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NewBase 30-November -2022 Energy News issue - 1570 by Khaled Al Awadi_compressed.pdf

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Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of ...
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of ...
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of ...
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NewBase 30-November -2022 Energy News issue - 1570 by Khaled Al AwadiNewBase 30-November -2022 Energy News issue - 1570 by Khaled Al AwadiNewBase 30-November -2022 Energy News issue - 1570 by Khaled Al AwadiNewBase 30-November -2022 Energy News issue - 1570 by Khaled Al AwadiNewBase 30-November -2022 Energy News issue - 1570 by Khaled Al AwadiNewBase 30-November -2022 Energy News issue - 1570 by Khaled Al Awadi

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NewBase 30-November -2022 Energy News issue - 1570 by Khaled Al Awadi_compressed.pdf

  1. 1. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 1 NewBase Energy News 30 November 2022 No. 1570 Senior Editor Eng. Khaed Al Awadi NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE UAE Plans Global Energy Push With $150 Billion of Spending Bloomberg + NewBase The United Arab Emirates’ main energy company will boost investment to $150 billion over the next five years, speed up an increase in oil-production capacity and list some of its natural gas business. Abu Dhabi National Oil Co. also said it would expand its international gas, chemicals and clean- energy operations. The moves are part of a push by the company and the UAE to raise output of hydrocarbons while at the same time neutralizing planet-warming emissions by 2050. The decisions were made at an annual board meeting on Monday lead by the UAE’s president, Sheikh Mohammed bin Zayed. The OPEC member has, along with neighboring Saudi Arabia, criticized Western governments and investors for trying to transition away from fossil fuels too quickly. They’ve pointed to this year’s surge in prices as evidence there’s been too little investment in oil and gas exploration in recent years.
  2. 2. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 2 “The world needs maximum energy, minimum emissions and it needs all the energy solutions if we are to ensure global energy security,” Sultan al Jaber, Adnoc’s chief executive offer, said in a statement. Gas IPO Adnoc will combine its liquefied natural gas and gas-processing arms in a new unit. It will sell a minority share of the business, to be called Adnoc Gas, through an initial public offering in Abu Dhabi in 2023. Abu Dhabi’s stock market, along with those in Dubai and Riyadh, has been a rare bright spot for IPOs this year. While most major markets, including Europe and the US, have seen deals slump, Persian Gulf economies benefited from oil’s surge above $100 a barrel earlier this year. Adnoc owns 70% of its LNG arm, with the rest held by Japan’s Mitsui & Co., BP Plc and TotalEnergies SE. Adnoc will build a new LNG production plant at the port city of Fujairah as it looks to almost triple its capacity to around 15 million tons a year. It’s also growing its LNG trading division. Adnoc Gas Processing is 68%-owned by Adnoc. The other shareholders are Total, Shell Plc and PTT Pcl of Thailand. Adnoc Gas will be one of the world’s largest gas-processing entities, Adnoc said, with a capacity of 10 billion cubic feet a day across eight onshore and offshore sites. It will have a pipeline network of more than 3,250 kilometers (2,019 miles). Demand for gas -- used largely as fuel for power plants and heating -- is soaring as Europe rushes to replace supplies from Russia. In September, Adnoc said it would send more LNG cargoes to Germany. More Oil Adnoc will now aim to raise crude output capacity to 5 million barrels a day from just over 4 million by 2027, earlier than the previous target of 2030. Some of the $150 billion of capital expenditure -- an increase on the company’s previous five-year spending target of $127 billion that was announced a year ago -- will go toward that. Adnoc’s net zero pledge -- which will only apply to emissions from its operations, not those from customers burning its fuel products -- follows that of the UAE itself, made in 2021. The company also said its oil reserves had risen by 2 billion barrels this year to 113 billion, and that its gas reserves stood at 290 trillion cubic feet. These “reinforce the country’s position in global rankings as the custodian of the sixth-largest oil reserves and the seventh-largest gas reserves,” Adnoc said.
