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Israel-Iran Conflict Exposes East Med Gas Interdependence
...e recent conflict provides Chevron with a plausible excuse not to dip into its deep pockets to fund a multi-billion-dollar project like a Cyprus LNG plant; any new Israel conflict would risk depriving the plant of its main feedstock. For Cyprus, Aphrodite, it’s first discovery made in 2011, is no...
Volume: 68Issue: 27Published at Fri, 04 Jul 2025 -
Iraq Turns To Turkey To Ease Electricity Shortages
...stem operator TEİAŞ continues to list allocated capacity at up to 300MW out to December 2025. There is also a second line linking Turkey’s Silopi to Kurdistan’s Zakho, but this has not been used since 2011, and attempts to restart the line in 2021 fell apart due to disagreements with Turkish energy tr...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025 -
UAE Nuclear Powergen Soars, As Saudi Seeks US Partnership
...5MW Bushehr-1 reactor in 2011, a decade after work on the plant had resumed in 2001 after being halted by the 1979 revolution (MEES, 7 September 2012). Bushehr-1 generates around 6TWh annually – around 15% of the UAE total (see chart) – but while Iran was a regional pioneer, plans for Russia’s Rosatom to...
Volume: 68Issue: 22Published at Fri, 30 May 2025 -
Can Iran’s Nuclear Power Program Offset Surging Consumption?
...ngthy delays, Bushehr-1 began supplying Iran’s grid in 2011, and typically supplies around 6TWh annually. Officials subsequently announced plans for two additional plants at Bushehr (bringing the total there to four), as part of a broader plan to generate 20GW from nuclear alone by 2030. 15 years on fr...
Volume: 68Issue: 21Published at Fri, 23 May 2025 -
Trump Offers Syria ‘Chance At Greatness,’ Pledges To Remove US Sanctions
...ther exit or restructure in the country. The harshest sanctions regime to date came with the outbreak of Syria’s civil war in 2011 when the US – this time joined by the European Union and the Arab League – targeted the Central Bank of Syria as well as its oil sector, which was a key source of re...
Volume: 68Issue: 20Published at Fri, 16 May 2025 -
Chevron Eyes Egypt Expansion As Israel Output Closes In On Record High
...evron’s unwillingness to consider potential synergies with Cyprus,” the source tells MEES. Chevron also gained Cyprus’ 3.5tcf Aphrodite field in the Noble transaction, but despite the field being discovered in 2011 it has yet to be developed. Aphrodite is located just 30km from Leviathan (see box). “Ch...
Volume: 68Issue: 19Published at Fri, 09 May 2025 -
Libya ‘Open For Business’ As Bid Round Eyes Global Majors
...pecting to award the new contracts during the last week of November. In terms of eligibility, many small and medium companies – including several that were operating in Libya prior to the 2011 civil war – were left disappointed after realizing during the presentation that they do not meet the minimum op...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
Oman State Upstream Firm Targets 2025 Growth Via Acquisitions & Upgrades
...cond onshore block OQEP operates after Block 60. OQEP signed an exploration and production sharing agreement for Block 60 back in 2011. By 2014 it brought online the Abu Tabul tight gas field (MEES, 23 January 2015) where output averaged 20.1mn cfd for 1H 2024. This was followed by the discovery of the Bi...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
...24). The Satis-1 Oligocene discovery was drilled in 2008 to a total depth of 5,883ms with Satis-3 drilled to a total depth of 6,592ms the following year. The block also contains the 2011 Salmon-1 Pliocene discovery which was drilled to a total depth of 1,632ms. The block has 1.1tcf of gas in place, EUG sa...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Nuclear, Renewables Drive Abu Dhabi’s Gas-For-Power Demand To Fresh Lows
...u Dhabi and Fujairah increased by 6% last year to a record 108.5TWh. The continued growth in clean-power generation means that Ewec’s gas consumption fell for the seventh consecutive year to 1.67bn cfd, the lowest figure since 2011 (see chart 2). Ewec’s gas consumption is now down 680mn cfd from its 20...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Repsol ‘Optimistic’ As Libya’s Sharara Output Hits Five-Year High
...arly 60,000 b/d before the 2011 revolution but output has averaged 25-30,000 b/d in recent years. LIBYA’S SHARARA CONCESSION: AVERAGE OUTPUT SLUMPED TO 200,000 B/D FOR 2024 ON THE BACK OF LENGTHY OUTAGES (‘000 B/D).... ...BUT NEW DRILLING CONTINUED APACE. REPSOL SAYS CAPACITY LEAPT BY 37,000 B/D OV...
