed By Saudi Aramco And Sumitomo
...ne 2010, and Phase II should come on line by the third quarter of 2014, Saudi Aramco said in a 20 April press release....
Volume: 52Issue: 17Published at Mon, 27 Apr 2009 -
Moody’s Rates Qatar’s $3Bn Bond Issuance At Aa2
...vernment of Qatar’s existing issuer ratings are also Aa2 with a stable outlook. The total size of the bond issuance was $3bn, split into two tranches: a $2bn tranche maturing in 2014 and a $1bn tranche maturing in 2019. The proceeds from the bonds will be used for general funding, including the pr...
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Saudi Aramco Looks To Implement PETRORabigh II Amid Downstream Go-Slow
...raxylene feedstock from the aromatics complex. A propylene unit will utilize ethylene and a mixed C4 stream, and will also supply the derivatives units. Once the project gets final approval, construction should begin in 2011 with start-up due in 2014....
Volume: 52Issue: 15Published at Mon, 13 Apr 2009 -
Abu Dhabi Launches $10Bn Global Note Program
...oup. Abu Dhabi is using a phased approach, and the initial note offering last week was two tranches of $1.5bn, one maturing in 2014, priced at 400 bps over treasuries and the other in 2019, priced at 420 bps over treasuries. Moody’s estimates that the total envisaged size of the program is $10bn. ME...
Volume: 52Issue: 14Published at Mon, 06 Apr 2009