Mapna has a dominant position in Iran’s power sector. (Mapna Group) Pipelines, Storage & Power

Iran’s power sector offers challenging pickings

As power demand growth slows in the Middle East, private developers are looking to Iran as a potential frontier market, but several hurdles stand in their path.

Global Markets

Iran nuclear deal paves way for IOCs

The lifting of sanctions on Iran, Israel’s new gas market framework and regional unrest were the main developments in the Middle East this year.

Exploration & Production

New South Pars phases almost complete

Iran expects to complete the construction of phases 15 and 16 of the South Pars gas development by the end of this week.

21 December 2015
Netanyahu at a weekly Cabinet meeting in November. The Israeli PM has bypassed the Antitrust Authority. (PA) Policy & Regulation

Israeli gas deal heralds new dawn for upstream players

Israel has finally signed its gas framework into law after a year of delays, to the relief of upstream developers Delek Group and Noble Energy.

18 December 2015
A gas refinery in Iran. The country’s gas-to-power system is less efficient than in other countries. (PA) Pipelines, Storage & Power

From megawatts to ‘nega-watts’ in Iran

Iran needs to improve its lacklustre energy efficiency to free up more gas for exports once sanctions are lifted.

18 December 2015
Policy & Regulation

Israel's gas framework signed into law

Israeli Prime Minister Benjamin Netanyahu has signed Israel’s long-delayed gas framework, opening the way for development to begin on major projects such as Leviathan.

17 December 2015
Exploration & Production

Qatar’s Barzan project to start up next year

Qatar plans to start operations at its Barzan gas project in 2016 and ramp up to capacity in 2017, local news has reported.

17 December 2015
The Höegh Gallant FSRU, which is moored at Ain Sokhna. Egypt is to charter a third regas vessel. (Höegh) LNG

Egypt begins Ain Sokhna LNG expansion

Egypt is building an energy hub on the Red Sea to satisfy the country’s huge demand for gas and solve its supply security problems.

17 December 2015
LNG

Bahrain signs LNG deal ahead of supply talks

A series of diplomatic spats with its neighbours has pushed Bahrain towards importing LNG to secure its energy needs.

16 December 2015
LNG

Iran to build Persian Gulf FLNG

Iran has reached a final agreement with a French company to build a 1 mtpa FLNG facility in the Persian Gulf, Roknodin Javadi has claimed.

14 December 2015
Exploration & Production

Leviathan partners make contingency plan

The partners in the development of Israel’s Leviathan gas field are creating contingency plans in case plans to export gas to Egypt fall through.

14 December 2015
Pipelines, Storage & Power

Egypt to reduce reliance on gas-to-power

Egyptian Petroleum Minister Tarek el-Molla has said the country is planning to reduce its use of gas in the power sector

11 December 2015
Supply & Demand

Iran’s neighbours prepare for end of sanctions

The GCC states are getting ready for the opportunities and challenges that will arise once the sanctions against Iran are lifted.

10 December 2015
East Mediterranean pipeline connections. Policy & Regulation

Israel could use ICC arbitration ruling as leverage

Egypt could be forced to import Israeli gas if Israel makes use of an international court order for Cairo to pay its neighbour nearly $2 billion.

9 December 2015
Pipelines, Storage & Power

Kuwait to launch gas power and desal plant in Q4 2016

Kuwait will launch its first gas-fired combined-cycle power and water desalination plant in Q4 2016.

8 December 2015
Exploration & Production

Iran agrees contract to develop Farzad B offshore gas field

Iran has agreed a $3 billion contract with a group of Indian companies to develop the Farzad B offshore gas field.

7 December 2015
Exploration & Production

EGAS to launch exploration tender in 2016

Egyptian Natural Gas Holding Co. will launch its next oil and gas exploration tender by the end of 2016.

7 December 2015
Exploration & Production

Bahrain to award Banagas expansion contracts

Bahrain plans to award contracts for the $600 million expansion of operations at the Bahrain National Gas Co.

7 December 2015
Supply & Demand

Egypt to appeal against IEC compensation

Egypt plans to appeal against an order to pay $1.76 billion in compensation to state-owned Israel Electric Corp. (IEC) for stopping gas supplies in 2012.

7 December 2015
Supply & Demand

OPEC fails to agree quota reduction

OPEC members failed to agree production quotas to reduce the global oversupply of of crude oil, which has lowered prices by more than 60% since June 2014.

7 December 2015
Exploration & Production

Kurdistan pivots towards gas development

Iraqi Kurdistan is taking a more flexible approach in a bid to bring its gas projects to fruition.

4 December 2015
LNG

Bahrain's Nogaholding awards FSRU contract

Bahrain’s Oil and Gas Authority has awarded the contract to build an FSRU in the Hidd industrial area to a consortium of Teekay LNG Partners, South Korea’s Samsung, and Gulf Investment Corp.

3 December 2015

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