new base special 27 january 2014

Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,

redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained

in this publication. However, no warranty is given to the accuracy of its content .

NewBase 27 January 2014 Khaled Al Awadi

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE

Profits rise 15% for Abu Dhabi chilled water company Tabreed John Everington , http://www.thenational.ae

National Cooling Company shrugged off a fall in topline revenues to record a 15 per cent rise in profit for 2013, thanks to increasing capacity in the UAE and the wider Arabian Gulf

The Abu Dhabi company, commonly known as Tabreed, reported profits of Dh272.4 million for the year, equivalent to earnings per share (EPS) of eight fils. The increase in profits came despite a 2 per cent fall in group revenues during the year to Dh1.1 billion, attributable to the company’s decision to gradually phase out its non-core value chain business unit.

Revenue from the company’s core chilled water business increased by 4 per cent on the year. The business unit reported a profit of Dh347.8m, a 6 per cent increase on 2012. Tabreed further reduced its debt burden in line with its 2011 recapitalisation plan, as net financing costs fell 19 per cent to Dh143.6m.

The recapitalisation plan came after the company’s high-value district cooling plants were left without the expected number of paying tenants following the collapse of Dubai property prices, leading to a fall in income and soaring debts. Tabreed’s total connected capacity grew to 839,000 refrigerated tonnes at the end of 2013, up from 767,000 a year earlier.

The company recorded major new connections in the UAE that included the Yas Mall and the World Trade Center Mall in Abu Dhabi, together with new connections with Saudi Aramco and in Qatar. Tabreed declined to comment on its further international expansion plans and its targets for non-UAE revenues.

The bulk of the company’s business is likely to remain in the UAE in the near future, said Maria Elena Ponceca, a senior analyst with Al Ramz Securities.However international revenue streams in markets such as Qatar and Saudi Arabia may become increasingly important.

“It’s assumed that increased revenues from the wider GCC will offset the loss of revenue from their value chain business,” she said. Analysts remain wary about the impact on EPS of the company’s Dh1.13 billion convertible bond to Mubadala, which owns 14.8 per cent in the company.

The bond, issued in December 2012, gives Mubadala the option of increasing its ownership in the company on or before March 2019.“If conversion happens, the number of shares will rise by more than 5x, but, there is no guarantee that revenue and earnings will improve sufficiently enough to counter the impact of greater number of shares on … EPS (as well as book value per share) and consequently on price multiples,” Al Ramz said in a note in September.




Tabreed’s shares finished the day down seven fils at Dh2.48 on the Dubai Financial Market. The company’s earnings coincided with the announcement of a fresh financing package by fellow district cooling company Empower, following its acquisition of Palm Utilities last week.

The Dubai-based company yesterday announced the details of a US$600m six-year term loan, underwritten by Citibank, Standard Chartered, Emirate NBD and Mashreq. Repayments on the loan will be made in half-yearly instalments with the final instalment due to be made in December 2019.

“Empower continues to pursue a strategy of financing its projects through an optimal mix of debt and equity in order to better maximise shareholder returns,” said Empower’s chief executive Ahmad bin Shafar. “This loan in particular will ensure that adequate and cost-effective funding is readily available to sustain our future growth and while also driving the implementation of our landmark projects.”

The acquisition of Palm Cooling gives Empower control of Palm District Cooling, which provides district cooling services to Palm Jumeirah, Jumeirah Lakes Towers, Jumeirah Village, Discovery Gardens, Dubai Multi Commodities Centre and Ibn Battuta shopping mall. Utilities companies such as Tabreed are mostly expected to benefit from increasing real estate and infrastructure projects in the run- up to Expo 2020 in Dubai, said Ms Ponceca.

“Tabreed has a long history of contracts with government bodies, not least projects like the cooling of the Dubai Metro,” she said. “The metro is one of the key pieces of infrastructure that will be “expanded in time for 2020, so Tabreed will definitely be one of the companies to benefit.”

Tabreed become a role model to

GCC countries and being viewed as

a leading in energy cooling savings

in the UAE




Emrill enlists Ireland’s Crowley for carbon emissions monitoring in Dubai April Yee , www.thenational.ae

Emrill, the facilities manager, has hired an Irish company to bring its carbon emissions monitoring technology to Dubai at a cost of up to Dh100 million.

