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Saudi Oil Exports Hit New Peak But Crude Burn Rises
...-year but were the highest since 2014 (see chart 3). However, February’s fall in fuel oil consumption meant that total oil burn that month remained down year-on-year. Sizeable cuts in oil-fired power generation are unlikely until 2019 when the 2.5bn cfd Fadhili plant is due to come online (ME...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
OMV Restarts Yemen Output
...curity situation forced delays, production hit a record 14,500 b/d in 2014. OMV in early 2015 forecast the completion of the phase-2 wells and the central processing facility by the end of the year with plateau output of 23,000 b/d hit in 2016. But the firm halted its Yemen operations from April 20...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
Israeli Gas Development: Can The Domestic Power Market Absorb It?
...soil consumption falling to around 10,000 b/d (1% of demand) since 2014 (see chart, and data, p9). But perhaps the best chance of Noble snagging additional domestic gas customers is from industrial end users. Here demand has been limited by supply with a number of gas-fired industrial projects po...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Iraq’s Power Generators Gorge On Rising Gas, Cutting Crude Burn
...0,000 b/d in 2016 and the highest level since 570,000 b/d was processed in 1H 2014, just before the Baiji refinery was trashed. Although the ministry’s SCOP engineering unit has been able to repair small refineries and is currently working on rebuilding one of Baiji’s three units, it has had no success in at...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018 -
Dewa Awards Gas-Fired Power Project
...tensive LNG export commitments – around 90% goes to Japan, which took 4.68mn tons in 2017 down from 4.99mn t in 2016 and a record 5.70mn t in 2014 (see chart, MEES, 16 February). This means that the UAE only achieves gas balance by importing 1.7bn cfd via the Dolphin pipeline from Qatar to Abu Dhabi as...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Iraq’s Crude Burn Falls From Peak As Generators Exploit Alternative Fuels
...NERATION (MW) Plant type 2014 2015 2016 2017 Steam turbine 3,...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Saudi Electricity Borrows $2.6bn To Fund Capital Projects As Debts Soar
...test loan is the firm’s largest from the international finance sector, it is dwarfed by a $13.2bn government ‘soft loan’ provided in 2014 (see table). The firm’s total stock of finance market lending is now almost double that sourced from the government. Nevertheless, money owed to the Ministry of Fi...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Israel-Jordan Spat Threatens Already Precarious Cooperation
...ivately-owned Arab Potash plant at the southern end of the Dead Sea has been taking gas from Israel’s Tamar field (also operated by Noble) since Q1 2017 under a 1.9bcm, 15-year deal inked in 2014. On an economic level the Leviathan deal looks to be a boon for Israel and Jordan alike. Israel has st...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Saudi Shortlists Two In Solar Tender – But Not The Cheapest
...ant, which was inaugurated in 2014 after being built as a pilot project by state petroleum firm Bapco to supply some electricity to its Awali refinery. Iran is the largest renewables operator in the region, with 11.64GW of end-2016 capacity. However, 11.49GW (99%) of this is hydropower. Iran’s en...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Riyadh Set To Push For Saudi Power Privatization In 2018
...rkets to fund capital programs. Most recently SEC secured a $1.75bn international syndicated loan, taking to $36.2bn the total of outside funding raised since 2007 – including a $13.2bn ‘soft loan’ from the Ministry of Finance. SEC’s lending was highest during 2014-16, with $3.7bn raised in both 2014 an...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Iraq Adds Upgrades To Gas-Fired Plans, Keeping Pressure On Rising Supplies
...ard further upgrading projects, given that only 16.91GW of existing capacity is operable out of an installed capacity of 26.15GW. Yet despite the strain on Iraq’s gas resources, gas turbine plants are expected to provide up to 56% of Iraq’s electricity this year, up from 47% in 2014 (see tables). On...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Algeria Eyes 2.4gw Power Capacity Boost By Mid-2018, But Money Is Tight
...ojects which have been announced by Sonelgaz in recent years – 26 plants with a combined capacity of 13.7GW were listed by Sonelgaz as scheduled to begin commissioning during 2014-16 (MEES, 6 November 2015). While some of these have been completed and others are progressing, the overall rate of progress ha...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Abu Dhabi’s Taqa: Power Steady But Upstream Slumps With Capex Cuts
...20.71bn ($5.64bn) in Q1-3 2014 when Brent prices averaged $107/B. POWER VS UPSTREAM: THE HARE & THE TORTOISE 2014 also marked the peak of the relative importance of the firm’s upstream oil and gas segment relative to the much more steady earnings mainly from Abu Dhabi’s power market wh...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
Abu Dhabi Completes 1.6GW Gas-Fired Plant
...d Construction and Hyundai Engineering, and Italy’s Ansaldo Energia (MEES, 11 July 2014). DASH FROM GAS The additional 1.24GW of combined cycle gas turbine (CCGT) capacity will add up to 170mn cfd of fuel to Adwea’s gas requirement. The project is the last large gas-fired power plant in Abu Dh...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017 -
Aramco Targets 12GW Powergen Capacity By 2020, Seeks Supply License
...mpressors and turbines used in Aramco petroleum and petrochemicals facilities. The company last week announced a plan to manufacture gas turbines at the site under a long-term supply agreement with Aramco signed in 2014. While US conglomerate General Electric does not manufacture turbines or generators in...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
Algeria Plots Unlikely Power Capacity Boost Whilst Rejecting Foreign Funding
...utarfa said Sonelgaz had spent $5.5bn in 2015 and $5.6bn in 2014. Algiers was forced to increase power sector investment after blackouts in 2012 triggered violent protests. Sonelgaz hiked generating capacity by 2.8GW ahead of 2013 summer demand, by speeding the completion of two large power plants and de...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Iraq Sparking Up Gas-Fired Capacity, Despite Fuel Supply Constraints
...quire 1.2bn cfd of gas. FEDERAL IRAQ PEAK POWER GENERATION (MW) Plant type 2014 2015 2016 *20...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
Saudi Electricity Taps $1.75bn Loan For Capacity Expansion
...hieved. The deal is SEC’s largest syndicated loan to date. It takes to $36.2bn the outside funding the utility has secured since 2007, although the biggest single contribution was a $13.2bn ‘soft loan’ from the Ministry of Finance in 2014 (see table). The syndicated loan is SEC’s first foray into the in...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Bahrain: $670mn CCGT Funding
...oject. The Line 6 plant will have 540,000 tons/year output capacity, taking total smelting capacity to 1.5mn t/y. The power plant will normally burn gas, requiring up to 240mn cfd at full capacity. Bahrain’s annual gas output has been steady at 1.5bn cfd during 2014-16. Bahrain is expanding capacity of...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
EBRD Kick-Starts Egypt Solar With $500mn Investment In 16 PV Projects
...ypt,” says EBRD head of power and energy Harry Boyd-Carpenter. “We have been working with the Egyptian authorities since 2014 to help them fulfil their ambitious goals in this area. We are delighted now to be in a position to commit very significant financing to projects, which we expect to start co...
Volume: 60Issue: 24Published at Fri, 16 Jun 2017