  3. 3. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 3 Saudi Arabia's Acwa Power and PIF to build 2.1GW solar plant The National - Fareed Rahman + NewBAse A unit of Saudi Arabia's Public Investment Fund and Acwa Power have signed agreements to develop a solar plant in Makkah with a total capacity of 2.1 gigawatts. The facility, which is expected to begin commercial operations in the fourth quarter of 2025, will be the "largest of its kind in the Middle East", the companies said in a statement on Wednesday. The project will be jointly owned by Water and Electricity Holding Company (Badeel) and Acwa Power, with each holding a 50 per cent stake through a joint venture. Acwa Power, which operates in 13 countries, is targeting about 120 gigawatts of power-generating capacity in the next 10 years. Ruel Pableo / The National The newly-established venture — Shuaibah Two Electrical Energy Company — has signed a power purchase agreement with Saudi Power Procurement Company (SPPC) valued at $1.75 billion, Acwa Power said in a statement to the Saudi stock exchange Tadawul, where its shares are traded. ”This marks a key achievement toward PIF’s commitment to develop 70 per cent of Saudi Arabia’s renewable energy by 2030," Yazeed Al Humied, deputy governor and head of Mena investments at PIF, said. "Utilities and Renewables is one of PIF’s priority sectors as part of its domestic strategy, which focuses on unlocking the capabilities of promising sectors to enhance Saudi Arabia’s efforts in diversifying revenue sources."
  4. 4. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 4 Saudi Arabia is focusing heavily on renewable energy as it looks to meet its climate commitments, while diversifying away from oil exports. State-owned oil exporter Saudi Aramco has established a $1.5 billion sustainability fund to invest in “breakthrough” technology and start-ups to help fight climate change. The fund, managed by Aramco’s venture capital arm, will invest in technology that supports the energy company’s 2050 net-zero goals while helping to develop new lower-carbon fuels. “Solar power is a key component in unlocking positive economic, environmental and social outcomes for the betterment of communities across our great nation," Mohammad Abunayyan, chairman of Acwa Power, said. "We remain committed to developing local capabilities in technology, supply chain, and talent and ensure they are realised to their fullest potential." Acwa Power operates in 13 countries across the Middle East, Africa, Central and South-East Asia. It has a portfolio of 67 assets with a total investment of $66.5 billion, producing about 43 gigawatts of power, with 37 per cent of the total capacity being renewables. The signing of the new project comes as Acwa Power continues to boost its renewables portfolio globally. A Saudi Acwa Power-generating windmill is pictured in Jbel Sendouq, on the outskirts of Tangier, Morocco. Earlier this month, the Riyad- based utility developer revealed plans to build a 10-gigawatt wind farm in Egypt, in partnership with the North African country's New and Renewable Energy Authority and the Egyptian Electricity Transmission Company. The company also signed $12 billion worth of agreements to develop new energy projects in Uzbekistan, including the world’s largest single onshore wind project, with a total capacity of 1.5 gigawatts, in the Karakalpakstan region of the country. It was also selected as the preferred bidder to develop two solar plants in Indonesia, South- East Asia's largest economy, as it continues to develop projects in different countries. Acwa Power is targeting about 120 gigawatts of power-generating capacity in the next 10 years with a presence in 20 countries, its chief financial officer Abdulhameed Al Muhaidib recently told The National. It plans to raise more money through the issuance of a bond at the end of this year or early next year to fund its growth plans.
  5. 5. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 5 Dubai-based AMEA Power gets $750 million to build 1.0 GW wind and solar farms in Egypt Bloomberg + NewBAse AMEA Power, a Dubai-based renewable-energy company, secured $750 million of funding for a solar plant and a wind farm in Egypt and said it will consider an initial public offering in the next three years. “Listing is one option, merging with another organisation is the second option, and an alliance with a major global player, the third option,” Chairman Hussain Al Nowais said in an interview. “At this stage, our intention is to continue growing.” The family-owned firm hopes to finish the Egyptian plants, which will have a combined power capacity of 1 gigawatt, within two years, he said. It has raised debt to build them from lenders including Standard Chartered Plc, Sumitomo Mitsui Banking Corp. and the International Finance Corp., he said. Egypt is garnering plenty of interest from clean-energy investors, many of who see it as a prime location to build wind and solar farms and green-hydrogen plants. The country hosted this month’s COP27 climate summit, during which it announced the construction of an $11 billion wind farm, one of the biggest in the world. The AMEA wind plant, in which Japan’s Sumitomo Corp. will own a 40 per cent stake, will be located at Ras Ghareb on the Red Sea. The solar project will be at Abydos on the Nile.
