Peter Stevenson
Journalist at MEES - Weekly Oil & Gas News Analysis
East Med journalist @ MEES (Middle East Economic Survey). Unapologetic Liverpool fan (also Seattle Seahawks). Views are my own.
Articles
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2 weeks ago |
mees.com | Peter Stevenson
As Egypt’s gas output continues to dwindle, the country is becoming increasingly dependent on gas imports to ensure continued supplies to power plants and petrochemicals facilities, with the era of net-LNG exports firmly ending. Already reliant on around 1bn cfd of pipeline gas imports from Israel, Egypt imported 1.1mn tons of LNG in the low-demand Q1 period according to Kpler, putting it well on course to smash last year’s seven-year high 2.5mn tons.
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2 weeks ago |
mees.com | Peter Stevenson
*Egypt has been left comparatively unscathed by US President Donald Trump’s new tariffs, for now. A 10% tariff on imports from Egypt is relatively mild compared to many fellow Mena countries with Syria facing a 41% tariff, Iraq a 39% tariff and Libya a 31% tariff.
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2 weeks ago |
mees.com | Peter Stevenson
Italian firm Eni, the operator of Egypt’s flagship 1.5bn cfd Zohr has revised up the gas field’s original 1P reserve estimate by 125bcf from 9.71tcf at the end of 2023 to 9.84tcf at the end of last year according to MEES calculations.
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2 weeks ago |
mees.com | Peter Stevenson
US major ExxonMobil’s highly prospective Elektra well on Cyprus’ Block 5 has failed to discover commercial quantities of gas, MEES learns. Drilling encountered an active petroleum system, but the reservoir didn’t hold significant volumes of gas, a source involved in the drilling operations tells MEES. An official statement from Nicosia will be made next week. Neither Exxon nor the Cyprus Ministry of Energy responded to a request for comment.
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2 weeks ago |
rb.gy | Peter Stevenson
US major ExxonMobil’s highly prospective Elektra well on Cyprus’ Block 5 has failed to discover commercial quantities of gas, MEES learns. Drilling encountered an active petroleum system, but the reservoir didn’t hold significant volumes of gas, a source involved in the drilling operations tells MEES. An official statement from Nicosia will be made next week. Neither Exxon nor the Cyprus Ministry of Energy responded to a request for comment.
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No gaping holes in the #LFC squad ahead of the new season. For sure new faces can help lift others but the opposite is true if the wrong personnel comes in. If Zubimendi didn't 100% want to sign for us then he was never the right guy
RT @sifrmag: تزيد الضغوط على البلدان المصدّرة أو المعتمدة على الغاز في شرق البحر الأبيض المتوسط تبعاً لتطوّر مجريات الحرب، ومع تأدية شيفرون…
My latest piece for MEES
Cyprus has rejected Chevron's modifications to the Aphrodite gas field development plan, giving the US major and its partners at the country's first ever discovery an ultimatum to launch FEED within 6 months. Read more in this week's MEES https://t.co/g9XsYT0wVr https://t.co/9zEtCMfDVD
