This document provides an overview of recent developments in natural gas exploration and production in the Eastern Mediterranean region, with three key points:
1. The major discovery of the Zhor gas field by ENI in Egypt has significant implications for the region, as it could make Egypt energy self-sufficient and reduce its LNG imports.
2. This discovery challenges plans by Cyprus and Israel to export gas to Egypt, as Egypt may no longer need these imports. It also delays further exploration drilling in Cyprus.
3. Cooperation between Cyprus and Israel on exporting their gas to Europe via a pipeline may now become more important, but many political and commercial challenges remain.
Iran has the world's largest proven natural gas reserves, but development has been slowed by sanctions; the country relies heavily on natural gas domestically but also aims to export gas through pipelines to neighbors and develop liquefied natural gas export projects. However, low global gas prices and surplus supply pose challenges for Iran's goal of increasing its role in international natural gas trade.
Liquefied natural gas (LNG) is rapidly changing the structure of the global gas industry.
Flexible in transportation, safe in use, and competitive in supply, LNG today has already won more than 40% of the physical volume of world gas exports and is expected to reach 60% by 2040. In 2020, the development of the LNG market underwent significant transformations, as the COVID-19 pandemic posed a challenge to the global economy.
Cogliolo Andrea - Innovation & Research - RINAWEC Italia
Slides presentate a Roma il 25 febbraio 2014 in occasione del Workshop "Il GNL è per tutti. Le prospettive di utilizzo del metano liquido per i service vessels, i traghetti a corto raggio e le marinerie minori" promosso da @ConferenzaGNL, un progetto a cura di Symposia e WEC Italia - TWITTER #GNL
Mediterranean Gas & Energy Week - Southeast Europe Energy Opportunities Intro...George Kovacic
Presented at the IN-VR Summit on January 21st, 2021.
Abstract: Since the first Energy Summit in 2013 Southeast Europe has made tremendous progress. The Trans Adriatic Pipeline and LNG Croatia projects were built and commenced operations in early 2021.
Current global industry focus is on the Adriatic Sea where, in 2021, ENI and Novatek are spudding two offshore exploration wells in Montenegro. Hydrocarbon E&P will allow the region to address energy poverty and security as well as climate concerns. Regional E&P results in: lower cost energy and increased competition, decreased import dependency, tax revenue and jobs. Meanwhile climate concerns are addressed via carbon capture, utilization and storage; decreased use of coal and wood, extended use of assets and repurposing of infrastructure. Plus hydrocarbon E&P will address naturally occurring oil and gas seeps throughout the Adriatic Sea. Provided are German comparison examples - Nord Stream 2 and Mittelplate as well as US offshore production examples from Santa Barbara and Long Beach. A regional Greek example is provided from Kavala Bay.
Natural gas is on track to overtake oil as the world's primary energy source by the mid-2020s. Global LNG production is expected to increase substantially, from 250 million tonnes per year in 2016 to around 630 million tonnes per year by 2050. This will be driven by growing demand, especially in China and other Asian markets, as well as the diversification of LNG supply sources from countries like the US, Australia, Russia, and new producers in Africa.
AAPG Europe - APPEX Global Presentation by George Kovacic - "Enabling the Ene...George Kovacic
Abstract: Concerns about climate change and the European Green Deal have brought into question the future of hydrocarbon exploration and production (E&P) in Central and Eastern European Countries (CEEC). The region has prolific offshore and onshore basins with producing oil and gas fields that despite decades of production still contain highly underexplored and largely virgin acreage. The region is also a substantial importer of hydrocarbons. This year, for example, both a new import pipeline and LNG terminal commenced operation. Meanwhile, key regional interconnectors and other infrastructure are either under construction or planning. In this presentation, I will examine how the need for energy security and reduction of energy poverty means that hydrocarbon E&P and green energy will need to co-exist. I will provide examples how the energy transition can be enabled through hydrocarbon E&P.
Short Bio: George Kovacic is an energy expert specializing in market entry, energy transition, above-ground risk minimization and investment attraction. His clients include oil companies, energy consulting corporations as well as energy industry service and product providers. George also advises hydrocarbon agencies and ministries. He has achieved much success for his clients in Europe, North America and elsewhere. George has played a leading role in the launching of hydrocarbon license rounds and the establishment of successful regulatory and fiscal regimes for hydrocarbon exploration and production. His work has resulted in dozens of new market entries and has generated over a half of a billion dollars in contracts for his clients. George has an MBA High Honors from the Université Libre de Bruxelles (Solvay Business School) in Brussels, Belgium and a BA from the University of Alberta in Edmonton, Canada.
The document provides updates on various LNG projects, orders, and agreements around the world. Key details include Trustar opening a CNG station in Orlando; InterMoor completing mooring and foundation installation for Juniper; Lloyd Register collaborating with Penn Oak Energy Corp; and BGC delivering an LNG carrier called Amadi. The document also mentions Pakistan beginning construction of an LNG pipeline; Golar LNG receiving funding for its GoFLNG Hilli project; and Technip winning project management consultant work for the Trans Adriatic Pipeline.
Iran has the world's largest proven natural gas reserves, but development has been slowed by sanctions; the country relies heavily on natural gas domestically but also aims to export gas through pipelines to neighbors and develop liquefied natural gas export projects. However, low global gas prices and surplus supply pose challenges for Iran's goal of increasing its role in international natural gas trade.
Liquefied natural gas (LNG) is rapidly changing the structure of the global gas industry.
Flexible in transportation, safe in use, and competitive in supply, LNG today has already won more than 40% of the physical volume of world gas exports and is expected to reach 60% by 2040. In 2020, the development of the LNG market underwent significant transformations, as the COVID-19 pandemic posed a challenge to the global economy.