  6. 6. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 6 Arctic Air Blast to Hit Europe Next Month Will Test Energy Grids Bloomberg + NewBase Temperatures are poised to plunge next month in Northern Europe as cold air blows in from the Arctic in what will be the first proper winter test for the region’s fragile energy systems. The Nordic region and Germany will see temperatures well below average for this time of year, with levels in Helsinki falling as much as 6.9 degrees Celsius (12.4 Fahrenheit) below average on Tuesday and Wednesday, Maxar Technologies Inc. said in a report. It’s only southern Europe that will be spared the frigid temperatures, forecasters warn. “A so-called Greenland blocking is starting to take shape in the middle or end of next week, which will send cold Arctic air in over Europe,” meteorologists at Klart.se in Sweden said Wednesday. A blocking pattern is a near-stationary pressure system that can force other weather fronts to flow around it. After a milder-than-normal autumn, which allowed utilities to replenish depleted natural gas reserves, the winter’s first prolonged cold snap will put Europe’s power supplies to the test. From Finland to France, governments have warned of shortages and rolling blackouts as demand is set to increase in the coming months. Power prices are already on a tear. The Nordic daily rate for Wednesday surged 8.2% to 373.23 euros ($387) per megawatt-hour, the highest level since the height of the energy crisis in September, on the Nord Pool exchange in Oslo. Key to the price moves is how much water is available in the region’s vast reservoirs, and how much producers decide to hold back for later in the winter when prices may be even higher. “We will most likely see a large increase in demand, causing hydropower producers to increase their water valuation and therefore result in higher prices as well,” said Fabian Ronningen, an analyst at Rystad Energy AS.
  7. 7. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 7 Southern Sweden is already desperately short of power and an outage at the nation’s biggest reactor in December will provide the biggest test yet. That may boost electricity exports from Norway, according to Ronningen. Sweden’s Biggest Nuclear Reactor to Halt for Repairs in December. Prices will probably stay above the 300-euro mark for the next few weeks as a direct result of the colder weather, he said. Much of continental Europe is also poised for colder weather next week, according to Maxar, a weather forecasting company. Temperatures in Paris will be 6.6 degrees Celsius below normal on Monday. Southern Europe will remain mild this week, with temperatures in Rome forecast at 2.1 degrees above normal on Wednesday, according to Maxar.
  8. 8. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 8 Europe’s LNG import capacity to expand by 33% by end of 2024 The International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press Liquefied natural gas (LNG) import capacity in the European Union (EU) and the United Kingdom (UK) will expand by 34%, or 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021, according to the International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press data. Expansions of import, or regasification, capacity will total 5.3 Bcf/d by the end of next year and grow further by an additional 1.5 Bcf/d by the end of 2024. Note: Map displays existing and under construction LNG import capacity in the European Union and UK as of November 2022. Capacity under construction is expected to come online in 2023–24. LNG = liquefied natural gas. LNG regasification capacity in the EU-27 and the UK remained relatively stable and expanded modestly in the last 10 years, by 2.8 Bcf/d (16%), from 17.5 Bcf/d in 2012 to 20.2 Bcf/d at the end of 2021, according to data from GIIGNL. Since Russia’s full-scale invasion of Ukraine in February 2022 and the reduction in natural gas pipeline imports from Russia that followed, European countries have reactivated development of previously dormant regasification projects and have started development of new projects. Many of the new regasification projects in Europe can be developed relatively quickly by chartering Floating Storage and Regasification Units (FSRUs) and by building pipelines to transport regasified natural gas to connecting pipelines onshore. Other regasification projects in Europe will expand capacity at the existing onshore terminals and implement upgrades to increase existing terminals' throughput. So far this year, approximately 1.7 Bcf/d of the new and expanded LNG regasification capacity has been added in the Netherlands, Poland, Finland, Italy, and Germany. The new EemsEnergy terminal in the Netherlands (0.8 Bcf/d capacity) consists of two FSRU vessels and received its first
  9. 9. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 9 import cargo in September 2022. A new FSRU terminal at Wilhelmshaven Port in Germany (0.7 Bcf/d capacity) has been completed in November 2022. Regasification terminals currently under construction in seven EU countries could add an additional 3.5 Bcf/d of new capacity by the end of 2023:  Germany is developing three new FSRU terminals, which will cumulatively add 1.4 Bcf/d of regasification capacity at Lubmin, Brunsbuttel, and Wilhelmshaven. Two terminals (at Lubmin and Brunsbuttel) are expected to start operations this winter, and the second terminal at Wilhelmshaven is expected online in 2023.  Poland will expand capacity at the existing LNG regasification terminal at Świnoujście by 0.2 Bcf/d to reach a total capacity of 0.8 Bcf/d by December 2023.  France will add 0.4 Bcf/d of regasification capacity using an FSRU vessel called Cape Anne at Le Havre port, which is expected to come online in fall 2023.  Finland and Estonia are jointly developing an FSRU terminal in the Finnish port of Inkoo, which will add 0.5 Bcf/d capacity and is expected to come online this winter.  Italy is developing an FSRU terminal near the port of Piombino, which will add 0.5 Bcf/d of capacity and will likely com e online in spring 2023.  Greece will bring online an FSRU vessel at Alexandroupolis port by the end of 2023, with 0.5 Bcf/d of regasification capacity.
