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Posts by "putko mafani"

245 Posts by Anonymous "putko mafani":
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 5, 2011 8:05
Good to know these facts in view of this gas pipeline blast:

Exports

Egyptian began exporting natural gas in the mid-2000s with the completion of the Arab Gas Pipeline (AGP) in 2004 and the startup of the first three LNG trains at Damietta in 2005. In 2009, Egypt exported close to 650 billion cubic feet (Bcf) of natural gas, around 70 percent of which was exported in the form of LNG and the remaining 30 percent via pipelines.

Pipeline Exports

Egyptian pipeline exports travel through the Arab Gas Pipeline (AGP) that provides gas to Lebanon, Jordan and Syria with further additions being planned. The Arish-Ashkelon pipeline addition, which branches away from the AGP in the Sinai Peninsula and connects to Ashkelon, Israel began operations in 2008. Domestic pressure over contracts, pricing for exports to Israel, and technical problems caused a few interruptions but exports resumed in 2009.

Liquefied Natural Gas (LNG)

Egypt has three LNG trains: Segas LNG Train 1 in Damietta and Egypt LNG trains 1 and 2 in Idku. The combined LNG export capacity is close to 600 Bcf per year with plans to expand in the near future pending export policy changes and legislation. In 2009, LNG exports were approximately 450 Bcf. The largest recipient of Egyptian LNG for 2009 was the United States, which imported around 160 Bcf, representing 35 percent of Egyptian LNG exports for the year and also 35 percent of U.S. LNG imports. Other major destinations for Egyptian LNG include Spain (32 percent) and France (13 percent) with smaller volumes travelling to Canada, Mexico, Asia and other European countries. At the time of writing, neither LNG nor pipeline exports out of Egypt had been affected by the ongoing instability.
http://www.eia.doe.gov/cabs/Egypt/NaturalGas.html
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 5, 2011 7:42
Well, it is not an oil pipeline, but a gas pipeline. Anyway market will sense the risk:

Egypt-Israel gas pipeline attacked

Unknown attackers blow up North Sinai pipeline that supplies gas to Israel.
Last Modified: 05 Feb 2011 07:36 GMT

Egypt map - Arish - gas pipeline blown up

Unknown attackers have blown up a pipeline that runs through Egypt's North Sinai and supplies gas to Israel, Egypt's state television reported.

It was not immediately clear what impact Saturday's blast had on gas flows.

"Saboteurs took advantage of the security situation and blew up the gas pipeline," a state television correspondent reported, saying there was a big explosion.

He also blamed the blast on"terrorists".

Residents in the area also reported a huge explosion and said flames were raging in an area near the pipeline in the El-Arish area of north Sinai.

Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 5, 2011 7:38
Breaking News
Egyptian state TV reports a 'terrorist attack' on oil pipeline in north Sinai area - NBC News

If this is confirmed, then oil is off to the races.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 4, 2011 10:57
In Thread: EUR
Exactly, Chinese march of a billion will happen between 2012 and 2014. Patience.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 4, 2011 10:40
In Thread: EUR
Nice reading for catnip:

Is Egypt A Preview of 2015 America?
http://inflation.us/egyptpreviewamerica.html
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 4, 2011 9:57
You mean phsycists are charlatans? Einstein and Hawking are charlatans? :)))
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 4, 2011 9:40
Cold fusion is possible but currently not economically viable.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 13:42
In Thread: EUR
And now it will be a textbook squeeze if they again push the euro above 3750.
These algos and the guys behind them always want to fool as many people as possible.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 13:38
In Thread: EUR
The bots targeted the stops at 3700.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 12:17
In Thread: EUR
"If US defaults USDx will explode. Why?"

This is the same as saying:
If Dubai defaults, its bonds will explode.

Catnip, enough is enough. I see no point in discussing with you further, cause you seem to be living in a imaginary world. Good luck to you and your forecasts.