Cogliolo Andrea - Innovation & Research - RINAWEC Italia
Slides presentate a Roma il 25 febbraio 2014 in occasione del Workshop "Il GNL è per tutti. Le prospettive di utilizzo del metano liquido per i service vessels, i traghetti a corto raggio e le marinerie minori" promosso da @ConferenzaGNL, un progetto a cura di Symposia e WEC Italia - TWITTER #GNL
Mediterranean Gas & Energy Week - Southeast Europe Energy Opportunities Intro...George Kovacic
Presented at the IN-VR Summit on January 21st, 2021.
Abstract: Since the first Energy Summit in 2013 Southeast Europe has made tremendous progress. The Trans Adriatic Pipeline and LNG Croatia projects were built and commenced operations in early 2021.
Current global industry focus is on the Adriatic Sea where, in 2021, ENI and Novatek are spudding two offshore exploration wells in Montenegro. Hydrocarbon E&P will allow the region to address energy poverty and security as well as climate concerns. Regional E&P results in: lower cost energy and increased competition, decreased import dependency, tax revenue and jobs. Meanwhile climate concerns are addressed via carbon capture, utilization and storage; decreased use of coal and wood, extended use of assets and repurposing of infrastructure. Plus hydrocarbon E&P will address naturally occurring oil and gas seeps throughout the Adriatic Sea. Provided are German comparison examples - Nord Stream 2 and Mittelplate as well as US offshore production examples from Santa Barbara and Long Beach. A regional Greek example is provided from Kavala Bay.
Natural gas is on track to overtake oil as the world's primary energy source by the mid-2020s. Global LNG production is expected to increase substantially, from 250 million tonnes per year in 2016 to around 630 million tonnes per year by 2050. This will be driven by growing demand, especially in China and other Asian markets, as well as the diversification of LNG supply sources from countries like the US, Australia, Russia, and new producers in Africa.
AAPG Europe - APPEX Global Presentation by George Kovacic - "Enabling the Ene...George Kovacic
Abstract: Concerns about climate change and the European Green Deal have brought into question the future of hydrocarbon exploration and production (E&P) in Central and Eastern European Countries (CEEC). The region has prolific offshore and onshore basins with producing oil and gas fields that despite decades of production still contain highly underexplored and largely virgin acreage. The region is also a substantial importer of hydrocarbons. This year, for example, both a new import pipeline and LNG terminal commenced operation. Meanwhile, key regional interconnectors and other infrastructure are either under construction or planning. In this presentation, I will examine how the need for energy security and reduction of energy poverty means that hydrocarbon E&P and green energy will need to co-exist. I will provide examples how the energy transition can be enabled through hydrocarbon E&P.
Short Bio: George Kovacic is an energy expert specializing in market entry, energy transition, above-ground risk minimization and investment attraction. His clients include oil companies, energy consulting corporations as well as energy industry service and product providers. George also advises hydrocarbon agencies and ministries. He has achieved much success for his clients in Europe, North America and elsewhere. George has played a leading role in the launching of hydrocarbon license rounds and the establishment of successful regulatory and fiscal regimes for hydrocarbon exploration and production. His work has resulted in dozens of new market entries and has generated over a half of a billion dollars in contracts for his clients. George has an MBA High Honors from the Université Libre de Bruxelles (Solvay Business School) in Brussels, Belgium and a BA from the University of Alberta in Edmonton, Canada.
The document provides updates on various LNG projects, orders, and agreements around the world. Key details include Trustar opening a CNG station in Orlando; InterMoor completing mooring and foundation installation for Juniper; Lloyd Register collaborating with Penn Oak Energy Corp; and BGC delivering an LNG carrier called Amadi. The document also mentions Pakistan beginning construction of an LNG pipeline; Golar LNG receiving funding for its GoFLNG Hilli project; and Technip winning project management consultant work for the Trans Adriatic Pipeline.
The document discusses upstream developments and gas infrastructure implications in the Black Sea region. It provides an overview of exploration and production activities by major companies in Bulgarian and Romanian waters, including discoveries by Total, Shell, OMV, Repsol, Petroceltic, Carlyle, Lukoil, Exxon and OMV Petrom. It also mentions Turkey's plans to perform offshore drilling and seismic exploration in the Black Sea in coming years.
The document summarizes options for monetizing natural gas resources discovered in Cyprus. It discusses establishing a liquefied natural gas (LNG) terminal as the priority, while also considering a pipeline to export gas to markets in Europe and Turkey. Regional markets for gas exports via pipelines and compressed natural gas are also examined. The document concludes by emphasizing the need to exploit Cyprus' resources through partnerships with Israel and export opportunities to Europe and regional markets.
The document discusses the Gladstone LNG project in Australia. It describes how Bechtel was contracted to design and build three large LNG plants on Curtis Island near Gladstone. The plants will liquefy and export natural gas extracted from coal seams in Queensland. The project aims to meet growing global energy demand but has faced concerns about environmental and social impacts from gas extraction and construction activities.
Professor Mike Bradshaw gave a presentation on the global natural gas market titled "A Story in Four Acts". The presentation discussed: Act 1) the US shale gas revolution which increased US gas production significantly; Act 2) the loss of the US LNG import market as US domestic production rose; Act 3) the impact of the Fukushima disaster on energy policy; and Act 4) the return of coal to Europe. Charts and figures were presented on US gas production trends and the factors enabling the shale gas boom. The presentation analyzed how the US shale gas revolution disrupted global gas flows and created an LNG supply glut.
