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Iraq Fires Up 1GW Gas-Fired Capacity But Is There Enough Gas?
...ad of 13.4GW in 2015, up from 12.3GW in 2014. One thing is clear: the inefficient burning of liquid fuel still dominates the power generation sector, despite a gradual rise in the gas share from 28% in 2013 to 36% last year (see table). The increased supply of gas to power plants comes both th...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Total And Sonatrach Bury Hatchet As Algiers Pushes Partnerships Agenda
...natrach… it’s business,” Mr Pouyanné said last year. Sonatrach retaliated by launching a counter-claim at the same court that Total had not honored its contractual commitments regarding the 4 bcm/y (390mn cfd) Ahnet tight gas concession, also in Algeria’s Saharan southwest, from which it pulled out in 2014...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Israel: Lots Of Gas But Where’s The Market?
...st 800mn cfd, fully exploiting such reserves requires substantial export deals. And despite a sheaf of LoIs – to Egypt, Turkey, Jordan, and most fancifully a pipeline to Europe via Cyprus, Greece and Italy – none have been finalized. So far a deal signed in February 2014 to supply Jordan’s Arab Po...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Morocco LNG Project Delayed, Future Gas Supply Strategy In Doubt
...nths. ADVISORS PICKED Morocco’s decision to revive LNG import ambitions in 2014 spurred a flurry of excitement, notably from a number of LNG suppliers keen to lock in future volumes in an increasingly competitive global market. In 2015, Morocco initiated talks with majors and energy companies in...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Oman LNG Records Rare Output Rise, But Revenue Falls Regardless
...ound 50% of its output most years. But prices of Omani LNG to South Korea fell some 37% last year to just $7.38/mn BTU, more than $10/mn BTU below 2014 levels. Little wonder that revenues fell nearly $700mn last year to its lowest level since 2004. The LNG revenue fall exacerbated the squeeze on go...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Record US Oil Trade Belies Protectionist Rhetoric
...cord levels (see chart). Saudi volumes did dip in late March with ship trackers estimating a further fall to come. But then this needs to be put in perspective: March volumes were only low compared to January’s three-year-high levels; Q1 as a whole saw the highest volumes since early 2014. Ot...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
BP Poised For Strong Year In Mena
...15 2015 2014 Oil (‘000 B/D) Abu Dhabi 101 5 96 97...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Qatar Restarts Gas Expansion Plans As Iranian Output Of Shared Field Soars
...0mn cfd of ethane, 10,500 b/d of propane and 7,500 b/d of butane (MEES, 5 September 2014). Despite the initial plan, it is very possible that some of the Barzan natural gas will end up being exported. Power supply remains ahead of demand and Qatar plans to add 4.5GW installed capacity by 2019 th...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
What’s Next For Sonatrach Sales Deals?
...rtfolio. The recent rebound in volumes comes after weaker demand in Italy following the 2008 financial crisis. Italian imports of Algerian gas fell from a peak of 25.2 bcm in 2010, to 11.9 bcm in 2013 and 6.8 bcm in 2014, following a ‘holiday deal’ between Sonatrach and Eni to reduce offtake due to lower It...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Algeria’s 2016 Gas Export & Output Records – Are They Believable?
...DICATED) 2016 vs 2015 2010 2011 2012 2013 2014 20...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Egypt Tenders Wind Project As Three Megaprojects Begin Supplying Grid
...ck of investment, improved terms have encouraged upstream operators to invest. New upstream developments under way are expected to raise Egyptian gas production above 5mn cfd later this year for the first time since January 2014 (MEES, 31 March). However, new power projects under construction are ex...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Egypt Receivables: A Glass Half Full Or Half Empty?
...2015 2014 2013 2012 3Q16 Company k b/d mn cf...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Kuwait Plans To Double Debt Ceiling To $66bn
...2015 4Q16 vs 4Q15 4Q15 2014 2013 2012 20...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Egypt: Key West Nile Delta Project Set For Start-Up
...r field (see box) and the rapid ramp-up in output at Eni/BP’s Nooros in the shallow waters of the Nile Delta to 875mn cfd within six months of July 2016 start up, should boost Egyptian gas production over 5bn cfd by Q3 for the first time since January 2014. February output was 4.41bn cfd (MEES, 24 Ma...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Algeria Keeps Oil Spending Flat, Extends Exploration Search Offshore
...wnstream are added in, the total spending program comes out at about $75bn. Sonatrach’s headline figure for its 2016-20 five-year plan was $73bn, but for 2015-19 it was $90bn and for 2014-18 it was $100bn (MEES, 17 February). Sonatrach upstream VP Salah Meknouche made the most of what was essentially a sp...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Ta-Ta Taq Taq: Demise of Key Kurdish Field Weighs On KRG Exports
...15 2014 Tawke 110.0 2.7 107.3 135.2 91 Taq Ta...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Kuwait Refinery Shuts, New Capacity Delayed, Crude Exports To Rise
...na Abdullah EPC contract it is undertaking with Samsung Engineering and CB&I (MEES, 14 February 2014) will not be complete until the very end of 2018. Both the CFP and Al-Zour projects were held back for many years by disputes between government and parliament. The award of construction contracts ca...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Rosatom Starts Work On New Iran Nuclear Plant, Cementing Russia’s Mena Presence
...Construction at Bushehr began just before Iran’s president visited Moscow where he signed several deals including one for Russian nuclear fuel. Russian state nuclear firm Rosatom has begun building its second reactor at Bushehr on Iran’s Gulf coast under a 2014 agreement. Both parties ap...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Libyan Oil Output Gains Go Into Reverse Amid Growing Instability
...rce. The Third Force wrested control of the Sharara oil fields from Tebu and Zintani members of the local Petroleum Facilities Guard in November 2014. There were reports in March that the Third Force had withdrawn from the region, but an LNA spokesman said in late March that negotiations over control of...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Petrofac Becomes Yet More Dominant In Kuwait
...d-2020. GC-32 will “have the capacity to produce around 120,000 b/d of oil per day together with associated water, gas and condensate” according to Petrofac. The initial Feed contract was completed in December 2014 by Amec Foster Wheeler, but Kuwait delayed putting the key EPC contract to tender. Ac...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017