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EU-Algiers Political Efforts Out Of Touch With Market Realities
...cording to the IEA’s estimates, way below Sonatrach’s claims that the country can export 65 bcm/year by 2017 (MEES, 5 June). THE LNG FACTOR The IEA expects gas demand from its European members (most EU countries, plus Norway, Switzerland and Turkey) to edge up to an annual 500 bcm by 2020, up 18 bc...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Jordan Enjoys Cheap LNG Prices, But For How Long?
...ne). Vitol’s cargo is scheduled to arrive in mid-August and should be followed by more deliveries: Nepco has expressed an interest in an extra short-term deal of 18 cargoes per year for 2016 and 2017. Golar Eskimo, Jordan’s first LNG import facility, will be moored at Aqaba for 10 years under a de...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Iraqi Oil Exports Set New Record In June; Southern Volumes Top 3Mn B/D
...thin a month and ultimately reach its plateau target of 1.2mn b/d early in the next decade, slightly behind the original timeline. Also expected to rise is production from Gazprom’s Badra oil field after initial delays. Operator Gazprom Neft says output is expected to rise to 170,000 b/d by 2017. The co...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Cyprus Shuts Gas Tender
...s. The tender seeks gas volumes rising from 19.5-30.4 trillion BTU in the first year to 25-43 trillion BTU by 2025. First gas is to be delivered between 1 January 2016 and 30 June 2017, with DEFA thought to favor bids that stipulate an earlier start date (MEES, 18 April 2014). MEES understands th...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Iraq To Revise Pipeline Route To Jordan
...aborne imports. The Anbar instability has obviously delayed the project. Under the original plans, first oil through the pipeline was expected by the end of 2017 or early 2018. The original plans divided the project into two parts, a 2.25mn b/d BOOT contract and a 1mn b/d section from Haditha to Aq...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
LNG Market Faces Considerable Demand Upside Amid Low Prices
...pected to hit the market by 2017, adding to global current capacity of 301mn tons. Extra volumes are expected to come from the US, East Africa, Russia and Southeast Asia (see graph). However, lower oil prices are jeopardizing the economic viability of some proposed projects, which could result in ca...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Jordan To Receive First LNG Cargo On 25 May
...0,000 m³. NEPCO is expected to import additional LNG volumes from alternative sources on the market. Jordan is understood to be looking for extra cargoes this summer, up to 3 between August and September. Beyond that, it is eying a short-term deal of 18 cargoes per year in 2016 and 2017. With si...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Morocco’s $4.6bn LNG Scheme Continues To Drum Up Interest
...edstock. According to the roadmap, it will take 48 months to build the planned LNG regasification terminal (starting from October 2017), 36 months for the jetty and 36 months for new CCGTs. The roadmap does not say which plants will be included in the 2.7GW target. The ONEE, the national office for el...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
His Mission Accomplished, Qatar’s Attiyah Bows Out
...e PSA with Maersk is set to expire in 2017. US firm Occidental Petroleum, has stabilized production at the 100,000 b/d Idd al-Shargi offshore field through extensive horizontal drilling and waterflooding. It is now waiting for the green light from QP to proceed with fifth phase development af...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Sonatrach And Gazprom Revive LNG Supply Talks
...LNG cargoes (see below) – it so far has only one LNG production facility, at Sakhalin north of Japan, though a second at Yamal in the Russian Arctic is slated for 2017-18 start-up (MEES, 13 February). The latest deal would likely consist in a short- to medium-term agreement for deliveries on th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Oman Ramps Up Scope Of Sohar Plans
...d Korea’s LG (30%), plans to develop the complex in two phases. The PTA plant will have capacity to produce 1.1mn tons/year, while the PET plant will comprise two 250,000 t/y units, the first of which is due for completion in late 2017. FEEDSTOCK LINKS The PTA unit will process pa...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Total Takes The Long-Term View On Global Lng Markets
...the political and military crisis between Ukraine and Russia – we hope that this geopolitical context will change sooner rather than later. We are still hoping for a start-up in 2017-18. We have already incorporated Yamal LNG output in our portfolio, and we are expecting good news from the US on...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Qatar And China Strengthen Trade And Investment Ties
...ansformation in the coming years, when a number of Australian liquefaction projects are completed. Indeed, Australia is set to surpass Qatar as the world’s leading supplier of LNG in 2017. US LNG exports will follow Australia into the Asia Pacific market starting next year when Cheniere Energy’s first 4.5mn to...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Egypt Mulls PP Project At Alexandria
...Alexandria for 2017 start-up. Meanwhile, Tahrir is being developed by Dubai-based private firm Carbon Holdings (MEES, 4 April). The two linked Ethydco plants are being built by Japan’s Toyo and the ENPPI engineering unit of Egypt’s Ministry of Petroleum (MEES, 19 April 2013). ...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
The US Shale Gas Revolution: A Threat To Gulf LPG Exporters
...port, according to the Oxford Energy report. Both Qatar and Abu Dhabi are major LPG exporters, but like Saudi Arabia, the amount of LPG set for export will increasingly be limited by booming domestic petrochemicals industries. Qatari LPG exports will plateau at between 10-11mn tons/year through 2017...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
Turkey-Israel Gas Deal Faces Growing Political Obstacles
...vid Stover, President of Leviathan’s Houston-based operator Noble, last week gave the first indication that Leviathan would not begin production in 2017 but rather 2018, as the company attempts to “balance the technical and marketing pieces with necessary regulatory approvals”. A final investment de...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Will Fujairah Get With The LNG Bunkering Trend?
...vestment Company (IPIC) and state-owned Mubadala, plan to build a 1.2bn cfd LNG import facility at Fujairah by 2016 or 2017 (MEES, 15 November 2013). Environmental Regulations Behind the burgeoning market in LNG bunkering is more stringent regulation of maritime emissions (MEES, 20 June). Within Em...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
QNB Optimistic LNG Market Will Continue To Favor Qatar
...16 US Sabine Pass Train 4 4.5 Cheniere 2017 Australia Wheatstone LNG Train 2 4.5 Chevron, Kufpec, others 2017...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Egypt Mulls LNG Import Options
...se Algeria’s problem is a lack of gas, not liquefaction capacity. LNG exports, which declined from 14.26mn tons in 2010 to 10.9mn tons last year, are unlikely to increase substantially (if at all) until the Southwest Gas Project comes online from 2017, and maybe not even then, given Algeria’s pl...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Cyprus: Bids In For Gas Import Tender
...d 30 June 2017, with DEFA thought to favor bids that stipulate an earlier start date. One of the bids came from Texas-based Noble Energy and Israeli firm Delek Group, partners in both Israel’s 19tcf Leviathan natural gas field and Cyprus’ own Aphrodite discovery. The others came from Dutch-owned oi...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014