Under the deal, the energy service provider Crowley Carbon will install technology to monitor electricity use in 800 buildings managed by Emrill, the joint venture between Emaar Properties, Al Futtaim and Carillion. The data would be sent to Crowley Carbon’s headquarters in Ireland.

“By identifying the vast, locked-in potential of buildings to minimise their impact on the environment and achieve unprecedented cost reductions into the future, we have opened the door to a cleaner, greener and more cost-effective way for businesses to operate,” Ben Churchill, Emrill’s managing director, said in a press release.

The contract is one of the first steps in Dubai’s drive to address its growing power and water demand not only by building more power plants but also by cutting down on usage. In November 2012, Emrill launched Emrill Energy Services, a wholly-owned company that will retrofit its commercial and residential buildings, with Crowley Carbon and Carillion Energy Services of the UK as strategic partners.

Last month the Dubai Electricity & Water Authority (Dewa) unveiled plans to launch its own energy services company called Etihad Esco that would focus on government buildings, starting with seven of the utility’s buildings.

The UAE ranks sixth worldwide in terms of per-capita carbon dioxide emissions, pumping out 22.6 tonnes of the greenhouse gas per person every year. It is also the third top per-capita energy consumer, coming in behind Qatar and Trinidad and Tobago.

Subsidies on low-cost energy and water cost the government US$2,500 per person, according to the International Energy Agency, the consumers’ watchdog based in Paris. In an effort to curb demand, Dewa hiked power prices to 43 fils per kilowatt last year from 33 fils the year before.




Jordan to sign nuclear deal with Russia By Courtney Trenwith , http://www.arabianbusiness.com/jordan-sign-nuclear-deal-with-russia-536123.html

Jordan will sign a deal with the Russian Federal Agency for Atomic Energy (Rosatom) in mid-February to develop its first nuclear plant, the Jordan Atomic Energy Commission (JAEC) chairman has revealed.

Russia, which has more than 30 nuclear power plants and has announced plans to build more, would assist Jordan in the initial stages of developing the facility, JAEC chairman Khaled Toukan said in a statement published by the Jordan News Agency. The Levant country announced in October that it would construct twin 1000-megawatt reactors in the Qusayr Amra region, east of the capital Amman.

State-owned Rosatom has been contracted to construct the reactors by 2021 under a build-own-operate basis. The Russian company will take on 49 percent of the plants’ $10 billion construction and operation costs, with the Jordanian government contributing 51 per cent and retaining a majority share in the plants.

Prime Minister Abdullah Ensour has said nuclear power could provide Jordan with almost one-third of its future energy needs cut costs by about one-third. However, opponents claim the reactors would threaten the

underground aquifers in Azraq, about 15 kilometres from the proposed site. Toukan said 51 per cent of a nuclear research reactor at the Jordan University of Science and Technology also had been completed.

NewBase Analysis / Info + http://world-nuclear.org/

• (Jordan imports most of its energy and seeks greater energy security as well as lower electricity prices.

• It has been aiming to build a 750-1200 MWe nuclear power unit for operation by 2020 and a second one for operation by 2025.

• Jordan has significant uranium resources, some in phosphorite deposits.

Jordan imports over 95% of its energy needs, at a cost of about one-fifth of its GDP. It generated 14.3 billion kWh, mostly from natural gas, and imported 0.4 billion kWh of electricity in 2009 for its six million people. In 2012, due to gas supply constraints from Egypt, its electricity supply was 25% from natural gas imported (unreliably), 32% from heavy fuel oil, 32% from diesel, and 11% was imported.

It has 2400 MWe of generating capacity and expects to need 3600 MWe by 2015, 5000 MWe by 2020 and 8000 MWe by 2030 when it expects doubled electricity consumption. About 6800 MWe of new plant is needed by 2030, with one third of this projected to be nuclear. Per capita electricity consumption is about 2000 kWh/yr. Jordan has regional grid connection of 500 MWe with Egypt, 300 MWe with Syria, and it is increasing links with Israel and Palestine. This will both increase energy security and provide justification for larger nuclear units.

ROSATOM Nuclear information centres




Also it has a "water deficit" of about 600 million cubic metres per year (1500 demand, 900 supply). It pumps about 60 million m3/yr of fossil subartesian water from the Disi/Saq aquifer, and this is set to rise to 160 million m3/yr in 2013. It contains elevated, but not hazardous, levels of radionuclides, principally radium. (Drinking 2 litres per day would give a dose of 1.0 to 1.5 mSv/yr.)

