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Energean’s Karish Sales In Doubt As Israel Gas-To-Power Market Hots Up
...y customers for its 7.2bcm/y (700mn cfd) Karish development offshore Israel. Of 7.1bcm/y (684mn cfd) in gas sales contracts, more than half is under threat. Energean’s three largest customers are all looking to back out of their gas purchases on contracts signed with Energean in 2017, citing de...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Saudi Government Approves Power Sector Shakeup
...14.9bn ($3.97bn) over the first nine months of 2021 versus a loss of $296mn for the same period of 2020. PRINCIPLE BUYER The SPPC was named as the ‘principal buyer’ of electricity from independent power producer (IPP) projects by the government in 2017. It describes its key responsibilities as...
Volume: 64Issue: 49Published at Fri, 10 Dec 2021 -
Japan Crude Imports: Record Mideast Share As UAE Overtakes Saudi
...ES, 6 August). Other UAE volumes for September included a 235,000-barrel cargo of Sharjah condensate, the first time Japan has taken the grade since March 2017. *Qatar, up 4% at 219,000 b/d for 9M 2021, has overtaken Kuwait, down 18% at 197,000 b/d for number three spot, though Kuwait was ah...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Egypt: Record Power Generation As Gas Output Rebounds
...79TWh (see chart 4). *Industrial use remains just below 2017-2018 levels at 3.67TWh for July (see chart 5). Business power consumption was the hardest hit by Covid but has witnessed a rebound since May with recent months in line with 2016-18 norms including 0.72TWh for July (see ch...
Volume: 64Issue: 41Published at Fri, 15 Oct 2021 -
Riyadh, Cairo Sign $1.8bn Power Connection Deals
...nafir to Saudi Arabia in 2017 (MEES, 4 August 2017). Saudi Energy Minister Prince Abdulaziz bin Salman heralded the deal as highlighting “the sound directives and proper guidance paid by the two brotherly countries.” Egypt and Saudi Arabia also emphasized the pan-Arab nature of the link, and th...
Volume: 64Issue: 40Published at Fri, 08 Oct 2021 -
Algeria’s Gas Burn Surges Amid Record Power Demand
...ly 2017. Gas accounts for about 99% of Algeria’s power generation capacity, so any power demand increase directly translates into a rise in gas consumption. But a surge in sales gas output this year on the back of a slew of new project start-ups (MEES, 21 May) means any additional domestic demand ca...
Volume: 64Issue: 38Published at Fri, 24 Sep 2021 -
Saudi Arabia Burning Record Oil Volumes
...ar. Crude oil burn is up year-on-year, but is broadly within historical norms. At 407,000 b/d in April, it was up by 52,000 b/d year-on-year to the highest April figure since 2017. For fuel oil meanwhile, consumption of 637,000 b/d was up nearly 100,000 b/d from 2020, to by far the biggest April fi...
Volume: 64Issue: 24Published at Fri, 18 Jun 2021 -
Libya Advances Power Projects
...ectric of the first unit for its 650MW Tobruk gas turbine plant. Such developments are the result of a brightening political and security outlook after years of division and war (MEES, 12 February). Contracts for both plants were initially signed in 2017 but construction was put on hold due to fi...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Kuwait Receives Bids For $1bn Jurassic Gas Production Facilities
...5mn b/d to 1.7mn b/d (MEES, 5 February). A key gathering project for Burgan, the $1.3bn 120,000 b/d GC-32 is facing significant delays. Under a 2017 award, UK firm Petrofac was due to bring GC-32 online in mid-2020, but the latest targets are for a start-up later this year. Kuwait newspaper Al An...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
Saudi Liquids Burn Falls To Four-Year Lows In Early 2021
...ar at an average of 705,000 b/d (see chart 1 and p18 for full data). Not since 2017, the first full year of operation for the 2.5bn cfd Wasit gas processing plant, has oil burn opened the year at such levels (MEES, 24 March 2017). However, as Saudi Arabia has implemented its 1mn b/d voluntary ad...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
Egypt Power: Plentiful Gas, Falling Demand Make Shortfalls A Distant Memory
...fective capacity with blackouts commonplace. Two key events have transformed Egypt’s power supply situation in recent years. The start up of the giant Zohr offshore gas field at the end of 2017 and its subsequent ramp-up made chronic gas shortages a thing of the past (MEES, 14 September 2018). And 20...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Turkey Gas & Power: Pipelines, Black Sea Find, Nuclear & Renewables Give Ankara Options
...rkey. So it is perhaps not surprising that Russia, holder of the world’s largest gas reserves, has historically been Turkey’s top gas supplier. That said, the last two years have seen Russia’s market share fall to the two lowest figures on record. From a record 28.7bcm in 2017, half of Turkey’s total ga...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021 -
Egypt Power Fuels: Gas Surplus All But Ends Oil Burn
...s been the ramp-up in gas availability driving out oil burning from Egypt’s power generation fuel mix. *Fuel oil demand fell to just 34,000 b/d for 2020, a fifth of 2017 levels, as the country’s gas surplus all-but ended the burning of the fuel in power plants (see chart 3 and p1...
Volume: 64Issue: 08Published at Fri, 26 Feb 2021 -
Iraq Mulls Power Sell-Offs Amid Cash Crunch, Pre-Election Rivalry
...rliamentary elections planned in October. Kar’s most prominent role is as operator of the 160,000 b/d Khurmala Dome of the Kirkuk field in Iraq’s autonomous Kurdistan region. It also contentiously operated Kirkuk’s Avana Dome and the nearby Bai Hassan field between 2014 and 2017 until federal forces re...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Algeria’s Power Output Falls For First Time On Record In 2020
...20, but was also the second highest on record ahead of 2017’s 14.45GW (see chart 2). The good news is that peak demand remains well below Algeria’s installed capacity, which rose by 900MW to 22.9GW last year. That buffer isn’t as large as it looks, however. In reality, Algeria’s ‘available ca...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021