The East Mediterranean region is home to some of the world’s most promising gas reserves. But, as energy consultant Gina Cohen explains, developing them is proving highly challenging for the main players in the sector
Natural gas; methane. Gas. The pressure and high temperatures in the deep underground gas reservoir means that some low boiling point hydrocarbon compounds (which would be liquids at normal temperatures and pressures above the ground) become gases under the ground. These ‘gasified liquids’ form a part of the flow of gas when it is piped …
This involves identifying the parts of the plant that are constraining production and removing the constraint. It might involve increasing the size of some of the pipework, increase the power of the compressors and/or increasing the capacity of the gas treatment units. The modifications will vary from plant to plant and will be specific to …
The price of LNG was usually linked to the crude price (either international crude prices or specific crude import prices such as to Japan with 3-6 months’ lag. This does not mean a crude oil price equivalent, but rather what is known as the slope. Namely, the extent to which the LNG price changes in …
New rules that come into force in ECAs at the start of 2015. The International Maritime Organisation has set a sulphur limit of 0.1% in marine fuels in ECA regions. This requires tanker owners to choose between converting their fleet to using LNG, to switching to expensive distillate fuels, or buying scrubbing technology to clean …
A derivative security that gives the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame
Israel is examining its policies and options for exporting natural gas in light of the vast gas discoveries made offshore Israel in 2009 [the Tamar field, with 11 trillion cubic feet (Tcf) of reserves] and in 2010 (the Leviathan field, with 20 Tcf), as well as the smaller Tanin field (1.1 Tcf) in 2011 and the Karish field (1.8 Tcf) in 2013. In June 2013, the government of Israel sanctioned the export of 40% of these proven reserves.
EU Member States were obliged by regulation (EU No 994/2010 of the European Parliament and of the Council of 20th October 2010 concerning measures to safeguard security of gas supply) to analyze their gas system and to carry out a stress test: every member state must analyze the consequences of a disruption of the single …
Continue reading “Security of gas supply; EU Security of gas supply; N – 1 Test”
the smallest price movement that corrects the last minor trend and lasts only a few days.
The intersection of the plane of low water with the shore. The line along a coast, or beach, to which the sea recedes at low water. It is normal practice for the low water line to be shown as an identifiable feature on nautical charts unless the scale is too small to distinguish it from …
Continue reading “Low water mark; Low water mark along the coast”