The PNG LNG Project is a large-scale natural gas development project in Papua New Guinea that includes gas production facilities, over 700km of pipelines, a gas conditioning plant, and liquefaction and storage facilities near Port Moresby with an annual capacity of 6.9 million tonnes. Major contractors were involved in constructing the upstream infrastructure, offshore and onshore pipelines, LNG plant, marine facilities, gas conditioning plant, wellpads, Komo Airfield, and drilling. The initial $19 billion investment is expected to produce over nine trillion cubic feet of gas over the life of the project for customers in Asia.
The document summarizes the ongoing dispute between Gazprom of Russia and Naftogaz of Ukraine over natural gas supply contracts. It discusses how the dissolution of the Soviet Union impacted gas reserves and supply routes between the two countries. The dispute involves pricing disagreements as well as political tensions. A temporary settlement was reached in 2006 involving a five-year contract and price concessions, but long term solutions proving difficult due to political differences between Russia and Ukraine remain elusive.
Shell and BP have signed deals to supply Kuwait with liquefied natural gas (LNG) over the next 5-6 years, totaling around 2.5 million tonnes annually. Kuwait needs to import more LNG each summer due to surging air conditioning demand and a lack of domestic gas supply. Spike Exploration has participated in four exploration wells in the UK and Norway, all of which encountered oil and gas, including a discovery in Norway called Pil that tested a production rate of 6,700 barrels of oil equivalent per day.
Developing gas infrastructure in Indonesia's archipelagic geography presents unique challenges. As an island nation made up of over 13,000 islands spanning over 5,000 km east to west, connecting gas supplies to markets requires pipelines, ships and terminals. Current challenges include insufficient domestic infrastructure to utilize non-export gas, and balancing widely dispersed reserves with demand concentrated on Java. Lessons from the past show deals exchanging gas for oil and exporting pipeline gas to other countries can help monetize reserves. Future infrastructure plans include more pipelines, receiving terminals and a virtual pipeline clustering system to link reserves to markets within a regional and international context.
Gas problems with russian and ukrainian indigestionlaskow30
The document discusses the interdependence between Russia and the EU on energy imports and exports, with Russia exporting a majority of its gas, oil, and coal to the EU. It also summarizes the history of gas disputes between Russia and Ukraine, with 80% of Russian gas exports to Europe flowing through Ukrainian pipelines. The document outlines future pipeline projects like Nord Stream, South Stream, and Nabucco that could impact European energy security and Russian influence. It concludes by discussing possible paths forward for Ukraine in addressing its internal problems relating to corruption, legislation, energy management, and resource use.
This document provides an update to the 2009 Master Plan for the Vasilikos Area in Cyprus. It was prepared by Poten & Partners and ALA Planning for Noble Energy and the Cypriot government. The original plan envisioned an onshore LNG import terminal and oil storage, but has been updated due to Cyprus' natural gas discoveries. Noble Energy has signed a deal to develop an LNG liquefaction plant at Vasilikos to export gas. The update takes into account space needs for multiple LNG plants and moving hydrocarbon storage to Vasilikos. Poten & Partners leads the study with expertise in LNG and natural gas projects, while ALA Planning provides local planning knowledge.
Kuwait has ambitious plans to expand its oil and gas production and power generation capacities over the next 5-10 years. Current oil production capacity of 936,000 bbl/d is planned to increase to 1.415 million bbl/d through expansion projects. Similarly, power generation capacity is planned to increase from the current 4,800 MW to 11,500 MW. Total planned investment in oil, gas and power projects over the next 5-10 years is estimated at over 58 billion KD. Kuwait also has a large development plan including projects worth over 58 billion KD across various sectors such as residential cities, ports, airports and infrastructure. The oil and gas sector will remain the backbone of Kuwait's economy
Mozambique has emerged as a major natural gas producer with over 100 trillion cubic feet of reserves discovered in 2012. Several international oil and gas companies have significant interests in Mozambique's exploration blocks, including Anadarko, ENI, Shell, and PTTEP. Mozambique's large natural gas reserves are expected to boost its GDP substantially and transform its economy. The country is working to develop its natural gas resources through partnerships with international companies and countries like Japan to export liquefied natural gas.
New base energy news issue 951 dated 20 november 2016Khaled Al Awadi
- Kuwait will offer 120 new fuel stations over the next 7 years as it works to secure 15% of its energy from renewable sources by 2030. Around 19 stations have already been offered and 15 more will soon follow.
- Malaysia's Petronas will decide whether to proceed with a proposed $27 billion LNG plant in Canada by April after reassessing project costs. The project could produce 19.2 million tons of LNG per year.
- Natural gas storage in the US reached a new record high of 4,017 billion cubic feet as of November 4th due to relatively high inventories throughout the year and a warmer-than-usual winter last year.
Eastern Macedonia and Thrace Institute of Technology
Dept. of Petroleum and Natural Gas Engineering
MSc in Oil & Gas Technology
“Oil Trading”
“Cyprus: An update on gas exploration and reserves”
Supervisor: N. Kontinakis
January 2014
Scandinavia Oil-Gas Magazine May 2011 paperD.K. Das
This document discusses the potential for LNG exports from the United States to Japan. It notes that Japan is the world's largest LNG importer and will likely increase imports following the Fukushima disaster. The US has large natural gas reserves and proposed LNG export terminals on the Gulf Coast that could supply Japan. An analysis of delivery costs suggests US LNG delivered to Japan could be competitive at $7.17/MMBtu compared to other suppliers. However, risks include regulatory hurdles, potential oversupply from other exporters, and environmental concerns around fracking. If these challenges can be addressed, US LNG exports have the potential to supply growing Asian demand.
Albpetrol is a state-owned company in Albania that produces and trades oil and gas and holds licenses for transportation and distribution of natural gas. The chairman presented on Albpetrol's assets, capital, employees, income and profit. Production of oil in Albania from 1929-2014 was shown. Albpetrol has partnerships with international oil companies for 16 oil fields under production sharing agreements. The privatization process for Albpetrol was started in 2015 and will not include management of exploration blocks or the transportation license.
