Middle East
Future Looks Bright for LNG in Post-COVID-19 Era
The onset of COVID-19 caused a decline in gas demand of around 4% with a similar decline in the LNG trade. Most forecasts expect gas demand to recover in 2021 to pre-pandemic levels. But what happens thereafter?
Projects
Open Grid Europe Looks to Operate Gas Pipeline in March Source: Zeelink Open Grid Europe is testing the recently completed $705 million (600 million euro) Zeelink gas pipeline with plans to make it operational, possibly as early as March 2021. The 134..
Global News
Missile Attack on Saudi Distribution Plant Has Little Impact Iran-aligned Houthi forces fired a missile that struck Aramco’s North Jeddah Bulk Plant, authorities said, but Saudi Aramco said its domestic fuel supplies were not affected. Abdullah al-Ghamdi, manager of the North Jeddah plant, sa..
China’s Tarim Registers 30-mtpa Oil Equivalent Output for 2020
The Tarim Oilfield of China National Petroleum Corporation (CNPC), China’s leading oil and gas producer, saw its 2020 output surpass 30 million tonnes of oil equivalent.
Explosion Hits Gas Pipeline in Egypt’s Sinai, No Casualties
An explosion at a key natural gas pipeline in Egypt’‘s restive northern Sinai Peninsula caused a fire but no human casualties, a senior official said. He added the explosion will not affect the pipeline’‘s supply to el-Arish’s residential areas or an industrial zone in central Sinai.
Azerbaijan Starts Gas Exports to Russia-Dominated European Market
Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said , beginning its push into the lucrative energy market dominated by Russia.
Natixis Sees Deals from Gulf States Monetizing Oil Assets
Natixis expects oil-rich Gulf states to accelerate privatizations, including by extracting revenue from oil assets, with Saudi Arabia and possibly Oman as likely candidates for similar deals next year, the French bank’s regional head said.
Explosion Hits Gas Pipeline in Egypt’s Sinai
An explosion at a key natural gas pipeline in Egypt’s restive northern Sinai Peninsula caused a fire but no human casualties, a senior official told the Associated Press.
Abu Dhabi Pipeline Sale May Signal Gulf States Trend
Bankers expect oil-rich Gulf states to accelerate privatizations like Abu Dhabi's pipeline deal, with Saudi Arabia and possibly Oman as likely candidates for asset sales next year.
Iran Mostly Contains Fire after Landslide Hits Oil Pipeline
Firefighters have contained most of a blaze that broke out after a pipeline carrying crude oil to Iran’s second-largest refinery ruptured due to a landslide, the head of the state company in charge of oil pipelines said.
Oil Tanker Ablaze after Terrorist Attack Off Saudi Arabia Coast
Saudi Arabia said an oil tanker anchored at a Jeddah terminal was hit by an explosive-laden boat in what it called a terrorist attack, after shipping firm Hafnia said one of its tankers was struck by an "external source".
Rocket Attack Causes Fire at Oil Refinery in Northern Iraq
A rocket attack in northern Iraq hit a fuel storage tank at the Siniya refinery in Salahuddin province, causing a large fire to break out and briefly halting operations, the country's Oil Ministry said.
Saudi Aramco: Domestic Supplies Unaffected by Missile Attack
Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen's Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after the event.
Yemen Rebels Claim attack on Saudi Oil Facility in Jiddah
Yemen's Houthi rebels said they struck a Saudi oil facility in the port city of Jiddah on Monday with a new cruise missile, just hours after the kingdom finished hosting its virtual Group of 20 leaders summit.
Islamic State Claims Responsibility for Sinai Pipeline Blast
A blast struck the Al Arish-Al Qantara natural gas pipeline in Egypt's Sinai Peninsula on Thursday, and Islamic state later claimed responsibility without giving evidence.
Blast Strikes Natural Gas Pipeline in North Sinai
A blast struck the Al Arish-Al Qantara natural gas pipeline in Egypt's Sinai Peninsula on Thursday, three witnesses told Reuters.
China Bullish on Myanmar’s Gas Reserves, Pipelines
After many years of brokering deals and planning, China has managed to cement its place as the sole buyer of Myanmar’s massive Shwe Gas reserves. A new trans-Burma corridor now aims to secure oil imports from the Middle East and Africa.
Global News
OPEC Predicts Oil Demand to Plateau in Late 2030s World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits. ..
Iran Says it Exports 700,000 bpd of Oil, Later Denies
An Iranian official said Tehran exported up to 700,000 bpd of oil since March, but an Iranian news agency later quoted him as casting doubt on the figure, which had been kept secret as the country fights U.S. sanctions.
Energy Leaders Leave Door Open to More Cuts as Virus Spikes
Saudi Arabia's energy minister said Monday that global energy producers have the ability to tweak an agreement on production cuts that could be extended through the end of 2022, signaling the anticipation of continued weakened demand for oil as the coronavirus pandemic peaks again in Europe and the United States
Gas Pipeline Blast in Southern Iraq Kills 3, Injures 51
At least three people were killed and more than 50 injured in a gas pipeline explosion near a militia camp in southern Iraq. Firefighters contained the fire after shutting down the gas line.
Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility
Oil storage firm Brooge Energy has begun preconstruction work on Phase III of its storage facility outside the Straight of Hormuz in the United Arab Emirates.
Israeli Pipeline Company Signs Deal to Bring UAE Oil to Europe
Israeli pipeline company EAPC has signed a preliminary deal to transport oil from the United Arab Emirates to Europe via a pipeline connecting the Red Sea city of Eilat to the Mediterranean port of Ashkelon.
Islamic State Tells Supporters to Target Westerners, Oil Pipelines
An Islamic State spokesman called on the militant group's supporters to target westerners, oil pipelines and economic infrastructure in Saudi Arabia.
ADNOC to Divest 20% Stake in Gas Pipeline Assets
ADNOC has announced a 20% sale of its gas pipeline assets to the Abu Dhabi Pension Fund and a regional holding company, ADQ.
Azerbaijan's SOCAR Says Oil and Gas Infrastructure is Safe
State-owned Azeri energy firm SOCAR said on Tuesday that the country's oil and gas infrastructure was safe from the current military conflict taking place in the Nagorno-Karabakh region.
U.S. Tightens Waiver for Iraq Gas Imports from Iran
The United States has extended a sanctions waiver that enables Iraq to continue importing gas from Iran but this time granting a significantly shorter waiver period, Iraqi officials and the U.S. State Department said Thursday.
UAE, Israel Discuss Pipelines, Infrastructure for Gas Exports to Europe
The energy ministers of the United Arab Emirates and Israel discussed possible cooperation and investment opportunities, including natural gas exports to Europe, in a video call on Wednesday, an Israeli statement said.
East Mediterranean States Formally Establish Egypt-Based Gas Forum
Six Mediterranean countries signed a charter on Tuesday to formally establish a group that seeks to boost natural gas exports from the region.
Pipeline Conference To Explore Germany’s Hydrogen Grid
Join the inaugural Pipeline Opportunities Conference – EMEA (POC-EMEA) from your home or office on September 17 and gain insight into the ongoing challenges operators and service companies face in the region.
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