Author: Rigs & Barge World
Saudi Arabia’s renewable power generation more than doubled to a record 11TWh last year as it brought online 3.7GW of new solar capacity. This left Saudi Arabia just 2.4TWh behind the region’s renewables leader, the UAE, last year and continued capacity growth means that it is set to jump ahead of its neighbor this year. The bulk of last year’s renewables growth came online towards the end of the year – the 2.66GW Shuaibah complex was connected to the grid in Q4 (MEES, 6 December 2024) – and the kingdom is on track to add another 6.16GW of capacity this…
Russia has expressed intent to supply Mexico with liquefied natural gas (LNG) and share energy technologies, said the Russian Embassy in Mexico. This step is expected to solve challenging geopolitical conditions and improving efficiency of oil processing. “We are already working with Mexico. We have excellent LNG technologies, and we are ready to share these technologies and supply LNG as well,” said Russian Energy Minister Sergei Tsivilev. Mexico currently depends on 72% of natural gas imports, mostly from the U.S, primarily for electricity generation and industrial uses, with the majority of natural gas deliveries being transported via pipelines. Meanwhile, Petróleos…
In a calculated move on the morning of 13 June, Israel took offline the 1.1bn cfd Leviathan field and the 500mn cfd Karish for precautionary reasons, as it launched its first wave of attacks on Iran (MEES, 13 June). This left only the 1.0bn cfd Tamar field operational. MEES understands that Tamar output is now at record levels, with all of its production supplying the domestic market for the first week of the conflict. This changed on 19 June when Israel resumed exporting small amounts to Egypt and Jordan, Israel’s energy ministry confirms to MEES (MEES, 20 June). Both Tamar…
If recent years have taught shipowners anything, it’s the far-reaching impact of geopolitical conflicts. The dislocation of global energy flows following Russia’s 2022 invasion of Ukraine and attacks on Red Sea shipping by Yemen’s Houthis since late 2023 have proven to be prolonged and destabilizing – quick to escalate and slow to resolve. Now the shipping industry is facing a new crisis following Israel’s 13 June attack on Iran and its nuclear facilities (MEES, 13 June). As MEES went to press, the two countries were still launching strikes against each other, with no signs of a ceasefire amid concerns that…
The perils of Egypt’s dependence on gas imports were painfully exposed this week, when Israel halted gas exports on the morning of 13 June in anticipation of Iran’s response to its airstrikes (MEES, 13 June). Egypt’s gas balances were already stretched amid delays in installing two new floating storage and regasification units (FSRUs), and Cairo has scrambled to secure additional fuel oil supplies for later this summer in order to build up strategic reserves. Although the 1.0bn cfd Tamar gas field remains Israel’s only currently operational gas field, Israel on 19 June restarted exports to both Egypt and Jordan, albeit…
Norwegian renewables firm Scatec is progressing both wind and solar projects across Egypt. On 15 June it announced plans to build a 900MW onshore wind project at Ras Shukeir on the Gulf of Suez and also said it has reached financial close of the 1.1GW ‘Obelisk’ solar project in southern Egypt, where it began construction in May (MEES, 9 May). Scatec says it has signed a US dollar-denominated 25-year Power Purchase Agreement (PPA) with state owned Egyptian Electricity Transmission Company (EETC) for the wind project. (CONTINUED – 272 WORDS) Read this article for free Gain access to over 60-years of…
The remarkable decline of Kuwait’s power generation sector hit a new and unwanted milestone last month; peak load exceeded available generation capacity. Recently released statistics from the Ministry of Electricity (MEWRE) show that peak load reached a June record of 16.98GW (up 5.5% year-on-year), exceeding available capacity of 16.275GW. Worse still, when demand hit 16.98GW on 22 May, available capacity was lower still at just 15.46GW due to ongoing maintenance work. In order to handle this, Kuwait significantly increased its reliance on electricity imports through the GCC interconnection (GCCIA) in the second half of May. Daily imports averaged around 14GWh…
Wael Sawan, the CEO of Shell stated that his company is being “very careful” with its Middle East shipments, due to the Israel-Iran conflict, to ensure not taking unnecessary risks, Reuters reported. The conflict started on June 13, 2025 and escalated rapidly into a full-fledged exchange of missiles, drones, and air force strikes. Sawan also highlighted the importance of Strait of Hormuz in this regard and the consequences of its closure, saying “The Strait of Hormuz is, at the end of the day, the artery through which the world’s energy flows, and if that artery is blocked, for whatever reason,…
Egypt is taking the needed measures to secure the natural gas supplies, said Prime Minister Mostafa Madbouly at a press conference following the weekly Cabinet meeting. During the meeting, which marks the first for the Crisis Committee formed to monitor repercussions of the escalating Israeli- Iranian conflict, Madbouli said Egypt has received three Floating Storage and Regasification Units (FSRU), only one of which is currently operating, and the other two will come online by the end of June. In this respect, the government has activated an emergency plan to prioritize natural gas allocations few hours after the beginning of the…
The Middle East’s three LNG exporters are doubling down on LNG export plans, even as more states in the region tip into gas deficit. Regiona… Source link