With the beginning of the millennium,
Most of the world countries started to turn
toward the natural gas as an alternative
energy resource instead of crude oil and
harmless resource for the environment.
Global conflict signs started to shape
because of the countries’ interests
encounter - specially, in the near and
middle east regions.
In this presentation, I will try to explain
these signs by dividing the related
countries to three categories:
1- Consuming Countries.
2- Producing Countries.
3- Transit Countries.
NewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi_compresse...Khaled Al Awadi
NewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docx
The document discusses upstream developments and gas infrastructure implications in the Black Sea region. It provides an overview of exploration and production activities by major companies in Bulgarian and Romanian waters, including discoveries by Total, Shell, OMV, Repsol, Petroceltic, Carlyle, Lukoil, Exxon and OMV Petrom. It also mentions Turkey's plans to perform offshore drilling and seismic exploration in the Black Sea in coming years.
The document summarizes options for monetizing natural gas resources discovered in Cyprus. It discusses establishing a liquefied natural gas (LNG) terminal as the priority, while also considering a pipeline to export gas to markets in Europe and Turkey. Regional markets for gas exports via pipelines and compressed natural gas are also examined. The document concludes by emphasizing the need to exploit Cyprus' resources through partnerships with Israel and export opportunities to Europe and regional markets.
The document discusses the Gladstone LNG project in Australia. It describes how Bechtel was contracted to design and build three large LNG plants on Curtis Island near Gladstone. The plants will liquefy and export natural gas extracted from coal seams in Queensland. The project aims to meet growing global energy demand but has faced concerns about environmental and social impacts from gas extraction and construction activities.
Professor Mike Bradshaw gave a presentation on the global natural gas market titled "A Story in Four Acts". The presentation discussed: Act 1) the US shale gas revolution which increased US gas production significantly; Act 2) the loss of the US LNG import market as US domestic production rose; Act 3) the impact of the Fukushima disaster on energy policy; and Act 4) the return of coal to Europe. Charts and figures were presented on US gas production trends and the factors enabling the shale gas boom. The presentation analyzed how the US shale gas revolution disrupted global gas flows and created an LNG supply glut.
The PNG LNG Project is a large-scale natural gas development project in Papua New Guinea that includes gas production facilities, over 700km of pipelines, a gas conditioning plant, and liquefaction and storage facilities near Port Moresby with an annual capacity of 6.9 million tonnes. Major contractors were involved in constructing the upstream infrastructure, offshore and onshore pipelines, LNG plant, marine facilities, gas conditioning plant, wellpads, Komo Airfield, and drilling. The initial $19 billion investment is expected to produce over nine trillion cubic feet of gas over the life of the project for customers in Asia.
The document summarizes the ongoing dispute between Gazprom of Russia and Naftogaz of Ukraine over natural gas supply contracts. It discusses how the dissolution of the Soviet Union impacted gas reserves and supply routes between the two countries. The dispute involves pricing disagreements as well as political tensions. A temporary settlement was reached in 2006 involving a five-year contract and price concessions, but long term solutions proving difficult due to political differences between Russia and Ukraine remain elusive.
Shell and BP have signed deals to supply Kuwait with liquefied natural gas (LNG) over the next 5-6 years, totaling around 2.5 million tonnes annually. Kuwait needs to import more LNG each summer due to surging air conditioning demand and a lack of domestic gas supply. Spike Exploration has participated in four exploration wells in the UK and Norway, all of which encountered oil and gas, including a discovery in Norway called Pil that tested a production rate of 6,700 barrels of oil equivalent per day.
Developing gas infrastructure in Indonesia's archipelagic geography presents unique challenges. As an island nation made up of over 13,000 islands spanning over 5,000 km east to west, connecting gas supplies to markets requires pipelines, ships and terminals. Current challenges include insufficient domestic infrastructure to utilize non-export gas, and balancing widely dispersed reserves with demand concentrated on Java. Lessons from the past show deals exchanging gas for oil and exporting pipeline gas to other countries can help monetize reserves. Future infrastructure plans include more pipelines, receiving terminals and a virtual pipeline clustering system to link reserves to markets within a regional and international context.
Gas problems with russian and ukrainian indigestionlaskow30
The document discusses the interdependence between Russia and the EU on energy imports and exports, with Russia exporting a majority of its gas, oil, and coal to the EU. It also summarizes the history of gas disputes between Russia and Ukraine, with 80% of Russian gas exports to Europe flowing through Ukrainian pipelines. The document outlines future pipeline projects like Nord Stream, South Stream, and Nabucco that could impact European energy security and Russian influence. It concludes by discussing possible paths forward for Ukraine in addressing its internal problems relating to corruption, legislation, energy management, and resource use.
This document provides an update to the 2009 Master Plan for the Vasilikos Area in Cyprus. It was prepared by Poten & Partners and ALA Planning for Noble Energy and the Cypriot government. The original plan envisioned an onshore LNG import terminal and oil storage, but has been updated due to Cyprus' natural gas discoveries. Noble Energy has signed a deal to develop an LNG liquefaction plant at Vasilikos to export gas. The update takes into account space needs for multiple LNG plants and moving hydrocarbon storage to Vasilikos. Poten & Partners leads the study with expertise in LNG and natural gas projects, while ALA Planning provides local planning knowledge.