  10. 10. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 10 NewBase November 30 -2022 Khaled Al Awadi NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE Oil up over 2% on tighter supply while OPEC+ talks limit gains Reuters + NewBase Oil prices rose by over 2% on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. But the likelihood that OPEC+ will leave output unchanged at its upcoming meeting limited the gains. Brent crude futures rose $2.06, or 2.48% to $85.09 per barrel by 1044 GMT. The more active February Brent crude contract rose by 2.02% to $85.95. U.S. West Texas Intermediate (WTI) crude futures climbed $1.69, or 2.16%, to $79.89. Support followed expectations of tighter crude supply. U.S. crude oil stocks dropped by 7.9 million barrels in the week ended Nov. 25, according to market sources citing American Petroleum Institute figures on Tuesday. Official figures are due from the U.S Energy Information Administration on Wednesday. Oil price special coverage  API data shows fall in U.S. crude stocks  Optimism on China fuel demand, economic outlook evident  IEA expects Russian crude output to fall by 2 mln bpd by March  OPEC+ virtual meeting signals potentially limited policy change
  11. 11. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 11 And the International Energy Agency expects Russian crude production to be curtailed by some 2 million barrels of oil per day by the end of the first quarter next year, its chief Fatih Birol told Reuters on Tuesday. On the demand side, further support came from optimism over a demand recovery in China, the world's largest crude buyer. China reported fewer COVID-19 infections than on Tuesday, while the market speculated that weekend protests could prompt an easing in travel restrictions. Guangzhou, a southern city, relaxed COVID prevention rules in several districts on Wednesday. A fall in the U.S. dollar was also bearish for prices. A weaker greenback makes dollar-denominated oil contracts cheaper for holders of other currencies, and boosts demand. Fed Chair Jerome Powell is scheduled to speak about the economy and labour market on Wednesday, with investors looking for clues about when the Fed will slow the pace of its aggressive interest rate hikes. Capping gains, the OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday. "Market fundamentals favour another cut, especially given the uncertainty over China's COVID situation ... Failure to do so risks sparking another selling frenzy," said Stephen Brennock of oil broker PVM.
  12. 12. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 12 OPEC+ decision to hold virtual meeting signals little likelihood of policy change, cap on Russian oil awaited The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday. A virtual meeting also puts the focus on the pending European Union deal on a price cap on Russian oil ahead of a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow's seaborne crude. "OPEC+ would rather sit on the bench at this time and assess the outcome of what happens on Monday," the source added. The Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, meets as the looming European Union ban on Russian crude imports and the G7 price cap on Russian oil place a question mark over supply. In October, OPEC+ agreed to cut output by 2 million barrels per day(bpd) equal to 2% of global supply, effective until Dec. 2023.
