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Tag: East Mediterranean
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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Minister

Egypt to become East Mediterranean energy trading center – El Molla

Posted: October 30, 2018 at 4:37 pm   /   Oil & Gas

Egypt is working to become a regional center for trading energy in the Eastern Mediterranean region during the upcoming period through the exploitation of its strong infrastructure, Minister of Petroleum Tarek El-Molla said. El Molla announced Egypt’s readiness to cooperate with other countries in the region to receive gas, and then liquefy it and to […]

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Bloomberg Quint

Global investment firms interested in funding Cyprus-Egypt gas pipeline

Posted: October 11, 2018 at 2:11 pm   /   Oil & Gas

Four financial firms in contact with Cyprus govt on pipeline. Pipe would transport Cyprus gas to Shell’s LNG plant in Egypt. Four major investment firms expressed interest in financing the construction of a pipeline that would transport natural gas from Cyprus to Egypt, according to a Cypriot official involved in the country’s energy sector. The […]

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Egypt-Greece-Cyprus

Egypt, Cyprus, Greece to establish an East Mediterranean Gas Forum

Posted: October 11, 2018 at 1:24 pm   /   Oil & Gas

The leaders of Egypt, Greece, and Cyprus agreed yesterday to establish an East Mediterranean Gas Forum, Ittihadiya said. The forum — which will be headquartered in Cairo — will include among its members all countries that produce and import EastMed gas and work to closely coordinate the region’s policies on gas exploration and management to […]

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Egypt

Location, infrastructure to turn Egypt into regional energy hub – Xinhua

Posted: October 9, 2018 at 2:55 pm   /   Electricity & Power, Oil & Gas

News Analysis: Strategic location, improved infrastructure to turn Egypt into regional energy hub. With Egypt’s strategic location and improved infrastructure, the North African country is becoming a regional hub for energy trade, said experts. “Egypt has all the conditions needed to turn into a regional hub for energy trade. It has a very unique location […]

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EMG

Noble, Delek, EMG strike $518 million gas pipeline deal

Posted: September 29, 2018 at 12:17 pm   /   Oil & Gas

Noble Energy said it has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egypt. J. Keith Elliott, Noble Energy’s senior vice president, Offshore, stated: “Today’s announcements mark significant steps forward in supplying natural gas from the world-class Tamar and Leviathan fields to regional customers through […]

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Egypt-Cyprus

Egypt, Cyprus sign natural gas pipeline connection agreement

Posted: September 19, 2018 at 12:08 pm   /   Oil & Gas

Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el Molla. Lakkotrypis said the agreement aimed at ensuring the timely and safe development, construction, and […]

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EMG

Bloomberg: Delek, Noble said to put final touches on EMG gas deal

Posted: August 11, 2018 at 8:46 pm   /   Oil & Gas

Preliminary deal expected to be signed in no more than a month. Agreement would pave the way to implement $15 billion contract. The companies developing Israel’s largest natural gas fields and their Egyptian partner have finalized details of a deal that would give them control over a pipeline to Egypt, according to people familiar with […]

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East Med

Egypt, Cyprus reach agreement on gas pipeline – Cyprus Television

Posted: August 7, 2018 at 3:34 pm   /   Oil & Gas

Cairo and Nicosia have reached an agreement to connect the Aphrodite gas field to liquefaction plants in Egypt, Cyprus state television CyBC said, according to the Cyprus Mail. The agreement will be inked sometime in the fall, CyBC said, citing diplomatic sources. “The agreement has already been given the green light by the EU and […]

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