1. Suez Canal Traffic Close To Record Levels

    ...EGYPT Suez Canal Traffic Close To Record Levels  • Revenues hit a bumper $447mn for August. Takings have steadily climbed since the start of 2009. Buoyant revenues for 2011 provided a fillip to Egypt’s revolution-ravaged economy as receipts from tourism nosedived. At $5.22bn, 2011 re...

    Volume: 55
    Issue: 39
    Published at Fri, 21 Sep 2012
  2. Qatar Faces LNG Competition As Japan Diversifies Suppliers

    ...tar’s LNG producers, which have a production capacity of 77mn t/y, have been selling more gas to Japan since the Fukushima earthquake and Tsunami disaster in March 2011. This forced the closure of most of Japan’s 34gw of operating nuclear power plants, driving up LNG demand. Qatar sold LNG equivalent to 10...

    Volume: 55
    Issue: 39
    Published at Fri, 21 Sep 2012
  3. New Yemen Oil Minister Faces Security Challenge

    ...men has been in turmoil since last year’s uprising which ended with the stepping down of the former president in November 2011.   Repairs At Yemen’s Marib Pipeline Complete, Oil Resumes Flow Crude oil has meanwhile began to flow through Yemen’s main crude export pipeline fo...

    Volume: 55
    Issue: 38
    Published at Fri, 14 Sep 2012
  4. Iran Claims Gas Transit Agreement with Turkey and Turkmenistan

    ...lmaz, who represented the NATO-member country in the recent Non-Aligned Movement summit in Tehran, discussed increasing Iranian gas exports to Turkey. They have been in an uptrend and in 2011 climbed to 8.4 bcm from an estimated 7.7 bcm the previous year. Eventually the gas could transit the extension of...

    Volume: 55
    Issue: 38
    Published at Fri, 14 Sep 2012
  5. Gulf Projects To Import Gas Move At Different Speeds

    ...commit to long-term LNG contracts or if it will buy more spot cargoes after 2015 when it expects demand to start rising. Dubai’s 2011 tariff hike is unusual in the Gulf, where electricity is heavily subsidized. Although most Gulf countries, with the exception of Bahrain, saw little impact from the Ar...

    Volume: 55
    Issue: 37
    Published at Fri, 07 Sep 2012
  6. Ankara Eyes Turkmen Gas

    ...scussions have been ongoing under EC and US supervision since 2008, the pace of the negotiations has picked up since September 2011. But Azerbaijan may be less keen to promote the TCGP option if it sees that this is not gain political leverage in its continuing dispute with Turkmenistan over the Kyapaz/Se...

    Volume: 55
    Issue: 37
    Published at Fri, 07 Sep 2012