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Tag: EGAS

Rosneft signs master LNG deal with EGAS & to cooperate in educational projects with Egypt

Posted: August 29, 2015 at 2:36 pm   /   Oil & Gas

Rosneft has announced that it is to enter a master LNG supply and purchase agreement with EGAS, and is to cooperate in educational projects with the Egyptian Ministry of Petroleum. ROSNEFT AND EGAS SIGNED MASTER LNG SUPPLY AND PURCHASE AGREEMENT Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company […]

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BW Gas to provide Egypt with floating LNG terminal – EGAS

Posted: August 3, 2015 at 9:18 pm   /   Oil & Gas

Singapore-based Norwegian gas shipping company BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract, state company EGAS said on Monday, as the government grapples with energy shortages. The deal is worth about $60 million per year, Oil Minister Sherif Ismail told Reuters. Once an energy exporter, […]

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Russia's Rosneft signs two energy import deals with EGPC & EGAS

Posted: July 8, 2015 at 8:11 pm   /   Oil & Gas

Egypt and Russia’s top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied natural gas to Cairo, the two sides said on Tuesday. The oil ministry said in a statement the deals include the supply of benzine and bitumen, as well as 24 LNG cargoes for state gas […]

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Egypt raises gas price paid to Italy's Eni and Edison – EGAS official

Posted: July 6, 2015 at 9:32 pm   /   Oil & Gas

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday. The agreements mark the latest move by Egyptian authorities to improve terms for foreign oil and gas businesses in the hope that more competitive pricing will […]

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PGS confirms signing significant multi-client deal for Egypt

Posted: June 29, 2015 at 9:58 pm   /   Oil & Gas

PGS confirmed that a multi-client agreement covering Egypt’s Western Mediterranean Sea was signed Wednesday 24 June 2015 by Egyptian Natural Gas Holding Company (EGAS) and PGS. Following a competitive tendering process, PGS has been selected by Egyptian Natural Gas Holding Company (EGAS) to supply services related to the largest seismic oil and gas exploration project […]

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EGAS to conduct Mediterranean's largest seismic exploration project

Posted: June 25, 2015 at 9:45 pm   /   Oil & Gas

Egypt’s state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said on Thursday. EGAS said it has signed a deal with Norwegian seismic surveyor PGS to conduct two and three-dimensional scans in the western zone of Egypt’s […]

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Egypt extends Mediterranean gas exploration tender by 2 months, adds four new blocks

Posted: May 27, 2015 at 10:43 pm   /   Oil & Gas

Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said, as the country seeks to boost domestic energy production. The bidding period now runs to July 30 and will include 12 offshore concessions instead of eight, the […]

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Höegh Gallant commences commercial operations in Egypt

Posted: May 11, 2015 at 8:32 pm   /   Oil & Gas

Höegh LNG Holdings Ltd. announced that its Floating Storage and Regasification Unit (FSRU) Höegh Gallant successfully completed all performance and commissioning tests on 29 April 2015, and has commenced commercial operations under its five years FSRU contract with EGAS in Egypt. Sveinung J.S. Støhle, President and CEO of HLNG, states in a comment: “We are very […]

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Höegh Gallant Floating LNG Terminal arrives at Ain Sukhna

Posted: April 13, 2015 at 10:07 pm   /   Oil & Gas

The Höegh Gallant floating storage and regasification unit (FSRU) from Norway’s Höegh LNG arrived off Ain Sukhna on the Gulf of Suez. Höegh signed a five-year contract with Egyptian Natural Gas Holding Company (EGAS) in November 2014 to provide the import terminal starting Q2 2015. The Höegh Gallant was built in 2014 by Hyundai Heavy […]

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