  13. 13. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 13 NewBase Specual Coverage The Energy world –November -30 -2022 CLEAN ENERGY Natural gas production and consumption has increased in Egypt and Israel for 20 years U.S. Energy Information Administration, International Energy Statistics Natural gas has played an increasingly important role in both Egypt’s and Israel’s economies over the past 20 years, and both consumption and production have grown substantially in those countries. Egypt’s and Israel’s natural gas delivery systems have become increasingly interdependent in terms of using Egypt’s LNG export infrastructure and natural gas feedstock. Egypt has two operating liquefied natural gas (LNG) export terminals, which both countries use to export natural gas, according to our updated Eastern Mediterranean Energy profile. Although both countries export some natural gas, growth in domestic use of natural gas over the past 20 years has limited the volume of natural gas available for export. A number of recent discoveries, however, may make more natural gas available for export in the future. Natural gas production increased in Egypt starting in 2017, when the Zohr field began operating. Natural gas production from this field was 1 trillion cubic feet (Tcf) per year in 2021, according to its
  14. 14. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 14 field operator, Eni. According to our energy profile, natural gas production in Egypt totaled 2.45 Tcf in 2021. Israel is the second-largest natural gas producer in the Eastern Mediterranean region, after Egypt. Natural gas production in Israel began growing in 2013 when the Tamar field began production. Since then, several more natural gas fields have begun production. In 2021, natural gas production in Israel totaled 626 billion cubic feet (Bcf). Two LNG export terminals are located in Egypt, one at Damietta (SEGAS LNG) and one at Idku (Egyptian LNG). The two export terminals allow Egypt and Israel to export natural gas to international destinations, including Europe and Asia. Increased domestic consumption of natural gas in both countries has outpaced production growth. Our data show that in 2021, Egypt consumed 87% of the 2.45 Tcf of the natural gas it produced. In some years, demand exceeded domestic natural gas production, making natural gas imports necessary to meet demand. Israel has historically consumed a smaller share of its domestic natural gas production compared with Egypt or Turkey. Natural gas consumption in Israel, however, has gradually increased since 2012 because of more demand for natural gas in the electric power and industrial sectors. In 2021, Israel consumed 67% of the 626 Bcf of natural gas it produced. Natural gas discoveries in Cyprus and Israel over the past decade that have not yet started production could increase production and export capacity.
  15. 15. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 15  In Israel, the Karish discoveries and the development of subsequent phases of the Leviathan and Tamar fields could provide a substantial increase in production once brought online.  Several natural gas discoveries have also been made in Cyprus with promising preliminary estimates. These discoveries are still being evaluated and appraised, and commercial production, if initiated, is not likely to begin until the 2030s.
  16. 16. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 16 NewBase Energy News 30 November 2022 - Issue No. 1570 call on +971504822502, UAE The Editor:” Khaled Al Awadi” Your partner in Energy Services NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE. For additional free subscriptions, please email us. About: Khaled Malallah Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Emarat member since 1990 ASME member since 1995 Hawk Energy member 2010 www.linkedin.com/in/khaled-al-awadi-38b995b Mobile: +971504822502 khdmohd@hawkenergy.net or khdmohd@hotmail.com Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S. Universities. Currently working as self leading external Energy consultant for the GCC area via many leading Energy Services companies. Khaled is the Founder of the NewBase Energy news articles issues, Khaled is an international consultant, advisor, ecopreneur and journalist with expertise in Gas & Oil pipeline Networks, waste management, waste-to-energy, renewable energy, environment protection and sustainable development. His geographical areas of focus include Middle East, Africa and Asia. Khaled has successfully accomplished a wide range of projects in the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas compressor stations. Executed projects in the designing & constructing of gas pipelines, gas metering & regulating stations and in the engineering of gas/oil supply routes. Has drafted & finalized many contracts/agreements in products sale, transportation, operation & maintenance agreements. Along with many MOUs & JVs for organizations & governments authorities. Currently dealing for biomass energy, biogas, waste-to-energy, recycling and waste management. He has participated in numerous conferences and workshops as chairman, session chair, keynote speaker and panelist. Khaled is the Editor-in-Chief of NewBase Energy News and is a professional environmental writer with over 1400 popular articles to his credit. He is proactively engaged in creating mass awareness on renewable energy, waste management, plant Automation IA and environmental sustainability in different parts of the world. Khaled has become a reference for many of the Oil & Gas Conferences and for many Energy program broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time, see contact details above.
  17. 17. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 17
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  20. 20. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 20

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