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

Libyan offshore progresses as NOC mulls payment in kind

Libya's NOC expects to substitute cash investments in the Bahr Essalam project with hydrocarbon payments to partner Eni to keep the project on track.

21 October 2015
Global Markets

Third GECF summit set for November

The Gas Exporting Countries Forum (GECF) will hold its third summit meeting in Tehran on 23 November.

19 October 2015
Pipelines, Storage & Power

Turkey incentivising storage construction

Turkey will offer up to $10 billion to incentivise the construction of gas storage facilities near the provinces of Mersin and Hatay.

16 October 2015
Supply & Demand

Kuwait may import gas from Iran

Kuwait may import gas from Iran, according to Kuwait Oil Co.’s Chief Executive Nizar al-Adsani.

15 October 2015
LNG

Nepco signs two-year LNG supply deal with Shell

Jordan’s National Electric Power Co. has agreed a two-year LNG supply contract with Shell, with deliveries slated to start in early 2016.

15 October 2015
Exploration & Production

Israel fusses over domestic players but forgets IOCs

Israel is easing its requirements on gas explorers, but while this may help smaller domestic companies to work together, the country is still struggling to attract IOCs.

14 October 2015
LNG

Kuwait agrees LNG terminal construction contracts

Kuwait National Petroleum Co. has agreed $13.2 billion in contracts with international companies to build a refinery and LNG terminal.

14 October 2015
Global Markets

Iran’s parliament approves nuclear deal

Iran’s parliament has approved a deal with the P5+1 countries on its nuclear programme, which means sanctions on the country can be lifted.

14 October 2015
LNG

EGAS selects LNG suppliers

Egyptian Natural Gas Holding Co. has selected seven companies to deliver 55 LNG cargoes to Egypt, according to media reports.

13 October 2015
Policy & Regulation

Oman to reduce fuel subsidies

Oman will gradually reduce its fuel subsidies from next year, according to a report in Gulf News.

9 October 2015
An Eni terminal in the Mediterranean. The company is trying to fast-track the Zohr field’s development. (PA) Exploration & Production

Analysts positive on Eni’s Zohr development

Eni is attempting to fast-track development of its huge Mediterranean Zohr field discovery, and experts say the company has enough muscle to make it happen.

9 October 2015
A gas refinery in Iran. Armenia is trying to double the amount of Iranian gas it imports. (PA) Global Markets

Energy barters – best for Iran?

Offering gas in return for electricity could be the ideal way for Iran to secure a reliable supply of power from its neighbours.

9 October 2015
Supply & Demand

Turkey does not need Russian gas – Erdogan

Turkey does not need Russia to supply gas or build its nuclear power facility, according to Turkish President Tayyip Erdogan.

8 October 2015
Supply & Demand

UAE’s Shah project reaches full capacity

The United Arab Emirates’ Shah gas project has reached its full production capacity.

7 October 2015
Global Markets

Armenia and Iran strengthen gas ties

Armenia and Iran are negotiating the expansion of their gas and power trading relationship.

7 October 2015
Exploration & Production

Egypt awards four offshore licences

Egypt has awarded four offshore oil and gas exploration licences off the Mediterranean coast.

7 October 2015
Alternative Fuels

National Iranian Gas Co. affiliates produce 1.34 mt of LPG

Gas refining companies affiliated with the National Iranian Gas Co. produced more than 1.34 mt of LPG in the six months to 22 September.

6 October 2015
Exploration & Production

Broader gas development recommended for Iran

A member of the Iranian parliament’s development commission has said the country should focus on developing border gas fields, according to local media reports.

6 October 2015
Pipelines, Storage & Power

Abu Dhabi’s nuclear bet risks power squeeze

Although Abu Dhabi’s first nuclear power plant is proceeding according to schedule, any delay could leave the emirate facing a supply shortage.

6 October 2015
Once complete, the Iran LNG project will be the country’s preferred point of export. (Iran LNG Co.) Supply & Demand

Iran targeting European market with LNG, not piped gas

Iranian officials are busy planning a gas export strategy, although LNG is the favoured option the country’s deputy oil minister told Interfax

5 October 2015

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