What Does 2016 Hold For The Eastern Mediterranean?

...ich all parties hope will see the Leviathan field receive the go-ahead (MEES, 18 December).  Israel’s gas sector was mired in stasis after the country’s antitrust chief in December 2014 labeled Noble and Delek a monopoly, essentially freezing both firms’ plans to develop Leviathan and further develop th...

Leviathan: Stranded Between Low Prices And Anti-Netanyahu Backlash?

...te 2017,” Mr Davidson said (MEES, 2 May 2014). Mr Fisher now says the “timeframe from sanction to production” will be “anywhere from three to four years” – that is to say early next decade at best. Currently Tamar is Israel’s only producer with first phase capacity of 1.2bn cfd – production hit a re...

Dolphin Splashes On Debt, Stranded By Gas Impasse

...taled just over 6mn tons in 2014 (8.2bn m3 or 790mn cfd of gas), via a Floating Storage and Regasification Unit (FSRU) in Dubai (MEES, 30 October). Domestic production is expanding, with production at the Shah Gas field ramping up in Q3 2015 towards its 500mn cfd target (MEES, 9 October). However, de...

Bahrain LNG Plans

...s supply limits (MEES, 23 May 2014). Bahrain produced around 1.63bn cfd of gas in 2014, according to the BP Statistical Review. About one-third is burned in power plants. Bahrain aims to expand its associated gas production. Energy Minister ‘Abd al-Husain ‘Ali Mirza this week said he would soon aw...

Iraq Chalks Up Record Exports But Revenue Less Than Half Mid-2014 Level

...e KRG, were boosted from a backlog in loading from a storm-hit October schedule (MEES, 6 November). But, despite this, the month’s export revenue of $3.67bn is just 47.5% of the $7.74bn that Iraq’s oil exports brought in in July 2014 before oil prices collapsed. Average November takings were ju...

A New Vision: Kurdistan, A Major Gas Province?

...itial 4 bcm/year of natural gas to Turkey from 2017, rising to 10 bcm/year by 2020 and with the option of increasing to 20 bcm/year thereafter (MEES, 11 April 2014). However, Mr Hawrami acknowledged that the KRG’s financial strains mean that the timeline would likely “slip by six to twelve months, to 2019 pe...

Taiwan LNG Imports January-September 2015

...15 2010 2011 2012 2013 2014 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Ju...

Mideast Buying Offers Support For Weak Global LNG Market

...commissioning a second FSRU with a third to follow next year. Cargoes are now set to arrive at a rate of four a month – a not insubstantial 3.1mn t/year on an annualized basis. This leaves Egypt neck-and-neck with Kuwait as the region’s biggest importer. Kuwait took a record 2.7mn tons in 2014, up fr...

China LNG Imports To Q3 2015 (‘000 Tons)*

...13 2014 2015^ 3Q14 4Q14 1Q15 2Q15 3Q15 Jan Feb Mar Apr Ma...

Japanese LNG Imports 3Q15

...-Jul 15-Jun 15-May 15-Apr 2014 2013 2012 2011 2010 2009 Australia 5....

Total Eyes Return To Iran’s Pars LNG, Hopeful On Yemen

...ss than three weeks to restart operation and load tankers.” However, with the war in Yemen showing little sign of abating, a rapid restart appears highly unlikely. Yemen LNG shipped 6.78mn tons of LNG in 2014, but no cargoes since April (see chart). YEMEN LNG* OUTPUT/EXPORTS (MN TONS/YE...

Italy’s Gas Imports From Algeria: Up On Late 2014 But Less Than Half Pre-2013 Volumes (Mn Cfd)

South Korean 3Q15 LNG Imports

...-Jun 15-May 15-Apr 2014 2013 2012 2011 2010 2009 Qatar 2.93 0....

Qatar Out To Woo LNG Customers In Face Of Increased Competition

...ilities like Chubu Electric, Tokyo Electric (Tepco), Kansai Electric and Tohoku Electric, as well as upstream player JX Nippon oil and gas and financial entities such as Bank of Tokyo and Sumitomo Mitsui Banking. Japan is the world’s largest LNG importer – it purchased a record 89.2mn tons in 2014 as its nu...

Egypt: Zohr Mega-Find Spurs Regional Gas Hub Ambitions

...cember 2014 that the two firms had formed a monopoly offshore Israel (MEES, 27 February). This ruling would have forced Noble and Delek to divest their interests in either Leviathan or Tamar, but the government stepped in and effectively usurped Mr Gilo, who has since stepped down. But Mr Gilo’s de...

Egypt Keeps-Up LNG Import Momentum With 55-Cargo Award

...llowing the arrival of Norwegian firm Höegh’s 550mn cfd Höegh Gallant floating storage and regasification unit (FSRU) at Ain Sukhna on the Red Sea. The vessel has been leased to EGAS for five years under a deal signed in November last year (MEES, 7 November 2014). Cairo says it expects four cargoes to ar...

Suez Canal: Saudi Diesel Boosts Northbound Volumes

...oduce transport fuels to Euro specifications. The 400,000 b/d Satorp refinery in Jubail was brought online in late 2013 and reached full capacity in mid-2014, while the 400,000 b/d Yasref refinery in Yanbu’ was started up in 2014 and is scheduled to reach full capacity this month. Cairo hopes to do...

Egypt Awards Four Offshore Gas Blocks Following August 30tcf Discovery

...ock 12), which is adjacent to the North Thekah and North Port Fouad blocks, awarded to Edison in 2014 following an earlier EGAS bid round. These blocks border Israel’s Neta and Royee blocks which Edison also operates, and hold an estimated 3.2 tcf of gas. BP will take the North El Tabya block (Block 14...

Middle East LNG Demand Impetus Takes Market By Surprise

...7mn tons in 2014. But this year, new importers Jordan, Egypt and Pakistan have been added to the picture: the three countries received about 1mn tons of LNG in the second quarter of the year to meet seasonal demand, according to data from the French international association for gas, Cedigaz. That in...

Bapco, Aramco Award Pipeline Contracts

...hrain’s Awali field, along with Saudi volumes. The plant delivered an average 276,000 b/d of refined products in 2014, according to the Joint Organizations Data Initiative (JODI). Completion of the pipeline will enable Bapco to deliver extra oil to Sitra, where it intends to expand crude processing ca...