Egypt to directly award West Mediterranean O&G exploration rights
Egypt will directly award contracts for oil and gas exploration blocks in the Western Mediterranean to companies equipped to drill in deep water, Oil Minister Tarek El Molla told CNBC Arabia. The government plans to offer some concessions through bid rounds, but the priority is to select companies with advanced technology to drill in the […]
Shell submits proposal to sell natural gas to the Egyptian local market
Shell Egypt wants to sell natgas to the local market: Shell Egypt has submitted a request to the Gas Regulatory Authority to allow it to sell gas to customers in the local market using the national grid, Shell Egypt Deputy Country Chair Moataz Darwish told Al Mal. The process could take years to complete and […]
Egypt triples natural gas exports from Idku LNG plant to 1 bcf/d
Natural gas exports from the Idku liquefaction plant have more than tripled to 1 billion cubic feet/day (bcf/d), up from 300 million cubic feet/day last month, an EGAS source tells the local press. The higher exports came after oversupply issues over the previous three months lessened and international prices stabilized. Exports were slashed by 80% […]
Egypt exported 172 bcf of gas via 45 cargoes from Idku in FY 2018-2019
Egypt exported 172.8 bcf of natural gas in FY 2018-2019 via 45 cargos from Idku. Egypt exported 45 cargos of natural gas carrying a total of 172.8 bcf from the Idku liquefaction plant in FY2018-2019, according to the Egyptian Natural Gas Holding Company (EGAS). Egypt had hoped that returning Idku to full capacity would see […]
EGAS upcoming Bid Round will include 11 Blocks in Egypt’s West Mediterranean
The EGAS upcoming Bid Round will include 11 Blocks in Egypt’s Western Mediterranean. Dr. Samir Rasslan, EGAS vice Chairman for Agreements & Explorations announced on the last day of MOC, that the Egyptian Natural Gas Holding Company (EGAS) will invite Petroleum Exploration Companies for 2020 International Bid Round to explore/exploit for Gas and Crude Oil […]
Production at Shell’s Rashid, Burullus fields rises to 290 mmcf/d in September
Royal Dutch Shell’s natural gas output from the Rashid and West Nile Delta Burullus fields increased to 290 mmcf/d in September from 220 mmcf/d the previous month, an EGAS source told the local press. The company recently linked 80 mmcf/d from a newly-developed well to the natural gas grid, offsetting the field’s natural depreciation. Shell […]
Egypt’s gas exports through Idku LNG plant increase to 750 mmcf/d
The quantities of gas exported through Idku have increased after linking 250 mmcf/day of the Giza and Fayoum fields to the local production: source. The Egyptian Natural Gas Holding Company (EGAS) estimated the quantities of natural gas exported through Dutch Shell’s Idku gas liquefaction plant at 750 million cubic feet per day (mmcf/day) compared to […]
EGAS to offer three LNG shipments from Idku plant in August
State-owned EGAS will offer three LNG shipments from the Idku plant in August, two trade sources told Reuters. One source said that two of the shipments will be offered on a Free On Board (FOB) basis and available for loading 8-10, 17-19 and 21-22 August. (Source: Enterprise.press)
Egypt to offer 11 blocks in West Mediterranean Bid Round by Q1-2020
EGAS plans fresh WestMed gas exploration tender: The Egyptian Natural Gas Holding Company (EGAS) plans to put some 11 natural gas exploration blocks in the western Mediterranean up for auction by 1Q2020, a source from the company told Al Shorouk. EGAS has finalized studies and seismic scans, and is waiting for the Oil Ministry to […]
Egypt offers 13 LNG cargoes for June-July Idku loading – sources
Egypt’s natural gas company (EGAS) has offered up to 13 liquefied natural gas (LNG) cargoes for loading from the Idku plant over June and July, industry sources said on Wednesday. The cargoes were offered through more than one tender and on a free-on-board (FOB) basis, the two sources said. The tenders close on May 19, […]
