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Suez Canal Traffic
...nuary-November 2012 are both down 2% on year ago levels. Last year’s revenues were the second highest on record after 2008 despite Egypt’s massive political upheavals. Southbound crude volumes, at 900,000 b/d for the first 11 months of 2012, are up almost 70% on the same period in 2011...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Turkey Calls For Russian Input In Gas Storage Program
...nister, Taner Yildiz. Speaking on 8 December, he said that by 2019 Turkey plans to construct five to six new underground facilities which can hold 8 bcm, equivalent to almost 18% of 2011’s domestic demand. Turkey’s gas demand has jumped by almost 50% since 2006, driven primarily by its use as a fuel for el...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012 -
RWE Exit Deals Blow To Nabucco West
...bring additional long-term gas transit streams to Germany, adding that the project no longer served this purpose because major gas supplies “could no longer be guaranteed.” RWE was gravely hit by Germany’s decision, following Japan’s March 2011 Fukushima accident, to phase out its en...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012 -
Yemen Launches Offensive Against Pipeline Saboteurs
...d gas installations have been the target of choice for tribal and Islamic militants since anti-government protests created a power vacuum in early 2011. The militants are thought to be using such acts of sabotage to pressure the government into both distributing handouts and releasing a number of tr...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012 -
Shah Deniz Partners Eye TANAP, Nabucco West Stakes
...DK also granted a gas import license to Bati Hatti Gas Company for 23 years. The combined annual volume all four traders for the duration of their permits cannot exceed 6 bcm, which is equal to approximately 15% of Turkish gas consumption. Botas decided in October 2011 (MEES, 17 October 2011...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Nakilat Profit Slips, As It Ponders Fleet Fuel Switch
...e first nine months of the year, the Qatari company reported a QR562.4mn ($154.5mn) profit, compared to QR 624.2mn ($171.5mn) in 2011. Since the results were announced on 22 October, Nakilat’s share price on the Qatar Exchange has edged down from QR15.76 ($4.3) and was at QR15.55 ($4.27) on 1 No...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Qatar Faces LNG Market Challenges
...$100/B, $12-13/mn BTU plus usually $1-2. Spot markets are in the $13-13.50 price bracket – driven high by soaring demand following the March 2011 nuclear disaster. Some estimates put Japan’s LNG demand for the fiscal year ending March 2013 at 85-90mn t/y. Japan Gas Association says th...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Qatargas Secures Third Japanese LNG Supply Contract of 2012
...0 2011 Not decided HOA Apr-08 PetroChina 3.0 2010 25 SPA Ju...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Turkey’s Gas Imports Hit By Bombs And Sanctions
...aimed responsibility it is thought to be responsible for all four blasts. Turkey imported 3.8bcm/y through the Baku-Tblisi-Erzurum pipeline (also known as the South Caucasus Pipeline, SCP) for 2011. Some additional volumes flow via Turkey to Greece but despite this the route has been op...
Volume: 55Issue: 42Published at Fri, 12 Oct 2012 -
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: 55Issue: 39Published at Fri, 21 Sep 2012 -
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: 55Issue: 39Published at Fri, 21 Sep 2012 -
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: 55Issue: 38Published at Fri, 14 Sep 2012 -
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: 55Issue: 38Published at Fri, 14 Sep 2012 -
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: 55Issue: 37Published at Fri, 07 Sep 2012 -
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: 55Issue: 37Published at Fri, 07 Sep 2012