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Power Generation Set To Drive Middle East Oil Use Gains
...dustrial activity typically rises with economic activity. Consumption averaged 572,000 b/d for the first 11 months of 2022, up 70,000 b/d year-on-year. This is the highest figure since 2017, when the government implemented subsidy reforms to curb consumption and effectively pushed it out from power pl...
Volume: 66Issue: 04Published at Fri, 27 Jan 2023 -
Kuwait’s Need For LNG Slumps As New Al-Zour Refinery Ramps Up Fuel Oil Output
...FO pipeline from the refinery “will begin commissioning” after “filling and stabilization operations” on the first pipeline are completed. The construction project overseen by KOC also includes a gasoil pipeline. The $850mn pipeline contract was awarded to Italy’s Saipem in August 2017 and in...
Volume: 65Issue: 50Published at Fri, 16 Dec 2022 -
Egypt Taps Russian Oil, Israeli Gas To Keep LNG Exports Flowing
...wer plants in a bid to maximize gas available for LNG exports at record global spot prices (MEES, 23 September). Having been at just 20,000 b/d for much of 2020 and 2021, fuel oil burn is now running at the highest level since 2017 with August’s 119,000 b/d only marginally down on July’s four year mo...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
Anbar Power Plants To Build Case For Akkas Gas?
...lamic State terrorist group and was only re-captured in 2017 by government forces. But the price was the extensive destruction of the facility. The Ministry awarded another $82mn for reconstruction work which has been led by a local Iraqi contractor since at least 2020. The plant’s first 125MW unit wa...
Volume: 65Issue: 34Published at Fri, 26 Aug 2022 -
Saudi Gas Expansion Progress
...A key gas processing expansion project in Saudi Arabia is on track to be completed this year. The 1.07bn cfd Hawiyah gas plant expansion is being developed by Italy’s Saipem under a 2017 contract (MEES, 15 December 2017). Gas shortages mean that Saudi Arabia power and water desalination pl...
Volume: 65Issue: 30Published at Fri, 29 Jul 2022 -
Egypt Renewables Plans Pick Up Pace
...lar park in southern Egypt in 2017 (MEES, 1 November 2019). And wind capacity is set to surge ahead of solar in the coming years with 2.1GW of planned capacity at various stages of development, with just 700MW of solar planned. SHIFTING FOCUS Cairo has shifted from prioritizing co...
Volume: 65Issue: 21Published at Fri, 27 May 2022 -
Energean Karish FPSO Sets Sail, Adds Gas Sales Deal
...pply 0.8bcm/y (77mn cfd) to the newly privatized 700MW East Hagit Power Plant in northern Israel (MEES, 21 January). It is the second GSPA that Energean has signed with lead partner Edeltech, following an October 2017 deal to supply 2.5bcm of gas over 14 years (see table). Energean flags up that th...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Qatar’s Al Kharsaah Solar PV Plant Poised For Startup
...ES, 4 March). SIRAJ ENERGY: LEADING DIVERSIFICATION √ Siraj Energy was established in 2017 as a joint venture between state-run QatarEnergy (51%) and Qatar Electricity and Water Company (49%), with the aim of developing projects to...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Egypt Powergen Rebounds To Record For 2021 As Oil Burn Makes A Comeback
...lated effects coming on top of a long term downward trend from a 2016 peak after subsidies were phased out from 2017. As for the impact of Covid: 2020 household consumption actually was somewhat higher than 2019 as more people stayed at home, whilst for 2021 the main change was a higher summer peak, pe...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Abu Dhabi Gas Use Drops As Nuclear Meets Record Demand
...nsumed less gas than in any year since 2014 (see chart 3). Gas consumption peaked at 2.35bn cfd in 2017, but has since been steadily falling down to 2.21bn cfd last year. Ewec expects demand to continue rising in the coming years – first to 16.81GW this year, then above 17GW in 2023, before hitting 20...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Iraq Seeks To Import Qatari LNG, But How?
...ur facilities would appear a viable option. There have been previous moves towards gas interconnection between the two countries, although those focused on Iraq supplying Kuwait. Plans first mooted in 1985 and re-visited in 2017 and 2018 (MEES, 21 April 2017 & MEES, 27 April 2018) would have seen Ir...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Dubai’s Coal U-Turn Simplifies UAE Energy Messaging
...pacity to handle domestic demand without Hassyan. Capacity (including the first 600MW at Hassyan) exited 2021 at 13.2GW, and rose to 13.4GW last month, while MEES estimates that peak load was around 10GW (see chart 1). REVISING 2050 TARGETS When the UAE in 2017 set out its National En...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Algeria Launches 1GW Solar PV Tender
...hers, these projects are massively delayed. The contractor for Naama, Korea’s Samsung C&T is also working on the 1.45GW Mostaganem CCGT which has now been further pushed back to 2025. When the plant was awarded in 2014 the target for completion was 2017. Spanish contractor Duro Felguera’s 1.26GW Dj...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Energean’s Karish Sales In Doubt As Israel Gas-To-Power Market Hots Up
...y customers for its 7.2bcm/y (700mn cfd) Karish development offshore Israel. Of 7.1bcm/y (684mn cfd) in gas sales contracts, more than half is under threat. Energean’s three largest customers are all looking to back out of their gas purchases on contracts signed with Energean in 2017, citing de...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Saudi Government Approves Power Sector Shakeup
...14.9bn ($3.97bn) over the first nine months of 2021 versus a loss of $296mn for the same period of 2020. PRINCIPLE BUYER The SPPC was named as the ‘principal buyer’ of electricity from independent power producer (IPP) projects by the government in 2017. It describes its key responsibilities as...
Volume: 64Issue: 49Published at Fri, 10 Dec 2021 -
Japan Crude Imports: Record Mideast Share As UAE Overtakes Saudi
...ES, 6 August). Other UAE volumes for September included a 235,000-barrel cargo of Sharjah condensate, the first time Japan has taken the grade since March 2017. *Qatar, up 4% at 219,000 b/d for 9M 2021, has overtaken Kuwait, down 18% at 197,000 b/d for number three spot, though Kuwait was ah...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Egypt: Record Power Generation As Gas Output Rebounds
...79TWh (see chart 4). *Industrial use remains just below 2017-2018 levels at 3.67TWh for July (see chart 5). Business power consumption was the hardest hit by Covid but has witnessed a rebound since May with recent months in line with 2016-18 norms including 0.72TWh for July (see ch...
Volume: 64Issue: 41Published at Fri, 15 Oct 2021 -
Riyadh, Cairo Sign $1.8bn Power Connection Deals
...nafir to Saudi Arabia in 2017 (MEES, 4 August 2017). Saudi Energy Minister Prince Abdulaziz bin Salman heralded the deal as highlighting “the sound directives and proper guidance paid by the two brotherly countries.” Egypt and Saudi Arabia also emphasized the pan-Arab nature of the link, and th...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Algeria’s Gas Burn Surges Amid Record Power Demand
...ly 2017. Gas accounts for about 99% of Algeria’s power generation capacity, so any power demand increase directly translates into a rise in gas consumption. But a surge in sales gas output this year on the back of a slew of new project start-ups (MEES, 21 May) means any additional domestic demand ca...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Saudi Arabia Burning Record Oil Volumes
...ar. Crude oil burn is up year-on-year, but is broadly within historical norms. At 407,000 b/d in April, it was up by 52,000 b/d year-on-year to the highest April figure since 2017. For fuel oil meanwhile, consumption of 637,000 b/d was up nearly 100,000 b/d from 2020, to by far the biggest April fi...
Volume: 64Issue: 24Published at Fri, 18 Jun 2021