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Lebanon LNG Tender
...gasification unit (FSRU). Mr Basil says that the ministry will begin a round of negotiations with five preferred bidders in January 2014 and expects to sign contracts in the third or fourth quarter of 2014. But it remains unclear if the ministry has the proper authority to execute the LNG deal, given its “ca...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
US LNG To Challenge Qatar In Key Asian Markets
...gher than current production levels, by the end of the current Iranian calendar year on 20 March 2014. While this pronouncement is likely without merit, it is worth pointing out that Iran has expansive gas reserves to tap. If a future agreement between the P5+1 countries and Iran relaxes sanctions and Ir...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
KRG Set For Independent Exports Despite Iraq-Turkey Thaw
...at output was heading towards a targeted 200,000 b/d by the end of 2014. DNO Executive Board Chairman Bijan Mossavar-Rahmani says, however, that DNO is awaiting guidance from the KRG as to when exports through the independent export route through Turkey could begin from Tawke, which he said cu...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
DNO Touts 1bn Barrel Tawke: ‘Why Stop At 200,000 B/D’
...es a potential to take production beyond an initially targeted 200,000 b/d by the end of 2014 (from 100,000 b/d now) as it taps into the upper and lower reservoirs of the structure. Announcing third quarter results last week, executive chairman Bijan Mossavar-Rahmani told analysts that the company ha...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Iraq-’Aqaba Crude Export Pipeline Advances
...inching an agreement with ‘Amman on transit fees. The award for the Haditha-’Aqaba portion of the pipeline on a Build-Own-Operate-Transfer (BOOT) basis is expected by the end of 2014. A source familiar with the project says that Iraq’s State Company for Oil Projects (SCOP) has issued a letter to the qu...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Qatargas Inks $7bn UK LNG Deal With Centrica
...QATAR Qatargas Inks $7bn UK LNG Deal With Centrica Qatargas has signed a $7.1bn sales and purchasing agreement (SPA) with UK utility Centrica, to supply up 3mn tons/year of LNG to the Isle of Grain terminal in southeast England. The June 2014-December 2018 deal succeeds a pr...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Pakistan Sounds Iran Out For Pipeline Financing
...reement between the two countries, Iran is supposed to begin supplying Pakistan with 750mn cfd of gas from 2014 for a period of 25 years at a price of $13/mn BTU, according to Investment Bank Credit Suisse. This takes into account all transportation costs. In a meeting with his Iranian co...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Qatar, E.ON Ink LNG SPA
...troleum (QP) and 30% by Shell – will supply Gasunie and Vopak’s Gate LNG terminal in Rotterdam from January 2014. The deal is flexible and will allow Qatargas to divert its supply to other customers. Prices will be based on those of continental Europe in what is Qatargas’ first break with oil in...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Jordan Receives 51 Applications For ‘Amman Products Terminal
...JORDAN Jordan Receives 51 Applications For ‘Amman Products Terminal Jordan’s Ministry of Energy and Mineral Resources has announced that 51 companies and consortia have applied for prequalification to build a strategic products reserves terminal near ‘Amman during 2014-15. Mo...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
IOCs Hold Steady Despite Yemen’s Political Crisis
...ose, following six months of consultations over the signing of a new constitution and the forthcoming elections in 2014. Organizers have decided to extend the process by another two weeks however, to allow participants more time to debate a number of as yet unresolved issues – primarily that of...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Qatargas Signs Flexible UK LNG Deal With Malaysian State Firm Petronas
...s shift from Europe and the US, where demand is falling, to the Asia-Pacific market. Under the terms of the deal, Qatargas-4 – a joint venture, 70% controlled by Qatar Petroleum (QP) and 30% Shell – will supply Petronas’ Dragon LNG Terminal in Wales from January 2014; however, the deal is fl...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Jordan Seeks Products Terminal Bidders
...JORDAN Jordan Seeks Products Terminal Bidders Jordan’s Ministry of Energy and Mineral Resources has invited contractors to prequalify to build a strategic petroleum reserves terminal near ‘Amman during 2014-15. The ministry said the terminal will have capacity to store 25...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Iran Gas Supply Deal Back On For Gas-Hungry Oman
...oduction from which, Iran says, could begin as early as March 2014 – although MEES views this timetable as rather unrealistic (MEES, 24 May). “We had a number of issues in the past about putting up a pipeline, but both countries are still very keen to see that project [be implemented],” Mr Rumhy sa...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Golar LNG To Supply FSRU Units To Jordan, Kuwait
...th Excelerate Energy, set to expire this year. Golar will send its 170,000 cubic meter Golar Igloo to Mina al-Ahmadi port and hydrocarbons hub in 4Q13 with operations to begin in March 2014. Kuwaiti state firm KNPC will use the FSRU to import LNG nine months per year but will allow Golar a three mo...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Bahrain LNG Import Plans
...commendations, by the end of 2013 and to award the contract in early 2014. This comes after reports earlier this year that Nogaholding, NOGA’s investment arm, was set to award a license to build a $500mn-plus 500mn cfd LNG import terminal. NOGA was negotiating a Build-Own-Operate LNG import terminal an...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Oman Oil Marketing Plans Duqm Bunkering.
...ncluded sometime in 2014. Duqm, a special economic zone receiving heavy oil and gas sector investment, is located roughly halfway between Salalah and Musqat on the Arabian Sea coast. OOMCO has been serving bunker fuel needs at Oman’s Sohar Industrial Port since 2010 in partnership with Germany’s Ma...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Iran-Pak Pipeline Inches Forward But Completion Unlikely Before 2017
...s demand at over 12bn cfd. “It is not an issue of whether they need it or not – they do need the gas, but 2014 is not realistic,” Praveen Kumar, head of Facts Global Energy’s South Asia Oil and Gas team says tells MEES, highlighting funding – or a lack thereof – as the key factor delaying th...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
ADNOC Pushes To Own Faulty Hormuz Bypass Pipeline
...erator of most of the Emirate’s onshore fields. ADCO’s concession expires on 13 January 2014 and CNPC is one of 11 firms invited by ADNOC to bid for it. ADCO is composed of ADNOC (60%); with BP, ExxonMobil, Total and Shell holding 9.5% apiece; and Portugal’s Partex (2%). State-owned CNPC has been invited fo...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Yemen LNG Sees Upturn In 2013 Fortunes
...creased revenues for San’a going forward; from 2014 there will be “no [price] ceiling” on sales contracts and “by 2015 most of the loans and the banks will be paid for…[LNG exports] will provide a significant portion of the state’s revenues.” Possible Expansion With Yemen having recently put 20...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Basra-‘Aqaba 1Mn B/D Pipeline Project Advances
...fshore Single Point Mooring Buoys (SPMs) to boost southern export capacity to 6.6mn b/d will be in place by end 2014, pledged Thamir al-Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission (MEES, 29 March). Two SPMs were installed by last March, but only one has been able to load at any one ti...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013