Jordan's 2007 national energy strategy envisaged 29% of primary energy from natural gas, 14% from oil shale, 10% from renewables and 6% from nuclear by 2020.

Nuclear power plans

Jordan's Committee for Nuclear Strategy, set up in 2007, set out a program for nuclear power to provide 30% of electricity by 2030, and to provide for exports. The nuclear law was modified in 2007 to establish the Jordan Atomic Energy Commission (JAEC) and the Jordan Nuclear Regulatory Commission (JNRC), including radiation protection and environmental roles.

JAEC's functions include safety and security, nuclear science and technology, and safeguards and verification. Its commission is to transform Jordan from net energy importer to net electricity exporter by 2030, to provide power to fuel economic growth at low cost, and to end dependence on fossil fuels. Its strategy includes exploiting national uranium assets, promoting public/private partnerships, ensuring effective technology transfer and national participation, providing for water desalination and eventually hydrogen production, developing spin-off industries, and enabling competitive energy-intensive industries.

In mid-2008 an agreement between JAEC and Atomic Energy of Canada Ltd (AECL) with SNC-Lavalin was to conduct a three-year feasibility study on building an AECL 740 MWe Enhanced Candu-6 reactor using natural uranium fuel, for power and desalination. In August 2008 it was reported that the government intended to sign up for an Areva reactor, and subsequent discussions pointed to an 1100 MWe unit, presumably from Atmea, the Areva-Mitsubishi joint venture which is developing such a unit for countries embarking upon nuclear power programs.

In December 2008 JAEC signed a memorandum of understanding with Korea Electric Power Corp (KEPCO, parent company of KHNP) to carry out site selection and feasibility study on nuclear power and desalination projects. This is related to Doosan Heavy Industries, Korea's main nuclear equipment maker, carrying out desalination-related work in Jordan under a separate recent agreement, and KEPCO having won a tender to build a 400 MWe gas-fired power plant on a build-own-operate basis. Up to 40% of the capacity of any nuclear plant built on the coast would likely be used for desalination.

Site options with seawater cooling are limited to 30 kilometres of Red Sea coast near Aqaba. In September 2009 JAEC contracted with Tractabel Engineering, a subsidiary of GdF Suez, to undertake a two-year siting study for the new plant some 25 km south of Al Aqabah and 12 km east of the Gulf of Aqaba coastline. Discussion of environmental aspects took place with Israel and Egypt. However, late in 2010 the proposed location for the first reactor became Al Amra in the Majdal area in northern Al Mafraq province, about 40 km north of Amman, due to better seismic characteristics, and Tractabel turned its attention to defining a site there. The plant needs to have PGA seismic level of 400 gal for safe shutdown. Cooling water will come from the municipal Khirbet Al Samra Wastewater Treatment Plant, with the cooling system modeled on that at Palo Verde in Arizona, USA, which also uses wastewater for cooling.

In November 2009 JAEC signed an $11.3 million agreement with WorleyParsons for the pre-construction phase of a 1000 MWe-class nuclear power plant. The firm is carrying out technology selection – preparing the tender and evaluating bidders, as well as assisting in fuel cycle engineering and waste management plans for the plant. It will also assist in establishing a utility company, expected to be a public-private entity with up to 75% equity from an experienced strategic partner, to own and operate the plant.




In 2009 the JAEC evaluated seven offers from at least four reactor vendors: KEPCO, Areva-MHI, Atomstroyexport and AECL for technology options including: APR-1400, Atmea1, AES-2006, AES-92, Enhanced Candu-6 (EC6) respectively. In May 2010 three vendors and designs were short listed, the Atmea1 from Areva-MHI, the AECL EC6, and the AES-92 from Atomstroyexport. In April 2012 the field was narrowed to two: Atmea1 and AES-92, both around 1000 MWe. JAEC and WorleyParsons pursued discussions first on the actual reactor designs and secondly "on the financing and organization support that the vendor will be providing for future operation of the plant." For Jordan, this is the major consideration.

In October 2013 JAEC announced that Rosatom's reactor export subsidiary AtomStroyExport (ASE) will be the supplier of the AES-92 nuclear technology while Rusatom Overseas will be strategic partner and operator of the plant. Russia will contribute at least 49% of the project's $10 billion cost, with the Jordanian government possibly putting up the remaining 51%, though the plant could be provided on a build-own-operate (BOO) basis.* A six-month period of exclusive negotiation with Rosatom will now be needed to finalise contracts. A financial adviser to assist the project is also to be announced.

