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Tag: East Mediterranean
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President Sisi: Egypt to become regional energy hub

Posted: April 26, 2018 at 4:26 pm   /   Electricity & Power, Oil & Gas

President Abdel Fatah al-Sisi stressed Wednesday that Egypt has adopted a comprehensive and ambitious strategy to develop the electricity system in full, Presidential spokesperson Bassam Radi announced. Developing Egypt’s electricity system qualifies it to become a hub for the transfer of electricity between the countries of the region and EU countries in the framework of […]

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Qalaa's Chairman: Egypt is ready to be regional energy hub

Posted: April 25, 2018 at 2:24 pm   /   Oil & Gas

With gas production in full swing across a number of sites in Egypt, the country is ready to become a key exporter of energy in the region and beyond, the chairman and founder of investment firm Qalaa Holdings told CNBC. “In the oil and gas sectors Egypt remains a very important player,” Ahmed Heikal, told […]

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Egypt, EU sign Memorandum of Understanding for energy cooperation

Posted: April 24, 2018 at 1:25 pm   /   Electricity & Power, Renewables

Egypt and the European Union continue to share strong bilateral energy relations as well as an understanding of the opportunities and challenges facing the region. Partnership in the energy sector comes on top of the areas of common interest between Egypt and the EU in view of its importance as a driver of economic growth […]

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Egypt, Cyprus preparing ground for natural gas pipeline

Posted: April 11, 2018 at 7:43 pm   /   Oil & Gas

Cyprus and Egypt will be ready in the near future to sign an agreement on a direct undersea natural gas pipeline from Cyprus’ exclusive economic zone to a liquefied natural gas plant in Egypt, Foreign Minister Nicos Christodoulides said. The minister, visiting Cairo on Tuesday, said: “We believe that there is a bright future for […]

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East Mediterranean natural gas discoveries redefine LNG playing field

Posted: April 3, 2018 at 2:16 pm   /   Oil & Gas

By Mike Corkhill The Eastern Mediterranean is fast becoming a gas hub, with numerous LNG projects, plentiful recent gas finds and likely further discoveries. Newly discovered offshore gas deposits in the exclusive economic zones (EEZs) of Egypt, Israel and Cyprus, coming on top of similar major finds in recent years, are poised to alter the […]

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Egypt: The Next Natural Gas Hotspot

Posted: March 26, 2018 at 2:54 pm   /   Oil & Gas

By Nick Cunningham of Oilprice.com. The Eastern Mediterranean is becoming a major source of natural gas production, and Egypt is at the center of this emerging gas hub. In February, Noble Energy and its partners reached an agreement with the Egyptian company Dolphinus Holdings to sell gas from offshore Israel to Egypt, a deal that […]

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EGAS, Eni planning to ramp up Zohr production ahead of schedule

Posted: March 25, 2018 at 7:30 pm   /   Oil & Gas

EGAS and Eni are planning to bring production at Zohr to maximum capacity ahead of schedule. The two companies are working hard to have the supergiant East-Mediterranean gas field pumping out its full capacity of 2.7 bcf/d ahead of its slated end-2019 deadline, sources close to the matter tell Al Shorouk, adding that output from […]

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El Molla, CEO of SNAM discuss Egypt's regional natural gas hub opportunities

Posted: March 25, 2018 at 7:15 pm   /   Oil & Gas

Minister of Petroleum Tarek el-Molla Thursday conferred with the CEO of the Italian SNAM Company Marco Alverà on opportunities of cooperation in the coming period in light of the increasing oil activities in Egypt and making use of the company’s expertise in implementing an integral program to turn Egypt into a regional hub for trading […]

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Egypt, Cyprus to link Aphrodite gas field with Idku, Damietta LNG plants

Posted: March 25, 2018 at 7:10 pm   /   Oil & Gas

Egyptian and Cypriot officials have succeeded in setting the terms of the gas pipelines construction deal, while the European Union (EU) is expected to confirm its preliminary approval within a few weeks. Cyprus’ Energy Minister Yiorgos Lakkotrypis said: “Turkey’s provocations” will not abstain Cyprus from maintaining its gas exploration, according to Associated Press (AP). Talks […]

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EMGC '18: Eni sees rapid development of East Med natural gas with Zohr

Posted: March 23, 2018 at 5:15 pm   /   Oil & Gas

Opening Day 1 of Gulf Publishing Company’s fifth annual Eastern Mediterranean Gas Conference (EMGC) on March 21 was Yiorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism for the Republic of Cyprus. The Minister welcomed attendees and shared perspectives on energy development in Cyprus and throughout the region. Lakkotrypis’ talk was followed by a keynote […]

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