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BG Row Threatens Gulf Keystone’s Planned Sale Of Hassi Ba Hamou Stake
...r its interest in the block. The commercialization of gas discovered there is not expected until 2014....
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
When The Dust Settles Iraq’s Oil Will Flow
...ke it. Remember that the Energy Information Administration’s (EIA’s) best estimate for world consumption is that this will rise by only 7mn b/d by 2014. The strategy of technical support agreements, such as those under negotiation with the oil majors in 2008, should be revisited. These co...
Volume: 52Issue: 30Published at Mon, 27 Jul 2009 -
Nabucco Partners Sign Intergovernmental Agreement
...ll as Turkey apparently softening its stance on Nabucco, the 31 bcm/year pipeline project that is scheduled to start in 2014 received a significant boost with the surprise offer by Iraq’s Prime Minister Nuri al-Maliki at the signing ceremony to supply it with 15 bcm/year of gas. However, it re...
Volume: 52Issue: 29Published at Mon, 20 Jul 2009 -
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 -
IEA Medium Term Outlook Sees Crude Demand Growth Averaging 540,000 B/D To 2014
...Middle East Economic Survey VOL. LII No 27 6-Jul-2009 IEA Medium Term Outlook Sees Crude Demand Growth Averaging 540,000 B/D To 2014 The International Energy Agency (IEA) has forecast global oil demand as growing by 0.6% or 540,000 b/d per year on average between 2008 and 2014, fr...
Volume: 52Issue: 27Published at Mon, 06 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 -
Egypt Raises Gas Supplies To Israel After Reaching New Price Agreement
...vertheless, the original memorandum of understanding (MOU) potentially allows Israel to import up to 7 bcm/year of Egyptian gas. And with Israel’s big new gas discoveries not expected on stream before 2014, Cairo stands to benefit from its neighbor’s greater energy dependency, especially now that an ac...
Volume: 52Issue: 25Published at Mon, 22 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 -
Global Energy Market Challenges And Long Term Responses
...ughly 7.6mn b/d out of a total potential 14.5mn b/d between 2009 and 2014 is at risk due to the oil price collapse. Although economic growth in the oil producing countries is projected to slow due to the impact of the crisis, the period of high oil prices in the past few years provided some go...
Volume: 52Issue: 24Published at Mon, 15 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 -
IEA Sees Tougher Financing And Weakening Demand Hitting Energy Investment
...OC 2009 2012 25 Azadegan South II Iran Onshore Oil NIOC 2012 2014 11...
Volume: 52Issue: 22Published at Mon, 01 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 -
Nabucco Partners Turn To Kurdistan Region For Gas Supply; Baghdad Says No
...peline by 2014 ‒ a boost to the beleaguered Nabucco project that has been backed by the EU to obtain another source of much-needed gas. Pearl Petroleum is jointly owned by Sharjah-based partners Dana Gas and Crescent Petroleum. In April 2007 these signed long-term agreements with the KRG covering th...
Volume: 52Issue: 21Published at Mon, 25 May 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