* In May 2013 JAEC said that the two proposals had been too expensive and no strategic investor had been found, so it was now considering reopening bids to include small modular reactors which would better

suit its overall electricity supply situation, with relatively small total capacity, but the idea appears to be moot.

In February 2011 the Energy Minister announced that JAEC had short-listed GDF Suez, Rosatom, Datang International Power Generation Co. and Kansai Electric Power Co. as possible strategic partners to invest in and operate the new plant of about 2000 MWe, with the government

retaining 26-51% of the equity. Jordan is looking at limited recourse financing with a debt-equity ratio of at least 70-30, and wants to set up a long-term (eg 45-year) power purchase contract, with the government guaranteeing part of the debt. The overnight cost was expected to be $4900/kW, hence likely $9.8 billion apart from financing, though a later estimate is EUR 12 billion. The UAE is reported to be supporting the project and exploring collaborative arrangements.

JAEC expected to sign an EPC contract and to have identified a partner strategic investor and operator in 2012, but this schedule has slipped considerably. It expected to start building one 750-1200 MWe nuclear power unit for operation by 2020 and a second one for operation by 2025.

Longer-term, four nuclear reactors are envisaged, and separately to the present tender process Rosatom has offered to build these on a build, own and operate (BOO) basis similar to its project in Turkey. Rosatom would establish a project company and eventually offer 49% of it to local investors. Further nuclear projects will involve desalination.

However, in May 2012 the lower house of parliament voted 36 to 27 in favour of a recommendation by the parliamentary Energy & Mineral Resources Committee to suspend the country’s nuclear program, including uranium exploration. The Committee’s report accused the JAEC of misleading parliament. However, JAEC says the motion was qualified in effect to endorse its cautious proceeding.

Uranium resources

The country has low-cost uranium resources of 140,000 tU plus another 59,000 tU in phosphate deposits, and plans to mine these have been announced by the government. A feasibility study on recovering uranium as a by-product of phosphate production is under way.

In October 2008 a joint venture between JAEC and Areva was established to define uranium resources in central Jordan, and in February 2010 this became the JV company Nabatean Energy. Areva in 2010 secured an agreement giving it exclusive uranium mining rights in central Jordan for 25 years. Areva said its goal was "to create a full partnership with Jordan on training and obtaining nuclear technology".




About 2008 the Jordan French Uranium Mining Company (JFUMC) was set up as a joint venture between Areva and Jordan Energy Resources Inc. (JERI) and traded as Jordan Areva Resources. It operated within a 1,400 sq km concession area in the central region, including the Siwaqa, Khan Azzabib, Wadi Maghar and Attarat areas. In June 2012 JFUMC said it had identified over 20,000 tU resources in a 72 sq km area. It would carry out a feasibility study on mining by August 2012, and the Minister for Energy and Mineral Resources earlier said that development of an open pit mine would begin in 2013, for operation from 2015. However, in October 2012 JAEC terminated the JFUMC joint venture mining licence due to JFUMC failing "to

submit its report on time". Areva insisted that the actual JFUMC agreement related only to exploration, not mining, and expired naturally in 2012 anyway. In January 2013 the Jordan Uranium Mining Co was established with the same broad remit as JFUMC.

A further 22,000 tU is reported at Hasa and Qatrana, 80 km south of Amman, following 2010-11 work by Jordan Energy Resources Inc (JERI), a commercial arm of JAEC. This is in the Qatrana phosphorites, where uranium at 0.015-0.017% would be a co-product with phosphates and vanadium. About 52 Mt of phosphate is reported, but neither this nor the uranium is as JORC-compliant resources. JERI is calling for bids from major mining comapnies to develop seven separate blocks comprising the deposit late in 2012. Some uranium mineralisation is also reported at Rweished near the Iraq border in the far northeast.

China National Nuclear Corporation (CNNC) has been searching for uranium at Hamra-Hausha in the north, and Wadi Baheyya in the south, while Rio Tinto was searching in Wadi Sahab/Sahra Abiad, close to the Saudi Arabian border, but withdrew in 2011.

Research & Development

In December 2009 the JAEC selected a consortium headed by the Korean Atomic Energy Research Institute (KAERI) with Daewoo to build a 5 MW research and training reactor (JRTR) at the Jordan University for Science & Technology in Irbid by 2015 – the country's first. Cost is expected to be $173 million. The reactor, similar to South Korea's HANARO heavy water reactor, will use 19% enriched fuel and will have the potential to upgrade to 10 MW. The country’s Nuclear Regulatory Commission gave its final approval in August 2013.

