Global Oil & Gas: Saudi Arabia OPEC Manipulation Behind Qatar’s Sudden Exit

Global Oil & Gas: Saudi Arabia OPEC Manipulation Behind Qatar’s Sudden Exit

Qatar announced its withdrawal from OPEC on Monday, after nearly six decades inside the group. The Qatari government said it was for “technical” reasons; mainly to focus on natural gas production. But a member of the ruling family also criticized OPEC, which seemed to undercut the official reason for the country’s exit. “The withdrawal of Qatar from OPEC is a wise decision, as this organization has become useless and does not bring us anything,” said former prime…

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Markets: The Next Wave of Global LNG Investment Is Coming

Markets: The Next Wave of Global LNG Investment Is Coming

With an annual growth of 10% in 2017 to 290 million tons (Mt)[1] and 8.3% in the first half of 2018,​[2] Liquified Natural Gas (LNG) demand is rising faster than expected. Accounting for 44% of global demand growth in 2017, China is the main driver of the growth as the government has made natural gas a key policy choice to reduce air pollution and restructure its high-carbon energy mix. 

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Mozambique Oil & Gas: “LNG glut smaller than predicted” – Report says

Research by Bloomberg has found that the global oversupply of liquefied natural gas (LNG) will be one-third less than expected. A positive development for Mozambique, a country that is poised to become the world’s third-largest LNG exporter next after Qatar and Australia.

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Africa Oil & Gas: Qatar LNG expansion plans, a collateral damage to East African gas projects

Qatar plans for LNG capacity expansion could be bad news for projects in east Africa operated by Eni, Anadarko, Shell and Statoil that have yet to take final investment decisions (the Eni-led Coral floating LNG project offshore Mozambique announced its FID on June 1 – BP is the venture’s off-taker). However, such pending projects could be saved if an Asian buyer saw them as a way of weakening Qatar or simply of diversifying away from Qatar.

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Analyse: The feud between brothers, the GCC rift and implications for oil and gas markets

Earlier this week, Saudi Arabia, the UAE, Bahrain and Egypt cut diplomatic and economic ties with Qatar, accusing Qatar of supporting extremism. The measures are of unprecedented severity in modern GCC diplomacy with adverse consequences for Qatar, not least for its reputation as a business and international and regional transit hub and as host for international events, including the 2022 World Cup.

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Africa Oil & Gas: Is Mozambique Africa’s Qatar Of Natural Gas?

Mozambique had decided that its massive natural gas reserves would be the country’s ticket off of the world’s poorest countries shortlist – but mismanagement of domestic strife and wonky fiscal planning have put Maputo behind in becoming Africa’s Qatar.

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OILPRICE: If A Cut Is Going To Come It Won’t Be From OPEC

The latest OPEC Monthly Oil Market Report is just out. The data is “Crude Only” production and does not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. The charts do not include Indonesia. That will be added within the next few months when I am able to get better historical data for Indonesian crude only production.

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