Energy

Debt fears loom over Dana Gas

One month after the United Arab Emirates’ Dana Gas issued its preliminary 2011 financial results, the crucial question of how the company plans to address serious liquidity problems remains unanswered. A $1 billion sukuk (Islamic bond) taken out by Dana Gas in 2007 is due for repayment in October. But the combination of a poor [...]

Unrest hits Europe gas strategy

Civil war in Libya and uncertainty over available gas from Egypt and Algeria means major additions to supply from the three major North African markets is unlikely For several years, one of the key aims of Europe’s energy strategy has been to secure a diverse and reliable gas supply. The continent’s own gas production is [...]

Turkey: A strategic route for energy

Turkey is making the most of its geographical location between the energy-rich Middle East and Central Asia region and consumers in Europe Compared with its Middle East neighbours, Turkey’s oil and gas resources are negligible. According to the US government’s Energy Information Administration (EIA), in 2009, Turkey produced an average of just 53,000 barrels a [...]


Power integration gains popularity in Egypt

Egypt is embarking on an ambitious plan to link up its electricity grid with Saudi Arabia. But full regional integration is a long way off due to perennial power shortages and pricing issues Egypt’s plans to link its power network with Saudi Arabia are the latest in a growing network of electricity grids in the [...]

Algeria’s renewable energy challenge

The government has unveiled an ambitious plan to reshape Algeria’s energy mix by 2020. But the necessary foreign investment is likely to be hard to come by given the country’s nationalistic tendencies When it comes to its plans for the development of renewable energy, Algeria certainly does not lack ambition. At the beginning of January, [...]

Beirut eyes offshore oil and gas round

Lebanon hopes to launch a licensing round for offshore oil and gas exploration this year, but translating unproven potential into genuine resources will require more political unity Lebanon is planning to hold its first licensing round for offshore oil and gas contracts by November 2011, according to a statement by energy and water minister Gebran [...]


Algeria frustrates BP asset sales plan

The Algerian government is frustrating the proposed sale of assets in the country by BP to its Russian joint venture partner TNK-BP as it looks into buying the acreage… To view this article in full, please visit FT.com