The Korean consortium was reported to be bidding against firms from Argentina, China and Russia. It will be financed partly by a $70 million soft loan from South Korea, with 0.2% interest rate and repayment over 30 years. The JRTR will serve as an integral part of the nuclear technology infrastructure and will become the focal point for a Nuclear Science and Technology Centre (NSTC) with a key role in educating and training future generations of nuclear engineers and scientists. It will supply radioisotopes for medicine, industry and agriculture.

International agreements, Non-proliferation

Jordan has signed nuclear cooperation agreements with France, Canada, UK, and Russia in respect to both power and desalination, and is developing its plans in line with the IAEA revommendations. It has signed a nuclear cooperation agreement with China, covering uranium mining in Jordan and nuclear power, and others with South Korea, Japan, Spain, Italy, Romania, Turkey and Argentina related to infrastructure including nuclear power and desalination. A full nuclear cooperation agreement with USA is pending, though the USA wants Jordan to emulate UAE and rule out uranium enrichment.

Jordan joined the Global Nuclear Energy Partnership (GNEP) in 2007. It has had a safeguards agreement in force with the IAEA since 1978, and an Additional Protocol in force since 1998.




TransCanada gas pipeline explodes in Manitoba, none hurt By Rod Nickel Jan 25 (Reuters) –

A natural gas pipeline operated by TransCanada Corp exploded and caught fire in a rural area of the western Canadian province of Manitoba early on Saturday, but there were no injuries, a federal regulator said.

The explosion happened near Otterburne, Manitoba, about 25 km (15.5 miles) south of the provincial capital, Winnipeg. The area was evacuated as a precaution, said the National Energy Board, which oversees parts of Canada's energy industry. "We could see these massive 200- to 300-meter high flames just shooting out of the ground and it literally sounded like a jet plane," said resident Paul Rawluk, as quoted by the Canadian Broadcasting Corp.

The line was shut down and was depressurized to contain the fire, the energy board said, adding it would work with the federal Transportation Safety Board to determine the cause. TransCanada spokesman Davis Sheremata said the fire was extinguished by early afternoon. About 4,000 residents and other customers may be without natural gas for at least a day, according to Manitoba Hydro, the provincial government-owned energy utility. Temperatures in the province are well below freezing.

Sheremata said TransCanada and Manitoba Hydro were working to restore natural gas service as quickly as possible. In the meantime, trucks containing compressed natural gas were sent to metering stations in the area to provide critical service to nursing homes and hospitals, as well as schools and churches being used as emergency warming centers. The incident comes as the safety record of pipeline operators faces increased scrutiny.

Plans are under way for construction of several export terminals on the Pacific Coast with the aim of making Canada, the world's No. 3 producer of natural gas, an exporter of liquefied natural gas to Asia. Some of the new terminals would require new gas pipelines. TransCanada and rival Enbridge Inc are also seeking




government approval to build pipelines to move crude oil, but have faced fierce opposition from environmentalists and some aboriginal groups.

The natural gas explosion adds to concerns about TransCanada's safety record, just as it seeks approval this year for its Energy East oil export pipeline, said Gillian McEachern of the activist group Environmental Defence

Pipeline crews worked to vent gas

The pipeline, which is owned by TransCanada, has been temporarily shut down according to a statement from a company spokesman. The statement also said that nearby roads have been closed, and that the company is not aware of any reports of injuries.

However, five houses within the vicinity of the fire were evacuated by RCMP and St-Pierre-Jolys Fire Department. The residents of two of the homes have been allowed to return, but police were not letting residents return to the three homes closest to the site. Crews spent most of the day venting the natural gas from the system to eliminate the fuel source for the fire. The company said that process generated a loud noise but posed no risk to the public. By Saturday afternoon, more than 12 hours after it started, TransCanada officials said the fire was out. The cause of the fire is under investigation. TransCanada is working with Manitoba Hydro to restore regular natural gas service, the company's spokesperson Davis Sheremata said in a statement Saturday night. Trucks containing compressed natural gas are being sent to metering stations in the area. The initial supply will be used to provide gas to critical services such as personal care homes and hospitals, as well as schools or churches being used as emergency warming centres. The company did not provide a timeline of when regular natural gas service will resume.




