Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait oil min says looking to import Iranian natural gas  Join our daily free Newsletter

MENAFN - Arab Times - 03/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Wait city june 2 (agencies): kuwait's oil minister said his country was looking to sign an agreement with iran to secure much-needed natural gas supplies. the minister's comments to the state news agency kuna late on sunday came on the sidelines of a visit by kuwait's amir to iran the first by a ruler of the us-allied gulf arab state since the 1979 islamic revolution. 'iran has large quantities of gas and kuwait is in need of iranian gas through cooperation between the two countries' kuna quoted ali saleh al-omair as saying while in tehran. the oil-rich opec producer lined up 15 billion worth of gas supply from bp and royal dutch shell last month to help meet soaring demand. kuwait also signed a contract to import liquified natural gas (lng) from fellow gulf state qatar to help meet its energy needs to the end of 2014 in april. iran sealed a preliminary agreement to export gas to the gulf state of oman in march after an agreement dating back to 2005 was revived during a visit of iranian president hassan rouhani to the capital muscat. demand for gas in the gulf cooperation council (gcc) states is rising on the back of growing populations and an industrial boom.

deal

still some analysts have said that iran which holds the world's largest gas reserves is unlikely to provide a quick supply fix for gas-hungry gulf states even if it reaches a deal with world powers over its nuclear programme and sanctions are lifted. iran has been prevented from exporting much of its natural gas because of western sanctions over its contested nuclear programme. meanwhile kuwait's crude oil exports to japan fell 35.0 percent in april from a year earlier to 5.30 million barrels or 177000 barrels per day (bpd) for the first decline in two months government data showed. as japan's fifth-biggest oil provider kuwait supplied 5.0 percent of the asian nation's total crude imports the japanese natural resources and energy agency said in a preliminary report.

japan's overall imports of crude oil slid 4.3 percent year-on-year to 3.53 million bpd for the second consecutive monthly decline. shipments from the middle east accounted for 79.9 percent of the total down 1.5 percentage points from a year before. saudi arabia remained japan's no.1 oil supplier although imports from the kingdom shrank 4.5 percent from a year earlier to 1.15 million bpd followed by the united arab emirates with 869000 bpd up 17.4 percent. qatar ranked third with 426000 bpd and russia fourth with 322000 bpd respectively. japan is the world's-third biggest oil consumer after the us and china. but in its annual energy outlook released last month the us energy information administration predicted india will take over japan by 2025.


 


Arab Times




  MENA News Headlines
 Sep 30 2016 - Italy's Eni confirms renewable energy deal with EgyptMENAFN
(MENAFN) Italian oil Eni agreed a common strategy with Egypt to construct renewable energy projects in the country.Moreover, the first project will be a solar plant in Sinai with output of 50 MW, ...

 Sep 30 2016 - Oman's budget deficit reaches USD10.83bn in H1MENAFN
(MENAFN) Oman's budget deficit increased and crossed the RO4bn mark for Jan-July period this year as government revenue continued to hurt by weak oil prices.Meanwhile, the deficit grew by 68 percent ...

 Sep 30 2016 - UAE hotels to cut costs by 20pctMENAFN
(MENAFN) Hotels in the UAE could cut their costs by more than 20 percent by reducing their energy and water consumption.Moreover, hotels with poor environmental policies consume three times more ...

 Sep 29 2016 - Kimberly process chair steps up momentum on Africa initiativeMENAFN Press
(MENAFN Press) Zimbabwe was the next stop on his extensive tour of African States, to give Africa a Voice, for which the Kimberley Process was originally intended. In Harare, the KP Chair met with ...

 Sep 29 2016 - Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020 next five years in an average of 106% CAGR; by 2020 over 430 billion products will be sold, and 21 ...

 Sep 29 2016 - NY Gov. Cuomo's Justice Center a Corruption SchemeMENAFN Press
(MENAFN Press) NY Gov. Cuomo's Justice Center a Corruption Scheme Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February 15,2007 The corruption is ...

 Sep 29 2016 - Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North AmericaMENAFN Press
(MENAFN Press) Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North America The 3rd annual Biosimilars North America by popular demand, ...

 Sep 29 2016 - Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022.MENAFN Press
(MENAFN Press) Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022. Global Haptic Interface Market Information, by Components (Hardware, Software), ...

 Sep 29 2016 - Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Cold Forging Machine Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September ...

 Sep 29 2016 - Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021MENAFN Press
(MENAFN Press) Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021 Global Wind Power Market Information Report by Application (Residential ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help