Kuwait has ambitious plans to expand its oil and gas production and power generation capacities over the next 5-10 years. Current oil production capacity of 936,000 bbl/d is planned to increase to 1.415 million bbl/d through expansion projects. Similarly, power generation capacity is planned to increase from the current 4,800 MW to 11,500 MW. Total planned investment in oil, gas and power projects over the next 5-10 years is estimated at over 58 billion KD. Kuwait also has a large development plan including projects worth over 58 billion KD across various sectors such as residential cities, ports, airports and infrastructure. The oil and gas sector will remain the backbone of Kuwait's economy
Mozambique has emerged as a major natural gas producer with over 100 trillion cubic feet of reserves discovered in 2012. Several international oil and gas companies have significant interests in Mozambique's exploration blocks, including Anadarko, ENI, Shell, and PTTEP. Mozambique's large natural gas reserves are expected to boost its GDP substantially and transform its economy. The country is working to develop its natural gas resources through partnerships with international companies and countries like Japan to export liquefied natural gas.
New base energy news issue 951 dated 20 november 2016Khaled Al Awadi
- Kuwait will offer 120 new fuel stations over the next 7 years as it works to secure 15% of its energy from renewable sources by 2030. Around 19 stations have already been offered and 15 more will soon follow.
- Malaysia's Petronas will decide whether to proceed with a proposed $27 billion LNG plant in Canada by April after reassessing project costs. The project could produce 19.2 million tons of LNG per year.
- Natural gas storage in the US reached a new record high of 4,017 billion cubic feet as of November 4th due to relatively high inventories throughout the year and a warmer-than-usual winter last year.
Eastern Macedonia and Thrace Institute of Technology
Dept. of Petroleum and Natural Gas Engineering
MSc in Oil & Gas Technology
“Oil Trading”
“Cyprus: An update on gas exploration and reserves”
Supervisor: N. Kontinakis
January 2014
Scandinavia Oil-Gas Magazine May 2011 paperD.K. Das
This document discusses the potential for LNG exports from the United States to Japan. It notes that Japan is the world's largest LNG importer and will likely increase imports following the Fukushima disaster. The US has large natural gas reserves and proposed LNG export terminals on the Gulf Coast that could supply Japan. An analysis of delivery costs suggests US LNG delivered to Japan could be competitive at $7.17/MMBtu compared to other suppliers. However, risks include regulatory hurdles, potential oversupply from other exporters, and environmental concerns around fracking. If these challenges can be addressed, US LNG exports have the potential to supply growing Asian demand.
Albpetrol is a state-owned company in Albania that produces and trades oil and gas and holds licenses for transportation and distribution of natural gas. The chairman presented on Albpetrol's assets, capital, employees, income and profit. Production of oil in Albania from 1929-2014 was shown. Albpetrol has partnerships with international oil companies for 16 oil fields under production sharing agreements. The privatization process for Albpetrol was started in 2015 and will not include management of exploration blocks or the transportation license.
With the beginning of the millennium,
Most of the world countries started to turn
toward the natural gas as an alternative
energy resource instead of crude oil and
harmless resource for the environment.
Global conflict signs started to shape
because of the countries’ interests
encounter - specially, in the near and
middle east regions.
In this presentation, I will try to explain
these signs by dividing the related
countries to three categories:
1- Consuming Countries.
2- Producing Countries.
3- Transit Countries.
NewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi_compresse...Khaled Al Awadi
NewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docxNewBase 31 August 2023 Energy News issue - 1652 by Khaled Al Awadi.docx
This document discusses the feasibility of exporting liquefied natural gas (LNG) from the United States to Japan and South Korea. It finds that the U.S. has significant natural gas resources and production, especially from shale gas basins along the Gulf Coast near proposed LNG export terminals. The cost of delivering U.S. LNG to Asian markets is estimated to be around $7.17/MMBtu, which would provide producers a net margin given current Japanese import prices that are indexed to crude oil prices and average over $9/MMBtu. Exporting U.S. LNG could benefit the U.S. economy through jobs, wages, and investment in gas production and infrastructure.
Cyprus hydrocarbons - Energy security for the EU in the pipeline?Harris Samaras
The confirmation of significant quantities of hydrocarbons in Cyprus, (the Levantine Basin, the Nile Delta Cone, the Eratosthenes Continental Block and the Herodotus Basin) may prove to be a tremendous opportunity not only for the island but for the EU as a whole. The U.S. Geological Survey estimates that the aforementioned areas hold an estimated 13.8 trillion cubic meters (tcm) of natural gas. Also as per the BEICIP/FRANLAB and the Institut Français du Pétrole, the Cyprus Exclusive Economic Zone alone holds an estimated 3 tcm of natural gas.
Cyprus, an EU member country, a regional business and financial hub (and an established investment gateway to and from Russia) is firmly on its way to becoming an energy superpower and a guaranteed primary natural gas source and transit route to the EU, of the EU; a hub of reconciliation and regional stability!
Gazprom has lowered its forecast for natural gas export prices to non-CIS markets in 2015 due to continued low crude oil prices, on which Gazprom's export contracts are indexed. Gazprom's previous forecast of $242/Mcm has been reduced to $235-242/Mcm. Some analysts advocate shifting Gazprom's long-term contracts to hub-based pricing to avoid constant renegotiation due to oil price volatility. With oil prices expected to remain low, Gazprom may face more calls to change its oil-indexation formula.
RasGas Company Limited signed a three-year agreement to supply liquefied natural gas (LNG) from Qatar to E.ON's Isle of Grain terminal in the UK. The contract has the potential to supply up to two billion cubic meters of LNG over its term. E.ON regards Qatar as a priority country in expanding its global LNG business. Qatar currently supplies LNG to 26 of the 29 importing countries and accounts for 33% of global LNG supply. Global LNG demand is expected to double in the next 10 years but new supply projects face challenges that could delay or cancel some projects, keeping the LNG market tight.