India, Japan seek early deal on nuclear cooperation (Reuters) -hare this

• Print

Japan's Prime Minister Shinzo Abe (L) and his Manmohan Singh shake hands while exchanging documents after signing a joint statement at Hyderabad House in New Delhi January 25, 2014.

India and Japan's talks on nuclear cooperation have gained momentum over the past few months and the two hope for an agreement on civilian nuclear energy soon, leaders of the countries said after meeting on Saturday.

"Our negotiations towards an agreement for cooperation in the peaceful uses of nuclear energy have gained momentum in the last few months," Prime Minister, Manmohan Singh, said in a statement after meeting his Japanese counterpart, Shinzo Abe.

The Japanese prime minister said in a separate statement they had agreed to continue talks "with the view for early conclusion". Abe's three-day visit to India, which started on Saturday, is underscoring growing business and political ties between the two countries as they face mutual rival China.

An agreement on civilian nuclear energy would open up the Indian market to Japanese players, reflecting another shift in Tokyo's policy on a sensitive issue. Japan is also looking to sell ShinMaywa US-2i planes, built by ShinMaywa Industries, that could be outfitted for firefighting or as a kind of amphibious hospital and cost an estimated $110 million per unit.

A joint working group has met to explore ways to cooperate on its use and production in India, Singh said.The two countries are also cooperating on several infrastructure projects.

NAVAL EXERCISE

Japan would extend India a loan of about 200 billion yen for the extension of Delhi's metro underground rail system, Abe said. He added the two sides had also agreed to step up cooperation on high-speed rail systems.

Abe will be the first Japanese Prime Minister to witness India's Republic Day celebrations on January 26. India also invited Japan to the Malabar joint naval exercise this year. Indian and U.S. navies conduct their annual Malabar joint exercises in the Bay of Bengal once a year.




Japan's 2013 LNG imports hit record high on nuclear woes TOKYO, Jan 27 (Reuters)

Japan's imports of liquefied natural gas (LNG) rose to another record in 2013 as the country's second

complete shutdown of its nuclear stations since the Fukushima disaster in 2011 forced utilities to burn

more fossil fuels to generate power.

The soaring cost of fuel imports let Japan to post a record annual trade gap of 11.47 trillion yen ($112.06

billion) in 2013, up from 6.94 trillion yen in the previous year and a third straight year of deficit.

LNG imports increased 0.2 percent to 87.49 million tonnes last year, the Ministry of Finance said in

preliminary trade figures on Monday.Japan's crude oil imports in 2013 fell 0.6 percent to 3.65 million

barrels per day (211.717 million kilolitres), a two-year low.

Japan, the world's top importer of liquefied natural gas (LNG), paid a record 7.06 trillion yen ($68.98

billion) last year for LNG, overturning a previous record in 2012.In December, Japan imported 8.09 million

tonnes of LNG, up 4.9 percent from a year earlier and the highest since January 2013.

Imports of thermal coal for power generation rose 17.5 percent to 9.97 million tonnes percent last month,

the data showed. The volume of Japan's customs-cleared crude oil imports rose 0.2 percent in December

to 4 million barrels per day (19.73 million kilolitres) from a year earlier, the preliminary data showed.

Following is a preliminary breakdown of energy imports for last month, with volumes of crude, oil

products and gasoline/naphtha in million kilolitres; LNG, LPG and coal in

million tonnes; values in million yen. Fuel type Volume Yr/Yr(%) Value Yr/Yr(%) Mineral Fuels n/a n/a 2,711,285 24.2 Crude Oil 19.730 0.2 1,418,744 23.1

Oil products n/a n/a 271,006 6.5

(Mogas/naphtha) 2.459 -4.9 168,871 17.9 LNG 8.085 4.9 689,480 33.1

LPG 1.138 4.3 114,805 18.8

Coal 17.461 20.7 208,381 30.7

(Thermal Coal) 9.965 17.5 107,553 27.8

Following is a preliminary breakdown of energy imports in 2013, with volumes of crude, oil products and

gasoline/naphtha in million kilolitres; LNG, LPG and coal in million tonnes; values in million yen. Fuel type Volume Yr/Yr(%) Value Yr/Yr(%) Mineral Fuels n/a n/a 27,435,268 13.9 Crude Oil 211.717 -0.6 14,240,822 16.3

