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Riyadh, Cairo Sign $1.8bn Power Connection Deals
...ows have fallen well below their 2011-12 peak. Electricity sent to Jordan was down 12% year on year at 278GWh for 2019-20, an implied average flow of just 32MW, while that received from Jordan was up 36% to 95GWh, according to the latest stats from Egypt’s Electricity Holding Company (EEHC). Flows to Li...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Israeli Utility IEC Bags Price Cut For Tamar Gas
...ke or pay volume of 3bcm/y under a 15-year deal signed back in 2012, although this was due to carry forward volumes. This contract set a fixed base price of $5.042/mn BTU as of 2011 with subsequent annual adjustment according to US inflation (CPI) plus 1%, switching to minus 1% from 2020. By 2020 th...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Iraq Targets 22GW Peak Supply This Summer
...ant in north-east Baghdad awarded to the French company in 2011. ...
Volume: 64Issue: 22Published at Fri, 04 Jun 2021 -
Delek Readies New East Med Spin-Off
...8% of Tamar (see charts and MEES, 4 December 2020). The 22.7tcf Leviathan field produced 1.04bn cfd for Q1, whilst operator Chevron (36.66%) has advanced expansion plans since taking over Noble Energy late last year (MEES, 23 April). Cyprus’ 4.1tcf 2011 Aphrodite discovery, also now operated by Ch...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
India Crude Imports: Saudi Slumps To No.5 With Volumes At 10-Year Low
...Latest official Indian crude import statistics show volumes from Saudi Arabia falling to just 467,000 b/d for February, the lowest figure since January 2011. This comes as New Delhi and Riyadh continue a war of words, with India slamming Opec in general and Saudi Arabia in particular for ke...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Egypt Power: Plentiful Gas, Falling Demand Make Shortfalls A Distant Memory
...mediate aftermath of Egypt’s 2011 revolution when the country was chronically short of gas, and thus fuel flexibility – the plant can also run on liquid fuels – was paramount (MEES, 5 July 2013). The next plant set for start up is also a conventional steam turbine plant commissioned when Egypt was st...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
East Med Geopolitical Waters Remain Far From Smooth
...e division of reserves from the 4.1tcf Aphrodite field, which though around 90% lies in Cypriot waters, straddles the countries’ maritime border. Nicosia hopes that this deal will increase the chances of the 2011 discovery by Noble Energy (now Chevron) being developed along the lines of a de...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Algeria’s Power Output Falls For First Time On Record In 2020
...are of renewables in the energy mix. Here, policymakers have talked a good game but grossly underdelivered. In 2011 Algeria announced plans to install 22GW of renewables by 2030. Fast forward nearly a decade and the country only has 448MW of solar PV (mostly off-grid), 10MW of wind and 228MW of hydro ac...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021