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Tunisia will have to wait until at least late-2019 for its long-delayed 85mn cfd Nawara gas project to come online, CEO of operator OMV Rainer Seele told the firm’s Q4 earnings call on 6 February.
Industry Minister Slim Feriani said in January the $1.1bn 50-50 partnership with state-energy firm ETAP was set to start up in June but Mr Seele on 6 February flagged up “start up… towards the end of 2019,” whilst the accompanying presentation indicated no significant output boost before 2020. The project previously targeted 2017 start-up ( MEES, 19 May 2017 ).
Bad news for Tunisia: the country’s gas imports from Algeria have been steadily rising since 2010 and now account for a staggering 66% of demand. Net oil and gas imports in 2018 accounted for a record $2.3bn – 33% of the total trade deficit ( MEES, 1 February ). That its power sector relies on gas for 97% of its fuel compounds the problem. (CONTINUED - 355 WORDS)