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Tag: East Mediterranean
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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LNG

Petroleum Economist: Egypt wears the East Med LNG Crown

Posted: June 22, 2018 at 1:59 pm   /   Oil & Gas

With production rising fast and other East Med countries looking for markets, Egypt is hoping that its LNG plants will soon come into their own. In the context of the Eastern Mediterranean region, mention of liquefied natural gas triggers only one thought: Egypt. The likes of Cyprus, Greece, Israel and Lebanon may spend time considering […]

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East-Med

Delek could invest up to $200 million for access to EMG’s gas pipeline to Egypt

Posted: June 13, 2018 at 2:34 pm   /   Oil & Gas

Israel’s Delek could invest up to USD 200 million to gain access to EMG’s subsea natural gas pipeline to Egypt’s Sinai: Shareholders in Israel’s Delek Group will meet on 1 July to vote on investing USD 200 million to buy the rights to use a subsea pipeline that would allow the company to export natural […]

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ExxonMobil

ExxonMobil eyes Africa expansion opportunities, Egypt tops the list

Posted: May 20, 2018 at 2:34 pm   /   Oil & Gas

ExxonMobil is eyeing expansion opportunities in Africa, now that oil prices are on the rise again, according to the Africa Report. “The company wants to reinvest in Africa, partly to compete against Eni and Total and to not leave them to dominate the continent,” says OCP Policy Center research associate Francis Perrin. “ExxonMobil looks at […]

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East Med

East Mediterranean: How much natural gas are we talking about?

Posted: May 3, 2018 at 1:20 pm   /   Oil & Gas

Quite ceremoniously, and two years after the discovery of the Zohr gas field, the Italian ENI has announced that in 2019, it will put into operation the second gas production plant. “Our recent success strengthens the excellent course of development of the Zohr field, which establishes Egypt’s attempt to stop LNG imports in 2018,” the […]

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Tarek-El-Molla-IGU

Charles Ellinas: Egypt preparing for a gas-rich future

Posted: April 30, 2018 at 3:34 pm   /   Oil & Gas

Egypt is determined to drive and manage its rapidly expanding energy sector and ensure that the new liberalised industry and systems are run on international standards, Egypt’s Petroleum Minister Tarek El Molla has said. Speaking at the International Gas Union (IGU) Workshop in Cairo on April 19, El Molla said his department would put Egypt […]

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