Middle East fuel supply & gas exports for power generation
- Merrimack Energy Co., LTD, Lowell, MA (United States)
- Taylor-DeJongh, Inc., Washington, DC (United States)
The Middle East countries that border on, or are near, the Persian Gulf hold over 65% of the world`s estimated proven crude oil reserves and 32% of the world`s estimated proven natural gas reserves. In fact, approximately 5% of the world`s total proven gas reserves are located in Qatar`s offshore North Field. This large natural gas/condensate field is currently under development to supply three LNG export projects, as well as a sub-sea pipeline proposal to export gas to Pakistan. The Middle East will continue to be a major source of crude oil and oil products to world petroleum markets, including fuel for existing and future base load, intermediate cycling and peaking electric generation plants. In addition, as the Persian Gulf countries turn their attention to exploiting their natural gas resources, the fast-growing need for electricity in the Asia-Pacific and east Africa areas offers a potential market for both pipeline and LNG export opportunities to fuel high efficiency, gas-fired combustion turbine power plants. Mr. Mitchell`s portion of this paper will discuss the background, status and timing of several Middle Eastern gas export projects that have been proposed. These large gas export projects are difficult and costly to develop and finance. Consequently, any IPP developers that are considering gas-fired projects which require Mid-East LNG as a fuel source, should understand the numerous sources and timing to securing project debt, loan terms and conditions, and, restrictions/credit rating issues associated with securing financing for these gas export projects. Mr. Newendorp`s section of the paper will cover the financing aspects of these projects, providing IPP developers with additional considerations in selecting the primary fuel supply for an Asian-Pacific or east African electric generation project.
- OSTI ID:
- 381229
- Report Number(s):
- CONF-951208-; TRN: 96:004297-0004
- Resource Relation:
- Conference: Power-Gen America `95: power generation conference, Anaheim, CA (United States), 5-7 Dec 1995; Other Information: PBD: 1995; Related Information: Is Part Of Power-Gen `95. Book I: Electric power trends and strategies. Volume 1 - global electric power trends. Volume 2 - North American power industry trends; PB: 75 p.
- Country of Publication:
- United States
- Language:
- English
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