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Tag: East Mediterranean
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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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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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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Egypt’s regional energy hub goal approaches with EU MoU

Posted: April 26, 2018 at 4:34 pm   /   Electricity & Power, Oil & Gas

Egypt’s Prime Minister Sherif Ismail witnessed on Monday the signature of a Memorandum of Understanding (MoU) for strategic partnership on energy between Egypt and the EU. This MoU was signed by Minister of Electricity, Mohamed Shaker; Minister of Petroleum, Tarek al-Molla and EU Commissioner for Climate Action and Energy, Miguel Arias Cañete, who is on […]

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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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eu egypt mou

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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