EU Crude Imports By Origin & Grade 2011-2015 (‘000 B/D)

Algeria Boosts Its Share In Spain’s Gas Imports In 2015

...ntracts with Spanish buyers, according to data from Cedigaz, equivalent to a total of 14.92 bcm/year. This includes a 0.96 bcm/year, 20-year contract through the Medgaz link with France’s Engie which dates back to 2006, even if commercial flows through the pipeline only started in 2011. The other 13.96 bc...

Iran Eyes Growing Gas Shipments To Armenia, Turkey

...at Armenia would be able to transfer 0.5 bcm/year of Iranian gas to Georgia. BREAKTHROUGH ON TURKISH PRICING? Iranian and Turkish officials said on 2 February that the International Court of Arbitration had ruled that Iran should cut the cost of gas exports to Turkey backdated to 2011. Turkey ha...

East Asian Importers Take Less LNG In 2015; Little Sign Of An Upturn In 2016

...pply coming onstream, from Australia and the US in particular, means that for Middle East producers, starting with Qatar, the competition is becoming increasingly palpable. JAPAN: NUCLEAR RESTARTS Japan notched up three straight years of record 87mn tons-plus LNG imports following 2011’s Fu...

Suez Canal Oil Transit Hits 2015 Peak But Revenues Fall

...s demand across Europe as a whole has fallen significantly in recent years, so that northward LNG transit was far short of the 37.98mn tons record of 2011. LPG transit northwards continued to decline, falling over 42% to 299,000 tons. One factor is Gulf LPG producers increasingly directing their ou...

Sinai Instability Headache For Regional Pipeline Plans

...peline south of Arish, in the north of Egypt’s lawless Sinai Peninsula. The pipeline linking Egypt with Jordan (and in theory Syria and Lebanon) has been the target of militants on more than 30 occasions since 2011.   Though Egypt was contracted to supply 250mn cfd, no gas has reached Jordan si...

Taiwan LNG Imports January-September 2015

...15 2010 2011 2012 2013 2014 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Ju...

China LNG Imports To Q3 2015 (‘000 Tons)*

...ns)*                         2015 Monthly Breakdown             Rank'14   2011 2012 20...

Japanese LNG Imports 3Q15

...-Jul 15-Jun 15-May 15-Apr 2014 2013 2012 2011 2010 2009 Australia 5....

South Korean 3Q15 LNG Imports

...-Jun 15-May 15-Apr 2014 2013 2012 2011 2010 2009 Qatar 2.93 0....

Qatar Out To Woo LNG Customers In Face Of Increased Competition

...clear fleet remained idle in the aftermath of 2011’s Fukushima disaster. It is also Qatar’s top LNG buyer: Japanese utilities took 16.14mn tons of Qatari LNG last year. But Qatar needs to be more agile if it wants to maintain export levels and revenue in the context of new LNG supplies reaching the ma...

Morocco’s LNG Plans Pose More Questions Than Answers

...nvention signed with Sonatrach in 2011, Morocco will become the full owner of its section of the GME pipeline in 2021, which is hoped will give it leverage when renegotiating the contract with the Algerian supplier. “We want to diversify our sources,” Mr Gamah says, adding that future LNG supplies, and an on...

Egypt Awards Four Offshore Gas Blocks Following August 30tcf Discovery

...ypt, accounting for roughly one third of Egypt’s 4.24bn cfd of gas output. But output has been on the decline, falling to just 1.53mn cfd last year, with output from the BP/Eni fields down by a total of 524mn cfd since 2011. Of the four producing Eni/BP offshore Nile Delta concessions, only North Po...

LNG Shipping Business Sailing Choppy Waters

...ant Prelude floating project. Ship orders rose significantly in the aftermath of the 2011 Great East Japan Earthquake and Fukushima nuclear accident – only 22 ships (excluding small-scale ships) were on order at the start of 2011. With Japan’s increased need for LNG to fill the gap in power ge...

Middle East LNG Demand Impetus Takes Market By Surprise

...ay small compared with the global balance, but the niche markets in the Middle East and are absorbing the amount of incremental LNG going to Europe, which usually acts as a balancing market. Middle East imports – led by Kuwait and Dubai (and Israel to some extent) – grew from 1mn tons in 2011 to 1....

LNG Demand Outlook Looks Bearish As Japan Restarts Nuclear Plant

...t to come under further pressure. The restart of a first reactor at Japan’s Sendai nuclear plant this week marks a key step in the country’s drawn-out efforts to bring back its nuclear fleet, following the March 2011 tsunami and ensuing nuclear crisis. The news is bearish for LNG prices, es...

JAPANESE LNG IMPORTS 2005-2015

...VOLUME (mn tons) 2005 2006 2007 2008 2009 2010 2011 2012 2013 20...

EU-Algiers Political Efforts Out Of Touch With Market Realities

...e Transmed pipeline averaged around 780mn cfd in Q2 2014, down from 840mn cfd a year ago. This was higher than 632mn cfd in Q1 2015.  ALGERIA’S PIPELINE GAS EXPORTS (bcm /y)   2011 2012 2013 20...

New Suez Canal Begins Testing Ahead Of 6 August Grand Opening

...1H14 1H14 2014 2013 2012 2011 Oil Total 8,427 6,934 6,857 22,218 +13...

In Search Of Iran’s Market Share

...wn Iran’s ‘lost’ market share. Overall, Iran’s crude exports are down by about 1.2mn b/d since 2011 after the US and EU ramped up sanctions in early 2012. SAUDI STRUGGLE The obvious first place to look for Iran’s market share is across the Gulf in Saudi Arabia. The kingdom posted all-time re...