The effect of TAP pipeline for the Balkans, Turkey and Italian gas marketsARERA
The TAP pipeline will connect Caspian gas supplies to multiple European gas markets. It will connect Italy to Southeast European gas markets, allowing gas to flow both north and south. This will promote price convergence across the region. TAP can also supply gas to Bulgaria, Turkey, and beyond via interconnectors. The pipeline will increase supply security and diversification for receiving countries while opening new markets for Caspian gas producers.
The document discusses natural gas supplies and infrastructure in Europe. It notes that while Europe has significant regasification capacity for liquefied natural gas (LNG), much of this capacity remains unused. It also notes that Russia currently supplies a large amount of the gas used in Europe. There is potential to diversify supplies through increased use of LNG terminals and infrastructure investments, but this would require large capital expenditures. The document also discusses Poland's shale gas resources and efforts to develop regulations to increase hydrocarbon extraction.
Petrofac wins a $1 billion contract in Oman for the Rabab Harweel Integrated Project. This is Petrofac's second major contract in Oman within two months and supports their strategy in the Middle East region. Oman is increasing oil and gas spending and production through projects like this one. Countries in the region are also developing "sour gas" fields containing high sulfur levels to meet rising energy demands.
Russia and Europe: in Useless Search of Diversificationenergystate
The document discusses issues surrounding Europe's energy security and dependence on fossil fuels. It notes that easily accessible oil and gas reserves have been depleted, leaving more difficult reserves that have higher political risks. Economic crisis may temporarily lower oil prices but could exacerbate long-term energy shortages by reducing investment in new projects. Alternative energy sources still have significant limitations, and diversifying gas suppliers away from Russia poses major challenges. The document argues that fully replacing fossil fuels is not possible and Europe will continue to rely heavily on gas imports, including from Russia.
One of my last article about Global LNG Industry which was used as PR material for FSRU Asia Summit 2016, http://www.fsrusummit.com/ The original article can be read in this link https://energyroutes.eu/2016/05/08/global-lng-market-trends-and-future-outlook/
The document discusses Egypt's strategy to optimize the value of its petroleum resources by focusing on natural gas development and deepwater exploration. Egypt has significant natural gas reserves, with an estimated 72.3 trillion cubic feet currently and potential reserves of up to 120 tcf. Much of Egypt's natural gas lies in the deep waters of the Mediterranean. Egypt's long term strategy includes expanding petrochemical, LPG, and LNG capacity to increase the value derived from natural gas reserves and capitalize on export markets. Developing deepwater reserves and adding value to natural gas through downstream projects are key goals for Egypt's petroleum future.
NewBase July 30-2022 Energy News issue - 1533 by Khaled Al Awadi.pdfKhaled Al Awadi
NewBase July 30-2022 Energy News issue - 1533 by Khaled Al AwadiNewBase July 30-2022 Energy News issue - 1533 by Khaled Al AwadiNewBase July 30-2022 Energy News issue - 1533 by Khaled Al AwadiNewBase July 30-2022 Energy News issue - 1533 by Khaled Al AwadiNewBase July 30-2022 Energy News issue - 1533 by Khaled Al AwadiNewBase July 30-2022 Energy News issue - 1533 by Khaled Al AwadiNewBase July 30-2022 Energy News issue - 1533 by Khaled Al Awadi
The document discusses shale and tight gas development in the MENA region. It outlines that North Africa, including Libya, Algeria, and Egypt, has significant shale gas resources and some countries are beginning to develop these resources through hydraulic fracturing. It also discusses shale and tight gas activity ongoing in the Middle East, particularly in Oman, Saudi Arabia, and the UAE. Overall the document analyzes the scale of unconventional gas resources in MENA countries and progress being made in developing these resources to meet growing domestic demand and sustain gas exports.
New base energy news issue 853 dated 18 may 2016Khaled Al Awadi
Greetings,
Attached FYI ( NewBase Special 18 May 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE: ENEC approves formation of Nawah energy company
• Greece and partners sign off Trans-Adriatic Pipeline to widen gas supply
• India Gropes its Way towards Market Prices
• Canada: Alberta wildfire destroys oil sands work camp as thousands of staff evacuated
• US: EIA’s Annual Energy Outlook is a projection, not a prediction
• Oil prices remain near 2016 highs on global supply disruptions
• Is Saudi Arabia calling the market's bluff over oil?
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
This document is a statement of originality for a research paper submitted by Zaid Mahayni for their LL.M program. The research paper is titled "What are the Challenges Facing Middle East LNG Exports?" and is 4,931 words long. The statement includes Mahayni's name, student ID, program of study, paper title, abstract, word count, and date. Mahayni signs to affirm they have read and understood the university's plagiarism policy and are aware of the consequences of breaching that policy.
This document provides an overview and highlights from the 2021 IGU World LNG Report. It summarizes that global LNG trade increased slightly in 2020 despite COVID-19 impacts. Asia Pacific and Asia accounted for over 70% of global LNG imports. LNG spot prices were volatile in 2020. While liquefaction capacity increased by 20 MTPA in the US, several other projects faced delays due to the pandemic. The LNG shipping and regasification industries also continued expanding in 2020.
NewBase 29 December 2023 Energy News issue - 1685 by Khaled Al Awadi_compre...Khaled Al Awadi
Greetings,
Hawk Energy is pleased to share with you its latest energy ,
NewBase 29 December 2023 Energy News issue - 1685 by Khaled Al Awadi
please see attached file for details.
Regards
FOunder & Senior Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member 1990 to 2021
ASME member since 1995
Hawk Energy member since 2010
Greetings,
Hawk Energy is pleased to share with you its latest energy ,
NewBase 29 December 2023 Energy News issue - 1685 by Khaled Al Awadi
please see attached file for details.
