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Tag: East Mediterranean
Egypt-USA

US support for Egypt’s position as East Med regional gas export hub

Posted: September 15, 2019 at 3:30 pm   /   Oil & Gas

US Deputy Energy Secretary Dan Brouillette was in town last Thursday to launch the US-Egypt Strategic Energy Dialogue with Oil Minister Tarek El Molla and the head of the Electricity Holding Company Gaber El Dessouky. Brouillette unveiled details of the initiative, and discussed regional energy issues and Egypt’s role in the East Mediterranean with a […]

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Egypt USA

Egypt and United States of America Launch Strategic Energy Dialogue

Posted: September 15, 2019 at 2:12 pm   /   Oil & Gas

Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla, Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker and U.S. Deputy Secretary of Energy Dan Brouillette launched the U.S.-Egypt Strategic Energy Dialogue, which will facilitate closer government and private sector cooperation on energy between the United States and Egypt. The Strategic Energy Dialogue between the […]

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World Energy Congress

Egypt’s Petroleum Minister: Business over politics in gas-rich East Med

Posted: September 12, 2019 at 7:28 pm   /   Oil & Gas

“I think that energy and, specifically now, gas is very important,” Tarek el Molla told CNBC’s Hadley Gamble at the World Energy Congress in Abu Dhabi on Tuesday. The forum, which aims to establish a regional gas market and offer more competitive prices, was launched earlier this year. It consists of Egypt, Jordan, Israel, Italy, […]

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LNG

NS Energy: Will the LNG market in Egypt realise its potential in 2019?

Posted: August 14, 2019 at 1:16 pm   /   Oil & Gas

After recently becoming a net exporter of LNG, Egypt is looking to take its natural gas market to new heights following a series of key discoveries. The LNG market in Egypt has been mired in uncertainty for much of this millennium but over the course of 2019, it has gradually started gaining traction. A plethora […]

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EMGF

East Med states reiterate need for cooperation during EMGF gas forum

Posted: July 28, 2019 at 2:10 pm   /   Oil & Gas

East Mediterranean states agree they need to step up on developing the regional gas market and incentivize the private sector: Energy ministers from Eastern Mediterranean states vowed to increase cooperation over developing the region’s gas reserves following talks in Cairo last week. Ministers from Egypt, Israel, Cyprus, Greece, Italy, Jordan and the Palestinian Authority met […]

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Cyprus

Egypt, Cyprus gas infrastructure has “significant potential” to draw capital

Posted: July 14, 2019 at 6:44 pm   /   Oil & Gas

Egypt and Cyprus’ gas infrastructure has “significant potential” to draw in capital as part of a drive from Cyprus-based investment firm Cynergy Group to raise a total of USD 10 billion to “consolidate Eastern Mediterranean gas assets,” Cynergy co-founder Mike Germanos tells the National. Cynergy is “setting its sights on Gulf sovereign wealth funds to […]

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LNG

Shell VP: Egypt to remain low-cost option for East Med LNG exports

Posted: February 17, 2019 at 12:11 am   /   Oil & Gas

Egypt’s Idku and Damietta LNG export plants are likely to remain the low-cost option for East Mediterranean gas producers looking to export, and the process of starting up supplies through Egypt from around the region is one of “normal project development,” Shell country chair and vice president Gasser Hanter said Tuesday. Hanter played down the […]

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BR-Result

EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded

Posted: February 13, 2019 at 3:10 am   /   Oil & Gas

Shell wins big in Egypt: Supermajor lands five blocks in latest bid round, while ExxonMobil makes debut. Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. […]

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Gas Market

Egypt drafts strategy to become East Mediterranean energy hub

Posted: January 3, 2019 at 2:27 pm   /   Oil & Gas

Gov’t puts pen to paper on strategy for Egypt’s EastMed energy hub ambitions: A government committee has drafted a strategy to advance Egypt’s plan to become the premier energy hub in the Eastern Mediterranean region, according to a Cabinet statement. The strategy involves studying and benchmarking similar projects elsewhere, conducting a cost–benefit analysis, and devising […]

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Edison

Edison says it has not given up exploration rights in Egypt

Posted: December 20, 2018 at 1:28 pm   /   Oil & Gas

Italy’s Edison says it has not given up oil and gas exploration rights in Egypt: Edison, the Italian oil company that is part of France’s EDF, has denied reports in the domestic press (as noted yesterday) that it has forfeited its right to explore for natural gas in the northeastern Hapi and Theqa concessions. “Edison […]

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