Volume: 68Issue: 09Published at Fri, 28 Feb 2025 -
Cyprus Eyes Gas Riches: Cronos And Aphrodite Plans Advance, Destination Egypt
...uld be 2031, 20 years after discovery, before Chevron achieves first output. Cyprus’ 3.5tcf Aphrodite field, the Mediterranean island’s first gas discovery in 2011, has a new development plan after Nicosia on 14 February accepted proposals filed by Chevron in September that envisage 800mn cfd ou...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Morocco Looks To Renewables In Western Sahara Recognition Powerplay
...rst wind project which started up in 2011. It has since been joined by Saudi Arabia’s Acwa Power – Riyadh is a longstanding ally of Rabat and has long accepted Morocco’s control over Western Sahara – and Italy’s Enel. Meanwhile French national champion Engie (formerly Gaz de France) partners Mo...
Volume: 68Issue: 05Published at Fri, 31 Jan 2025 -
Libya Welcomes Frozen Asset Breakthrough
...The Libyan Investment Authority (LIA) – Libya’s sovereign wealth fund – this week hailed two long-awaited decisions regarding its overseas frozen assets, an estimated $68bn that the country has struggled to recover since the 2011 ouster of dictator Muammar Gaddafi (MEES, 7 August 2015). On...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
Eni/Kogas Quit Cyprus Blocks As Development Plans Awaited
...tension to the standstill, MEES understands. Aphrodite was Cyprus’ first gas find in December 2011. But amid protracted wrangles over contractual terms (MEES, 30 August 2024), it may be overtaken by Cronos as the first Cyprus field to reach production. CYPRUS KEY BLOCKS & GAS DISCOVERIES...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
New Syria Seeks ‘Jordanian Gas’ To Alleviate Power Shortages
...s flows via the AGP in 2011 – was in a condition to accept renewed flows. POWERSHIPS: NETWORK HURDLES Ç Should the ‘Jordanian gas’ option fail to materialize, Mr Shaqrouq says an alternative is to hire one or more floating power plants, potentially operated by Turkish fi...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
Libya Ends 2024 With 1.4mn b/d Crude Milestone As Bid Round Remains Stalled
...INSTABILITY The instability that has plagued Libya’s vital oil and gas sector since the 2011 revolution that ousted longtime ruler Muammar Gaddafi has made IOCs wary of committing to serious investments in the country (MEES, 19 January 2024). Ambitious plans to boost crude ou...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025 -
Libya Instability Returns With Zawiya Force Majeure
...ssible to end these clashes and keep oil facilities out of the conflict zone, regardless of the causes or motives.” INSTABILITY RETURNS The incident is the latest episode of instability that has plagued Libya’s vital oil and gas sector in the near 14 years since the country’s 2011 re...
Volume: 67Issue: 51/52Published at Fri, 20 Dec 2024 -
Qatar Slams EU Over Rules It Says Will Halt Bilateral LNG Trade
...sitions regarding the primacy of the energy transition over energy security. Qatar’s LNG exports to Europe peaked back in 2011. But since then the emirate had faced more competition from the likes of Russia, and since 2016, the USA. Even with Qatar lifting exports to Europe in 2022, they re...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Cyprus Hopes For Mega Exxon Elektra Find To Jolt Its Gas Sector To Life
...ock 3 (MEES, 16 February 2018) in a move it said was linked to defending the interests of the Turkish Cypriot community who mostly live on the northern third of the island which has been occupied by Turkey since 1974. Beyond the discovery of Aphrodite, 13 years ago in late 2011, Cyprus has seen fo...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024