Regards
FOunder & Senior Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member 1990 to 2021
ASME member since 1995
Hawk Energy member since 2010
Greetings,
Hawk Energy is pleased to share with you its latest energy ,
NewBase 29 December 2023 Energy News issue - 1685 by Khaled Al Awadi
please see attached file for details.
Regards
FOunder & Senior Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member 1990 to 2021
ASME member since 1995
Hawk Energy member since 2010
Greetings,
Hawk Energy is pleased to share with you its latest energy ,
NewBase 29 December 2023 Energy News issue - 1685 by Khaled Al Awadi
please see attached file for details.
Regards
FOunder & Senior Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member 1990 to 2021
ASME member since 1995
Hawk Energy member since 2010
Greetings,
Hawk Energy is pleased to share with you its latest energy ,
NewBase 29 December 2023 Energy News issue - 1685 by Khaled Al Awadi
please see attached file for details.
Regards
FOunder & Senior Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member 1990 to 2021
ASME member since 1995
Hawk Energy member since 2010
Greetings,
Hawk Energy is pleased to share with you its latest energy ,
NewBase 29 December 2023 Energy News issue - 1685 by Khaled Al Awadi
please see attached file for details.
Regards
FOunder & Senior Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member 1990 to 2021
ASME member since 1995
Hawk Energy member since 2010
NewBase 29 December 2023 Energy News issue - 1685 by Khaled Al Awadi_compre...
cpe.Global Oil&Gas.Athens.230915
1. Dr. CHARLES ELLINAS
CEO e-CNHC
Overview of the East Med Landscape
Cyprus & The Region
Global Oil&Gas
Black Sea and Mediterranean
Athens
23-24 September, 2015
1
2. Contents
• East Med Overview
• The advent of Zhor
• Implications for Egypt
• Implications for the Region
• Challenges for Cyprus
• Cooperation between Cyprus and Israel
• Messages from Europe
• Looking the future
3. East Med Overview
¨ The discovery of Zhor by ENI has given Egypt a massive boost but
has turned East Med plans and thinking upside down
¨ In the meanwhile Israel is hoping to overcome its regulatory
problems soon and reconsider development of Leviathan in the light
of Zhor
¨ Lebanon is still at a standstill with no sign of moving forward yet
¨ Finally, in Cyprus the negotiations between Greek and Turkish
Cypriots are progressing well, with increasing hopes that over the
next few months we will have an agreed solution
¨ In this context, any delays in the development of the Aphrodite gas
field and resumption of exploration drilling are perhaps a blessing in
disguise as these take a bone of contention out of the limelight
4. The advent of Zhor
¨ ENI announced the discovery of the Zhor gas field in Egypt at the end
of August. If they knew about this earlier they kept it to themselves,
which allowed them to negotiate a good gas price deal with Egypt two
months earlier, in the range $3.95-$5.88 per mmBTU
¨ Zhor is located in the Shorouk block about 190km offshore and close
to the EEZ dividing line between Cyprus and Egypt. It is in 1450m of
water and the reservoir extends over an area of about 100 sq.km. Initial
estimates put it at 850 bcm lean gas, but ENI has indicated that more
gas lies beneath this reservoir which may extend quantities to 1.1 tcm
¨ Once confirmed, this could increase Egypt’s proven gas reserves by
over 50%
¨ ENI intends to start appraisal drilling in January and understandably
has placed development of Zhor on a fast track basis. First gas is
expected in 2019, with full development by 2020.
6. Implications for Egypt
¨ This is a massive boost for Egypt’s economy and has the potential to
completely reverse its current energy status quo.
¨ But this is no accident or merely lack. It’s the outcome of Egypt’s new
energy policies. They embarked last year on a programme to repay the
enormous debt to the IOCs and expect to complete it by next year
¨ In parallel, they renegotiated gas prices from $2.65 per mmBTU to
prices in the range $3-$6 per mmBTU and implemented a plan to
encourage exploration and become self-sufficient in energy by 2020
¨ These measures reversed the state of paralysis caused by earlier
misguided policies which turned Egypt from an exporter to an importer
of LNG, despite their abundant oil and gas resources
¨ Egypt now imports about 6 mtpa LNG at a cost close to $20 billion.
Once it comes on line, Zhor will reduce this by 60%. Hence the fast
track development
7. Implications for Egypt
¨ In addition to Zhor, ENI discovered recently another smaller gas field
and BP has embarked on a $12 billion project centred around
development of the North Alexandria gas field which holds over 150
bcm. Dana and Shell are also committed to more exploration
¨ ENI has already announced an ambitious plan to turn Egypt into a
regional energy hub to supply Europe and beyond. This could include
gas from Israel and Cyprus
¨ But this should be viewed with caution. There are many challenges to
be faced. Cypriot and Israeli gas will cost between $6-$7 per mmBTU to
land in Egypt. By the time liquefaction, transportation, regasification
and profits are added to this costs may exceed $12 per mmBTU.
¨ This cannot compete with LNG prices in Europe and Gazprom’s current
prices of about $6.2 per mmBTU, except at a loss. And then there are
serious security risks
8. Implications for the Region
¨ Nevertheless ENI will proceed with development of Zhor and it may
have enough gas not only to supply Egypt all the additional gas it
needs for its domestic needs, and replace LNG imports, but also to
supply gas to the two idle LNG plants at Damietta and Idku, with LNG
exports to resume by 2020 0r 2021
¨ This makes Egypt self-contained, but it leaves Israel and Cyprus with
the problem of having to rethink their export plans. These centred
around selling their gas to Damietta and Idku, but as we saw earlier
this was always commercially difficult. The discovery of Zhor will
probably put an end to these. In the meanwhile negotiations continue
¨ On the positive side, the discovery of Zhor reconfirms that the East
Med is prolific in gas and could spur new interest in the region
¨ It is an opportunity for Cyprus and Israel to refocus their attention
and start thinking seriously about new licensing rounds and more
exploration to coincide with oil price recovery.
