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

...13 2014 2015^ 3Q14 4Q14 1Q15 2Q15 3Q15 Jan Feb Mar Apr Ma...

Japanese LNG Imports 3Q15

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

Total Eyes Return To Iran’s Pars LNG, Hopeful On Yemen

...ss than three weeks to restart operation and load tankers.” However, with the war in Yemen showing little sign of abating, a rapid restart appears highly unlikely. Yemen LNG shipped 6.78mn tons of LNG in 2014, but no cargoes since April (see chart). YEMEN LNG* OUTPUT/EXPORTS (MN TONS/YE...

Italy’s Gas Imports From Algeria: Up On Late 2014 But Less Than Half Pre-2013 Volumes (Mn Cfd)

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

...ilities like Chubu Electric, Tokyo Electric (Tepco), Kansai Electric and Tohoku Electric, as well as upstream player JX Nippon oil and gas and financial entities such as Bank of Tokyo and Sumitomo Mitsui Banking. Japan is the world’s largest LNG importer – it purchased a record 89.2mn tons in 2014 as its nu...

Egypt: Zohr Mega-Find Spurs Regional Gas Hub Ambitions

...cember 2014 that the two firms had formed a monopoly offshore Israel (MEES, 27 February). This ruling would have forced Noble and Delek to divest their interests in either Leviathan or Tamar, but the government stepped in and effectively usurped Mr Gilo, who has since stepped down. But Mr Gilo’s de...

Egypt Keeps-Up LNG Import Momentum With 55-Cargo Award

...llowing the arrival of Norwegian firm Höegh’s 550mn cfd Höegh Gallant floating storage and regasification unit (FSRU) at Ain Sukhna on the Red Sea. The vessel has been leased to EGAS for five years under a deal signed in November last year (MEES, 7 November 2014). Cairo says it expects four cargoes to ar...

Suez Canal: Saudi Diesel Boosts Northbound Volumes

...oduce transport fuels to Euro specifications. The 400,000 b/d Satorp refinery in Jubail was brought online in late 2013 and reached full capacity in mid-2014, while the 400,000 b/d Yasref refinery in Yanbu’ was started up in 2014 and is scheduled to reach full capacity this month. Cairo hopes to do...

Egypt Awards Four Offshore Gas Blocks Following August 30tcf Discovery

...ock 12), which is adjacent to the North Thekah and North Port Fouad blocks, awarded to Edison in 2014 following an earlier EGAS bid round. These blocks border Israel’s Neta and Royee blocks which Edison also operates, and hold an estimated 3.2 tcf of gas. BP will take the North El Tabya block (Block 14...

Middle East LNG Demand Impetus Takes Market By Surprise

...7mn tons in 2014. But this year, new importers Jordan, Egypt and Pakistan have been added to the picture: the three countries received about 1mn tons of LNG in the second quarter of the year to meet seasonal demand, according to data from the French international association for gas, Cedigaz. That in...

Bapco, Aramco Award Pipeline Contracts

...hrain’s Awali field, along with Saudi volumes. The plant delivered an average 276,000 b/d of refined products in 2014, according to the Joint Organizations Data Initiative (JODI). Completion of the pipeline will enable Bapco to deliver extra oil to Sitra, where it intends to expand crude processing ca...

US Drilling: A ‘Double-Dip’ Recession?

...ices that have in recent weeks been languishing in the low-to-mid $40s/B for US marker WTI, way down on a June average of $60/B. >  The number of rigs in Iraq rebounded somewhat in August to 48 after collapsing to just 44 a month earlier, well below the recent high of 96 in June 2014. In addition to...

LNG Market Evolution: How Much Will Qatar Give Up?

...se on the back of reduced nuclear generation – some of its nuclear plants were taken offline for maintenance – and revamping work at one of its coal-fired power plants. It imported a total of 7.12mn tons in the first half of 2015, up around 15% pro-rata on 2014 imports. Qatar, which covered 47% of...

Oman Faces Uncertain LNG Supply Future

...OMAN Oman Faces  Uncertain LNG Supply Future Omani exports of liquefied natural gas (LNG) to key Asian customers are expected to drop further this year after falling by 11% in 2014, as demand continues to slow in East Asian economies – a trend that is also being faced by other LNG su...

LNG Demand Outlook Looks Bearish As Japan Restarts Nuclear Plant

...pecially given that a flood of new LNG supplies – from Australia and the US in particular – are set to hit world markets over the next couple of years. In the wake of the disaster, Japan, the world’s largest LNG importer, increased buying by 18.5mn tons/year between 2010 and 2014, from 70mn tons to 88...

JAPANESE LNG IMPORTS 2005-2015

...VOLUME (mn tons) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014...

EU-Algiers Political Efforts Out Of Touch With Market Realities

...om power and petrochemicals plants within the country have eaten into the volumes of gas available for export. Falling gas export volumes and the halving of oil prices saw export revenues fall by a massive 42% between the first half of 2014 and 2015 (MEES, 31 July); and with gas prices lagging those of...

New Suez Canal Begins Testing Ahead Of 6 August Grand Opening

...ninsula which borders the canal has seen hundreds of people killed since President Sisi came to power. The $8.5bn project was locally funded through investment certificates launched by Egypt’s central bank (MEES, 19 September 2014). An average of 49 ships per day traversed the canal during the fi...

In Search Of Iran’s Market Share

...like Saudi Arabia, Iraq has a friendly, some would say subservient, relationship with Tehran. But such friendship has not always extended to the oil marketing sphere - particularly as Iraq ramps up exports. Iraq shipped a record 3.5mn b/d of crude in June, up 1mn b/d on 2014 volumes, and has plans to...