Archive: Natural Gas Middle East
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QIA plans investments
The Qatar Investment Authority (QIA) is set to invest $1 billion in a $3.2 billion capital raising by VTB, according…
Delek reports ’significant signs’ of gas at Israel’s Karish prospect
Delek Energy has reported “significant signs” of gas at the Alon C/366 licence, offshore Israel.
Exxon, KRG yet to confirm Turkish exploration deals
ExxonMobil will not confirm if it has reached a deal with state-owned Turkish Petroleum Corp. to jointly explore for oil and gas in six blocks in Iraqi Kurdistan.
Prequalification tender to supply LNG to Jordan closes
The prequalification tender to supply LNG to Jordan’s proposed 3.5 mtpa FSRU project in the Port of Aqaba closed on Thursday.
Lebanon to approach market for LNG supplies in early June
Lebanon expects to start negotiations with potential LNG providers in June for the supply of LNG into the country’s 3.5 mtpa FSRU, an adviser to the Lebanese energy minister told Interfax on Thursday.
Israel launches lone LNG cargo tender
Israel Electric Corp. has issued a tender for a lone delivery in the second half of summer to safeguard against…
Dubai receives first cargo of 2013
Dubai’s FSRU received its first cargo of its summer buying season on Tuesday when the Al Rekayyat arrived from Qatar…
Dhaka wants to extend Qatar Petroleum LNG MOU by two more years – official
The Bangladeshi government wants to extend a memorandum of understanding with Qatar to import 4 mtpa of LNG by two…
US shale revolution has eased oil-reliance fears – Aramco CEO
The chief executive of Saudi Aramco, Khalid al-Falih, has told the Financial Times the US shale revolution has helped ease…
Dana Gas reports $66 mln net profit
Dana Gas reported a net profit of $66 million in Q1 2013, an increase of 17% compared with the $56…
Ankara-Irbil deal may be publicly acknowledged
A secret deal for Turkish energy companies to take stakes in oil and gas fields in the Kurdistan Region of…
BOI cuts interest rates to counter Tamar impact
The Bank of Israel (BOI) has launched a foreign exchange purchase programme to counter the impact of gas production from the Tamar field on the Israeli economy.
Dana Gas closes sukuk refinancing
Dana Gas closed a restructuring of its $1 billion sukuk (Islamic bond) debt this week, with a new five-year maturity date which gives Dana ‘a lot of breathing room’ to focus on its next challenge of collecting overdue payments for gas produced in Iraqi Kurdistan and Egypt, according to Ghassan Chehayeb, director of credit research at Exotix.
Cyprus appoints new DEFA head, proceeds with LNG bid evaluation
The Cypriot Council of Ministers has appointed Eleni Vassiliadou as the new executive chairman of the Natural Gas Public Company (DEFA) one month after the company’s former head, Costas Ioannou, was sacked on charges of serious misconduct.
‘Bright future’ for Dana following sukuk restructuring
Shares in Dana Gas jumped by 3.5% on Thursday on the Abu Dhabi bourse following the announcement the Sharjah-based company has completed the refinancing of its $1 billion sukuk.