Oil products n/a n/a 2,712,366 10.2

(Mogas/naphtha) 27.707 0.7 1,781,690 19.8 LNG 87.491 0.2 7,056,795 17.5

LPG 12.120 -8.2 1,071,231 4.8

Coal 191.544 3.5 2,298,881 -0.9

(Thermal Coal) 109.029 1.3 1,170,044 2.0 * 2013 LNG imports at 87.49 mln T, up 0.2 pct yr/yr * 2013 crude imports fall 0.6 pct to 2-year low

* Dec LNG imports rise 4.9 pct to 8.09 mln T




Djibouti eyes energy reliance with geothermal plants http://uk.reuters.com/article/2014/01/26/djibouti-electricity-idUKL5N0L004D20140126

The small African nation of Djibouti will invest $31 million in geothermal power plants to cut reliance on imported electricity from neighbouring Ethiopia, officials said.

The country in the Horn of Africa has a population of less than a million people and peak demand of 70 megawatts of electricity, 65 percent of which comes through a line connecting the Djiboutian grid with that of Ethiopia, said Djama Ali Guelleh, director of electricity.

The project, to be funded by a range of lenders such as the African Development Bank, will start in 2015, with the first phase producing 50 MW and output doubling after the second phase. Four steam wells will be drilled in the first phase.

"This funding will ensure the commercial viability of exploiting this resource and to significantly increase the supply of affordable energy for people and the sectors of our economy," said Ilyass Dawaleh Moussa, the minister of economy and finance. Development of the Assal geothermal field has been contracted to Reykjavik Energy Invest of Iceland, Djibouti's director of electricity said.

NewBase Commenrtary & Dr. Mohammed Darsi Nedham , Expert

Today, I would like to introduce the Republic of Djibouti to you (The YGSN's Members) and all other interested professional Worldwide.

We believe in that it is Djibouti's TIME and that it is the most suitable TIME to rebuild Djibouti based on real reform programs, which only specially designed to introduce Djibouti with a new modern dress to the whole World. As, we also believe in that, Djibouti will surprise all with its Oil and Gas discoveries in the near future! Where a bright future awaiting Oil and Gas Exploration Activities in Djibouti (Especially, in the field of Gas Exploration mainly offshore and

Diagram: geothermal power plants




onshore and also the field of generating electricity power by using Djibouti huge reserve of Renewable Geothermal Energy. So, Let us all give our mind, hearts and hands to our brothers in Djibouti and let us all work together and as One Team on building a New bright future for Djibouti, especially in the Energy Sector as an entrance to other sectors.

Djibouti: Oyster Oil & Gas commences onshore geophysical survey in Djibouti

Oyster Oil & Gas has announced the commencement of an onshore geophysical survey in the Republic of Djibouti. The Survey is a regional geophysical program covering some 450 kms located in the onshore Blocks 1, 2 & 4. Oyster has contracted the Centre d'Etude et de Recherche de Djibouti ('CERD') and Imagir of France to undertake the acquisition and processing of magnetotelluric and gravity survey data. Oyster anticipates that the acquisition and processing will be completed by end of 2013.

Dr. Phil Roach, Exploration Consultant commented, 'We have been encouraged by our geological and geophysical work in Djibouti and have identified potentially good quality oil source rocks and also good reservoir potential. This geophysical survey will help to provide a regional understanding of the deposition and sedimentary basins in Djibouti. This is one of the largest of this type of survey in the region and we hope it will greatly assist in our understanding of the hydrocarbon systems and allow us to unlock the potential in Djibouti.'

Oyster holds 100% interest in four blocks - Blocks 1, 2, 3 & 4 - in the Republic of Djibouti and is the Operator. The Republic of Djibouti is located in the 'Horn of Africa'. In 1999 Djibouti held its first multi-party presidential elections and in April 2011 Ismail Omar Guelleh was re-elected as President. In February 2013, Djibouti held its most recent parliamentary elections. The Republic of Djibouti was formally a French Territory of the Afars and the Issas and gained independence in 1977.

Oyster signed a production sharing contract (PSC) in September 2011 with the government of the Republic of Djibouti with an effective date following the decree of 1st March 2012. The PSC was awarded for four blocks covering an area of 14,100 km² (3.5 million acres).

