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Egypt Arbitration Award Paves Way For LNG Restart
...t a six-and-a-half year high 6.07bn cfd in July, latest data shows, just shy of the December 2011 record 6.22bn cfd (see chart below). Egypt’s other LNG export facility, the 7.2mn t/y ELNG plant at Idku, operated by Shell has continued to export small quantities despite Egypt’s gas deficit, to av...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Egypt’s Gas Surge Enables Planning Beyond Powergen Needs
...June, demand was a relatively comfortable 69% of output, versus a summer peak of 90% two years earlier. With the summer demand peak now over, no shortages have been reported. With production falling from a record 6.22bn cfd in December 2011 to just 3.89bn cfd in May 2016, Cairo was forced to be...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Gulf Countries Throw Jordan A $2.5bn Lifeline Amid Unrest
...eful economic predicament. After all, the deal, which amounts to $500mn a year, fails to even replace the $5bn aid that Jordan received from 2012-2017. Amid large-scale Arab Spring protests in 2011, Saudi Arabia, Kuwait, the UAE and Qatar provided Jordan with $5bn (including $2bn from Riyadh alone) in...
Volume: 61Issue: 24Published at Fri, 15 Jun 2018 -
UAE Delays, Jordan Rethink Blur Mena Nuclear Vision
...ntractor Status Iran Bushehr-1 2011 1.0 1 3....
Volume: 61Issue: 23Published at Fri, 08 Jun 2018 -
Tunisia Looks To The Sun To Cut Dependence On Algerian Gas
...ongside seven straight years of falling output since the 2010 peak of 310mn cfd. Initially this fall was due to instability and bureaucratic inertia in the wake of the country’s 2011 revolution, with the slump in oil prices since late 2014 providing a second blow to investment as IOCs slashed capex (MEES, 23...
Volume: 61Issue: 22Published at Fri, 01 Jun 2018 -
GCC Grid Increasingly Used For Power Trading, But Volumes Small
...nks between the six GCC member countries, reports increased use of its grid for electricity trading rather than only for exceptional transfers to prevent local supply outages. Although the GCCIA briefly experimented with trading in 2010 and 2011, it is only more recently that planned transfers of el...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
OMV Restarts Yemen Output
...15. Multiple firms with Shabwa basin operations say the region is safe from combat with upstream infrastructure intact. But pipeline attacks remain a perennial threat and employee safety a constant concern. Yemen produced 300,000 b/d before political stability nosedived in 2011. The 2010 co...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
UAE’s Nuclear Power Mirage Slips Further Away
...ys Barakah-4 construction is around two-thirds complete, with the next phase being the transition from construction to testing. SECOND IN LINE The Barakah plant will eventually become the Mena region’s second operational nuclear power plant, following the start-up of Iran’s Bushehr-1 plant in 2011...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Israeli Gas Development: Can The Domestic Power Market Absorb It?
...viathan discovery to development (MEES, 10 January 2011). Subsequent nearby discoveries, such as Karish and Tanin, were seen as potential long-term tie-ins to the company’s two offshore giants. So there was no hurry to further appraise the fields. What is more surprising is that Energean – which pu...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Saudi Pushes On With Nuclear Plans Despite US Concern
...Status Operating 1.0 Iran Bushehr-1 2011 1....
Volume: 61Issue: 09Published at Fri, 02 Mar 2018 -
Saudi Electricity Borrows $2.6bn To Fund Capital Projects As Debts Soar
...nance is rising, more than doubling from just over $5bn in 2011 to over $11bn at the end of 2016 (see charts). As a well-capitalized state firm from a country with a high investment-grade credit rating, SEC’s debt continues to have no shortage of takers. Speaking of the latest loan, SEC chief ex...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018