EGAS awards contracts for 11 LNG shipments between June and August
Trafigura, Royal Dutch Shell, Rosneft, and PetroChina were awarded tenders to supply EGAS with a total of 11 LNG shipments between the months of June and August, sources told Al Borsa. Trafigura is supplying five shipments, followed by Shell with three, Rosneft with two, and PetroChina with one. As previously reported, EGAS has issued a […]
5 companies call for licences to import gas from EGAS
Licensing of two companies to take place over next two months, says Amira El-Mazni, Assistant Vice Chairperson at the Egyptian Natural Gas Holding Company (EGAS). El-Mazni said that the number of companies applying for licences to import natural gas from abroad increased to five companies. El-Mazni told Daily News Egypt that four companies applied to […]
Egypt's tender for third FSRU draws interest from four firms
Egypt’s tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four international firms, an Egyptian official told Reuters on Wednesday. Once a net energy exporter, Egypt began imports of liquefied natural gas (LNG) last year and has leased two FSRUs already to help avert power shortages caused by falling […]
Petrobel to add 70 mcf/d of gas production from DEKA offshore field
Eni and BP JV in Egypt, Petrobel, said it is adding 70 mcf/d to its production in August from the DEKA offshore field, sources at EGAS told Al Borsa. Petrobel is bringing one new well at DEKA onstream, which will make up for the natural production decline rate in Egypt, the source explained. The DEKA […]
EGAS to defer 45 LNG shipments to next fiscal year
EGAS plans to defer the deliveries of over 45 LNG shipments signed with companies and nations including Oman and Russia to the 2017-18 fiscal year. EGAS is targeting importing 110-120 shipments of LNG in the 2017-18 fiscal year and has begun drawing up a timetable for the shipments, according to an EGAS sources. The source […]
Will Israeli natural gas flow in Egypt’s pipelines?
A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear. In a rare trip, Egypt’s Foreign Minister Sameh Shoukry paid Israel a […]
Zohr's second well indicators revealed larger gas reserves – EGAS source
The primary indicators of Zohr field’s second well, developed by Italian company Eni, show an increase in gas reserves owing to the discovery of a gas-carrying layer that is larger than that found in the first well. These results indicate an increase in production to 250m cubic feet per day compared to the initial test […]
EGAS source: Zohr estimated reserves revised up to 32 tcf from 30 tcf
Estimated gas reserves at the Zohr field have been revised up to 32 tcf (trillion cubic feet) from an initial estimate of 30 tcf, a source at EGAS told Al Borsa. Eni is currently drilling its fifth appraisal well, out of six wells planned for the first phase of the project. The source said each […]
Saipem awarded EPCI contract for Zohr offshore field development
Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros. The most significant contract relates to the Field Development Project for the “supergiant” Zohr gas field, located off the Egyptian coast in the Mediterranean sea. Petrobel has awarded Saipem an Engineering, Procurement, Construction […]
EGAS announces completion of drilling of fourth well in Egypt's giant Zohr gas field
Egyptian Natural Gas Holding Company – EGAS finished drilling fourth well in Zohr gas field in Mediterranean Sea, Chairman Mohamed El Masry said Saturday. EGAS is committed to the determined drilling schedule of the Italian oil company Eni, the head stated. He added that finishing drilling works at the fourth well is set to accelerate […]