These blocks are situated within the potentially prospective Guban Basin and Red Sea Basin covering a total area of approximately 3.5 million acres. • Block 1 – Djibouti (Onshore Block): It's located primarily onshore and extends in the shallow water of the Gulf of Aden in the southern part of the country and borders Somaliland. Block 1 covers an area of 3,400km² (840,000 acres) and is located in the Guban Basin. • Block 2 - Djibouti (Onshore Block): It's located in the Red Sea Basin, onshore. Block 2 covers an area of 3,200km² (790,737 acres). • Block 3 - Djibouti (Offshore Block): It's located deep water offshore in the Red Sea Basin. Block 3 covers an area of 2,300km² (568,342 acres). • Block 4 - Djibouti (Onshore Block): It's also located onshore in the Guban Basin. Block 4 covers an area of 5,200km² (1,284,947 acres). However, Oyster Oil is confident, based on its work to date, that a number of potential oil bearing basins were formed with the break-up of Gondwanaland and that these may prove to be commercially attractive targets for exploration and future production in Djibouti.




Conclusions In this respect and as a conclusion of our reading, studying, analyzing, reviewing, checking data and informations on Djibouti Energy Sector from different resources, I would like here to introduce the following suggestions and Advices:

1. I believe in that Djibouti's Jurassic and Cretaceous periods are highly in need to be studied more, especially the paleogeographies of the above mentioned periods

It is known, that during the Jurassic the Shuqra transgression and that of equivalent carbonates in neighboring areas covered much of Yemen and extended westwards into Eritrea and southward into Somalia. (Which mean, it's also extended to Djibouti)

In Yemen, (For Example) the sea appears to have advanced from more than one direction, including from the SW and NW over western Yemen, and from the NE and east in the eastern part. And during the Cretaceous however, the marine advance was from the east by a series of short transgressions followed by regressions, and marine conditions never covered western Yemen where terrestrial, fluvial and fluvio deltaic conditions prevailed.

2. There is a strong link between the arc collage of the Arabian Shield in the south southwestern part of Yemen and the gneissic Mozambique belt of East Africa. Further south in northern Somalia, two comparable but narrower terranes of juvenile volcanic arcs and intervening gneiss terranes occur, providing a link through Yemen between the island arcs of the northern or Saudi Arabian region and the southern gneissic East African Mozambique belt.




NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE

Your partner in Energy Services

Khaled Malallah Al Awadi, MSc. & BSc. Mechanical Engineering (HON), USA ASME member since 1995 Emarat member since 1990

Energy Services & Consultants Mobile : +97150-4822502

[email protected] [email protected]

Khaled Al Awadi is a UAE National with Khaled Al Awadi is a UAE National with Khaled Al Awadi is a UAE National with Khaled Al Awadi is a UAE National with a total of 24 yearsa total of 24 yearsa total of 24 yearsa total of 24 years of experience in theof experience in theof experience in theof experience in the Oil & Gas sector. Currently working as Oil & Gas sector. Currently working as Oil & Gas sector. Currently working as Oil & Gas sector. Currently working as

Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for

the GCC area via Hawk Energy Service as a UAE the GCC area via Hawk Energy Service as a UAE the GCC area via Hawk Energy Service as a UAE the GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas Operations operations base , Most of the experience were spent as the Gas Operations operations base , Most of the experience were spent as the Gas Operations operations base , Most of the experience were spent as the Gas Operations

Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , he has developed has developed has developed has developed

great experiences in the designing & congreat experiences in the designing & congreat experiences in the designing & congreat experiences in the designing & constructingstructingstructingstructing of gas pipelines, gas metering & regulating stations and in the engineering of supply of gas pipelines, gas metering & regulating stations and in the engineering of supply of gas pipelines, gas metering & regulating stations and in the engineering of supply of gas pipelines, gas metering & regulating stations and in the engineering of supply

routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many MOUs for OUs for OUs for OUs for

the local authorities. Hethe local authorities. Hethe local authorities. Hethe local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andhas become a reference for many of the Oil & Gas Conferences held in the UAE andhas become a reference for many of the Oil & Gas Conferences held in the UAE andhas become a reference for many of the Oil & Gas Conferences held in the UAE and Energy program broadcasted Energy program broadcasted Energy program broadcasted Energy program broadcasted

internationally , via GCC leading satelliteinternationally , via GCC leading satelliteinternationally , via GCC leading satelliteinternationally , via GCC leading satellite ChannelsChannelsChannelsChannels . . . .




NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE

NewBase 27 January 2014 K. Al Awadi

new base special 27 january 2014

Economy & Finance