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Tag: East Mediterranean
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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Cyprus

Egypt, Cyprus to sign Aphrodite gas field pipeline deal

Posted: April 30, 2018 at 3:08 pm   /   Oil & Gas

Egypt aims to sign an agreement with Cyprus to connect the island’s Aphrodite gas field with Egypt, Egypt’s oil minister said on Sunday. Tarek El Molla, speaking at an American Chamber of Commerce in Egypt event in Cairo, also said the country was preparing a bid round for unexplored offshore areas west of the Nile […]

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eu-egypt-forum

Egypt possesses key to future of East Mediterranean energy – El Molla

Posted: April 26, 2018 at 4:38 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek el-Molla said on Tuesday that Egypt and the European Union (EU) signed a memorandum of understanding on cooperation and strategic partnership in the domain of energy. In his speech at the inaugural ceremony of a renewable and sustainable energy forum between Egypt and the EU, he added that […]

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