1. Total Reaps Mena Rewards Despite Iran Setback

    ...estion is whether Total would consider taking another gamble on Iran should the politics change in the medium-term. Iran is just the latest Middle East gas setback that Total has suffered in recent years. Having recorded net 218mn cfd from Syria in 2011 through its 50% stake in the Deir Az Zour Pe...

    Volume: 61
    Issue: 47
    Published at Fri, 23 Nov 2018
  2. Suez Canal Trade Hits Records But Trade War Threatens

    ...%) and 543,000 b/d gasoline (up 36%) head north through the canal (see charts 1 & 2). This puts both on track to smash annual records – for diesel last year’s 445,000 b/d was a record; for gasoline the record of 499,000 b/d dates back to 2011. Combined northbound products volumes, which only fi...

    Volume: 61
    Issue: 43
    Published at Fri, 26 Oct 2018
  3. Libya Looks To BP/Eni Deal To Unlock Upstream Investment

    ...oduction workers have almost all been Libyans. Violence surrounding Libya’s February 2011 uprising, which led to Qadhafi’s overthrow in October that year, prompted all IOCs to quit the country. Output rapidly rebounded in 2012, briefly hitting pre-war levels of 1.5mn b/d in early 2013. But a much to...

    Volume: 61
    Issue: 41
    Published at Fri, 12 Oct 2018
  4. LNG Prices At Four-Year High Amid Soaring Demand

    ...port record of 88.45mn tons set in 2014 will ever be surpassed. Japan’s record years for LNG imports came in the wake of the 2011 Fukushima nuclear disaster. The continued, albeit extremely gradual, restart of the country’s nuclear fleet combined with overall stagnant-to-falling Japanese energy de...

    Volume: 61
    Issue: 39
    Published at Fri, 28 Sep 2018
  5. Turkey Mixes Business & Politics As Qatar LNG Surges

    ...G customer for 2017. TURKISH GAS IMPORTS (BCM)                                                                                       1H18 v 1H17 % 1H17 2009 2010 2011 2012 20...

    Volume: 61
    Issue: 35
    Published at Fri, 31 Aug 2018
  6. LNG Start-Ups To Peak, Then Slump

    ...nce. The IEA estimates that investment in liquefaction will be just $16bn this year, the lowest level since 2010.   •  And much of this represents the tail end of start-up investment in mega-projects approved in the 2011-14 boom years. Two key Australian projects, 8.9mn t/y Ichthys operated by Ja...

    Volume: 61
    Issue: 30
    Published at Fri, 27 Jul 2018
  7. The USA’s Growing Role In Global LNG Trade - MEES Crunches The Numbers

    ...BRUARY (1.44MN T, 21 TANKERS) AND MARCH (1.00MN T) THE TWO BIGGEST MONTHS ON RECORD...   ...BUT, NORTHBOUND (AND OVERALL) LNG VOLUMES ARE WELL DOWN FROM 2011’S RECORD HIGHS AS SALES OF QATARI LNG TO ATLANTIC BASIN BUYERS HAVE SLUMPED (MN T) SOURCE: SUEZ CANAL AUTHORITY, MEES.   TH...

    Volume: 61
    Issue: 16
    Published at Fri, 20 Apr 2018
  8. US Poised To Compete With Saudi Arabia As World’s Largest Oil Exporter

    ...0,000 b/d (9%) year-on-year (see table for full data). This was largely driven by major export cuts in Q3, when volumes of 6.65mn b/d were the lowest since Q1 2011. Crude exports bottomed out at 6.55mn b/d in September (the lowest since March 2011) but exited the year at 7.05mn b/d in December. MEES es...

    Volume: 61
    Issue: 08
    Published at Fri, 23 Feb 2018
  9. Saudi Arabia’s Shift Up The Value Chain Offsets 7-Year Crude Export Low

    ...udi’s share fell from 13.4% to 12.5% (see chart, p20 and p19 for full data). It was as high as 20% in 2011 but is set to fall further this year: both the IEA and Opec expect Chinese demand growth to rise a further 400,000 b/d, whilst Saudi crude exports are more likely to fall than rise. South Korea to...

    Volume: 61
    Issue: 04
    Published at Fri, 26 Jan 2018
  10. US Oil Output Soars: Did Opec Create A Frankenstein’s Monster?

    ...a share of demand rising from an annual average of 71.5% in 2017 to 77.1% in 2018 and 80.4% in 2019, and this despite demand continuing to rise over the forecast period. The US was reliant on imports to meet well over 50% of demand as recently as 2011. But a sub-plot is that the mismatch of bo...

    Volume: 61
    Issue: 02
    Published at Fri, 12 Jan 2018