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CHAPTER THREE
Arab And World Developments
shipping purposes. The initial phase of the venture will have two LNG
processing units or trains. Each unit will have an annual production
capacity of six million tons of LNG per year, with the possibility of
expansion in the future. Shell controls 40% interest of the venture,
while the other three companies have an equal share of 20%.
2-Arab Developments
2-1 Algeria
Algeria is implementing a plan to develop and increase its
production of LNG by 2015. It endeavours to export 85 billion cubic
meters of naturalgas per year by 2013.
2-2 Egypt
Egypt implemented 9 projects to develop and produce natural gas
in 2011/2012. Its total initial production reached 669 million cubic
feet/day, and 1528 barrels/day of condensate.
The supply of natural gas to residential area reached 579 thousand
units, with an increase of 3.8% from the last year.
The number of vehicles converted to run on natural gas increased
by 17 thousand in 2011/12, with an increase of 11% from last year,
bringing the total to 173,000 vehicles, after adding 17 new gas
refueling stations, bringing the total to 159 refueling stations.
2-3 Iraq
Iraqi government has initiated talks for an integrated development
covering associated gas from all of Misan province’s major oil
projects. China National Offshore Oil Company CNOOC, which
operates the 450,000 b/d Misan fields development project, is a
potential partner, while UK-listed independent Gulfsands Petroleum,
is also keen to get involved.
