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Egypt Gas Hub Plans: Goal Or Own Goal?
...rminals at Idku and Damietta on the Mediterranean coast. Noble and Delek’s partner Anglo-Dutch major Shell at Cyprus’ 4.2tcf Aphrodite. Talks have taken place this week to send gas to Egypt, although they remain at a preliminary stage. Aphrodite was discovered in 2011 and a development plan has yet to be an...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Iranian Oil Exports Hit Pre-Sanctions Levels As European Share Grows
...Iran produced an average of 3.79mn b/d of crude in 2017, up 10.5% on 2016, with output reaching 3.83mn b/d last month. Not surprisingly export volumes are also up. Buyers of Iranian crude and condensate took just over 2.50mn b/d last year, edging above 2.47mn b/d for 2011, the year before US-le...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Qatar Sidesteps Trade Embargo With 20% Export Revenue Gain In 2017
...r 2018-22). Though the strategy has not been published the IMF says it has an “enhanced focus on economic diversification.” But given that the 2011-16 plan said “Nonhydrocarbon exports are expected to show strong gains,” it’s fair to say diversification is often planned but rarely implemented – in th...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Japan Big Winner As Saudi Arabia Cuts Crude Exports
...panese imports has also risen strongly, topping 40% for the first time in 2017, up from 30.5% in 2011. Not only is Japan importing more Saudi crude but the slate is becoming more tilted towards lighter, and more expensive grades. The key Saudi grade Japan took in 2017 was Arab Extra Light, which in...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Suez Canal Boosted By Oil Trade Records
...re substantial than those in the opposite direction. But, as the surge in exports of crude, NGLs and oil products from the US (MEES, 5 January) boosts Atlantic Basin supplies, the gap is closing. • Northbound shipments accounted for 65% of gross Suez Canal oil transit volumes as recently as 2011...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Key Middle East Producers Ease Off Drilling Going Into 2018
...00 2005 2010 2011 2012 2013 2014 2015 20...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Libya’s 2017 Energy Fortunes: Good-Ish News On Oil, Less So On Gas As Instability Continues
...CRUDE OUTPUT HAS REBOUNDED TO A 4-YEAR HIGH, AVERAGING 950,000 B/D SINCE JULY (‘000 B/D)... ...THOUGH AN END-YEAR DIP WITH AN ATTACK ON A KEY PIPELINE* IS INDICATIVE OF CONTINUED INSTABILITY GAS EXPORTS^ FELL TO THE LOWEST LEVEL SINCE THE REVOLUTIONARY YEAR OF 2011...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Iraq Export Revenues Soar
...vel since the 2011-14 halcyon years of $100/B-plus crude. A full year of $56/B for Iraqi crude would imply $70bn revenue – perhaps enabling Baghdad to begin diverting funds to much-needed upstream investment. Increased revenues could have important implications for Iraq’s much-maligned te...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Algeria On Track For $11bn Deficit Despite Gas Export Boost
...nuary 2013 terrorist attack) followed by the November completion of a $700mn compression project. Output hit 9bcm/year capacity in Q2 for the first time since Q1 2011. Sonatrach’s 54bcm 2017 export target, based on an expected late-year first-gas boost from the Reggane and Touat projects in the so...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Qatar Looks To Expand Its Lng Options As Contract Renegotiations Loom
...erogative of trading houses – the direct source of almost all of Egypt’s LNG imports, for example (MEES, 10 February). Of course Qatar itself has had to make compromises: buyers have more choice in the current market landscape. For instance, under the initial MoU signed in 2011, Bangladesh was initially pl...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Iran Expands Crude Export Infrastructure
...dicate bumper volumes. Crude exports to Europe rose to 850,000 b/d according to the IEA. This would be the highest level since sanctions were tightened in 2011. Pirouz Mousavi, Managing Director of IOTC, tells the oil ministry’s Shana news agency that 95% of crude exports are shipped from Kharg. Sm...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
Oman LNG Records Rare Output Rise, But Revenue Falls Regardless
...creased supply of gas however was a more notable development demand for power generation actually fell. Gas supplied to the sector rose 1.9bcm over the five years from 2011-2015, but fell 0.33bcm last year to just under 8bcm (see table). Concerns that demand growth was outstripping supply have pr...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
What’s Next For Sonatrach Sales Deals?
...6 2011 2027 Sonatrach 2 n/a ...
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 -
Iran LNG Plans Hamstrung By Domestic Demand, Lack Of Foreign Cash
...located 32bcm to reinjection in 2014. Of course in 2014 (and 2011, 2012 and 2015) demand for sanctions-hit Iran’s crude was low enough that Iran could afford to slash reinjection and still have enough oil to meet demand. The corollary is that last year as post-sanctions Iran sought to ramp up crude output to...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Libya’s East-West Divide Flares Up Amid Oil Port Fighting
...would prefer a man with an iron fist and a promise to keep a grip on emigration to indefinite instability or an Islamist leaning democracy. Mr Haftar has a long history with the US, having been given refuge there for two decades before his return to Libya in 2011. But he is vilified by opponents in...
Volume: 60Issue: 11Published at Fri, 17 Mar 2017 -
Indian LNG Imports 2016: Qatar Still Dominant With 62% Of Total
... ALL 2016 NUMBERS AND ALL VOLUME NUMBERS ARE FOR CALENDAR YEARS. ANNUAL VALUE/PRICE NUMBERS FOR 2011-15 ARE FOR FINANCIAL YEARS ENDING 31 MARCH (IE ‘2015’ IS APR15-MAR16). *CHANGES EXPRESSED ON A PERCENTAGE POINTS BASIS. SOURCE: INDIAN DEPT OF COMMERCE, IGU, GIIGNL, MEES CALCULATIONS....
Volume: 60Issue: 10Published at Fri, 10 Mar 2017 -
Suez Canal Handles Record Gulf Crude, Diesel But Revenues Down In 2016
...ddle East saw record crude output and exports in 2016. The region’s six Opec members produced a collective record 24.6mn b/d (MEES, 6 January). Iraq’s southern exports hit a record 3.29mn b/d up 400,000 b/d on 2015; Iran’s exports of 1.96mn b/d (to November) were the highest since 2011 and almost 80...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Sharara Restart Pushes Libyan Output Close To 700,000 b/d
...er 60,000 b/d. The terminal was loading close to 9mn barrels a month (nearly 300,000 b/d) when it was last operational in late 2014. As yet there has been no confirmation that the Elephant field has begun production as NOC claims. Sharara operated with limited losses for three years from late 2011...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Qatar Gets Flexible In Bid To Adapt To Brave New LNG World
...ntrica 3 UK 2014 2018 DES CNOOC 2 China 2011...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016