9. Egyptian domestic gas supply
by WoodMackenzie
Zhor will add 15 bcm
by 2022, but can produce
30, leaving 15 bcm for LNG
LNG imports will stop by 2020
10. Challenges for Cyprus
¨ In January Total declared that it could not locate any targets to drill in
Blocks 10 and 11 and in March it signed an agreement extending its
presence in Cyprus by one year to conduct geological and geo-
chemical surveys, but no drilling, in and around Block 11. It is hoped
that they will announce results in October
¨ In March, following drilling two unsuccessful wells in Block 9, Eni-
Kogas submitted a request to proceed with the re-evaluation of the
geological model over a two-year period and postpone drilling in the
meanwhile. This has been approved by the government
¨ Noble and its partners are not carrying out any further drilling in
Block 12 for the foreseeable future
¨ As a result, all exploratory drilling in Cyprus’ EEZ has stopped and
plans for future drilling will be delayed, possibly for two years
11. Cyprus – new licensing round
¨ The negative results from ENI and Total were a setback for Cyprus
and its ambitions, but we now need to take advantage of the
discovery of Zhor
¨ Cyprus needs to start preparing the ground for a new licensing round
by end of 2016 early 2017
¨ This should coincide with, hopefully, the successful completion of
the Cyprob negotiations and the much expected recovery in oil prices
¨ Zhor has opened up new hydrocarbon provinces, Eratosthenes and
Herodotus
¨ There are challenges though. Turkey is disputing much of this area.
Hopefully a successful resolution of Cyprob will also help resolve
this dispute
13. Export options for Aphrodite
¨ Development of Aphrodite requires long term, firm, gas sales
agreements for most of its 125 bcm gas. Without these finance of the
project will be difficult.
¨ As we saw earlier gas sales to Egypt face challenges
¨ In the short term another option that could be considered is marine
CNG
¨ With southeast and central Europe still looking to diversify their gas
imports away from Russia, they offer a good market opportunity
which is within the commercially viable range of CNG ships
¨ If adopted, it could also supply Cyprus with gas for power generation.
Cyprus has the most expensive electricity in EU as it burns heavy fuel
oil. Similarly CNG could facilitate supply of gas to the Greek islands
¨ FLNG would be a longer term option, but capital intensive
14. Cooperation between Israel and Cyprus
¨ The potential loss of the Egyptian market also affects Israel. With its
loss, Cyprus and Israel have two markets left: Europe and Asia
¨ Assuming that the still lingering regulatory problems revolving around
the anti-trust issue with Noble and Delek are resolved in the near
future, Israel would need to reconsider its export options, which are
even more limited than for Cyprus
¨ At the forefront are exports to Turkey and Europe through a pipeline
through Cyprus’ EEZ, possibly linking with the Southern Gas Corridor
¨ A pre-requisite to this is solution of the Cyprob, which looks
increasingly likely
¨ It should then not be surprising that the new Israeli government and
Turkey are currently looking for a way out of their geo-political
problems. But this would require an acceptable formula to resolve the
siege of Gaza, a red line for Erdogan
15. Cooperation between Israel and Cyprus
¨ Resolution of Cyprob and the Turkey-Israel impasse would open the
way for such a pipeline
¨ It would also open the way for Cyprus to join such a project and thus
enable development of Aphrodite
¨ But the odds for this to happen are challenging and timing is an issue
¨ Another, longer term, option is to bring back to the table the LNG plant
at Vasilikos. With the combined Cypriot and Israeli gas this would be
viable, at least in term of quantities
¨ Such an option would take time to implement and by the time decisions
are taken and a plant is build it will be 2022-2024. By then based on
analyst projections LNG demand could outstrip supplies and lead to
higher LNG prices, thus making such a project potentially viable
¨ Whichever option is followed, it will require cooperation between Israel
and Cyprus, and possibly Turkey
16. Views from Europe
¨ I spent last week as part of a regional delegation and had high level
meetings with key German Ministries in Berlin and Directorates of the
European Commission in Brussels
¨ It was an eye-opener in terms of views about the East Med and gas
supplies to Europe.
¨ East Med gas is not a priority for Europe
¨ Europe wants to diversify supplies and avoid excessive dependence
on Russian gas, but not at any cost.
¨ In this context it fully supports the Southern Gas Corridor project
¨ The European position is that the energy sector should be regulated
by markets. State governments and the EU have no role in building
infrastructure, gas trading or producing and delivering energy – they
regulate. These must be driven by industry.
17. Views from Europe
¨ The major factors are gas prices and timing. Gas markets are
changing rapidly.
¨ East Med gas will have to compete with cheap gas at least to the end
of this decade if it is to gain an entry into Europe. In the end when it
comes to gas sales commercial realities prevail, not politics.
¨ Europe is interested in the East Med region, but mostly in terms of
ensuring its security and stability, and for political and economic
reasons
¨ The possibility of a gas pipeline through Cyprus EEZ to Turkey,
provided the Cyprus problem is resolved, to transport Israeli and
Cypriot gas and feed the Southern Corridor is of interest and would
receive support
¨ But East Med must secure markets, gas sales, first and meet time-
schedules
18. Looking to the future
¨ The global energy and gas scene has been undergoing rapid changes
and future policies and development plans can become rapidly
outdated unless reviewed and updated regularly. This also applies to
East Med and Cyprus.
¨ In Cyprus we may have a two-year window of opportunity to develop a
long term strategic master plan and organize future coordinated and
pro-active development of this sector.
¨ Solution of Cyprob will open up new opportunities, but also new
challenges and changes, to which we will need to adapt rapidly, once
the oil & gas sector comes under a Federal government