Category: Oil and Gas business

BG’s term for that section of the energy market which does not require a high quality fuel

Such as the benchmark refining margin for the Ural crude margin in the Mediterranean Basin as reported by Reuters

Ship capable of carrying different types of cargo, thereby achieving a more uniform flow of shipments. Typically termed OBO, an abbreviation for oil, bulk, ore, which means that the vessel is designed for cargoes of these and other bulk products.

Algeria sells two thirds of its gas to Europe via either the Trans-Mediterranean (Transmed) pipeline which was completed in 1983 and has a capacity of 24 bcm/y through which Algeria supplies Italy or through the 8.5 bcm/y Maghreb-Europe Gas Pipeline (MEG) which was completed in 1996 and through which Algeria supplies Spain. A third pipeline, the Medgaz pipeline with a initial capacity of 4 bcm/y to be increased to 16 bcm/y to link Algeria to Spain and France is under construction. Most of the gas that is sold from Algeria to Europe is linked to crude oil prices