Eni looks to establish 10 GW of solar & wind projects in Egypt, boost gas exports to Europe
Eni to go big on Egypt’s renewable energy sector? Eni could establish 10 GW of renewable energy projects in Egypt “in the forthcoming years,” the Italian energy giant said in a statement. The company’s CEO, Claudio Descalzi, “agreed on the opportunity to implement” the solar and wind projects during a meeting with President Abdel Fattah El Sisi […]
Egypt’s natural gas, LNG export revenues double in first four months of 2022
Egypt’s natural gas and LNG export revenues grew 98% y-o-y in 4M2022 to record USD 3.89 bn, Reuters reports, citing Oil Ministry data it has seen. Meanwhile, our 2021 revenues from natural gas exports jumped 768% y-o-y to USD 3.96 bn, according to the data. The rise comes as the government is pushing to ramp up its exports […]
Egypt to maximise gas production, LNG exports to Europe following Eni deal
Italian oil and gas company Eni and Egypt’s EGAS have agreed for the latter to increase the production and supply of gas to Europe. The Chairman of EGAS, Magdy Galal, and the COO Natural Resources of Eni, Guido Brusco, in Cairo on Wednesday signed a framework agreement that will allow maximising gas production and LNG exports. The […]
Will Italian oil giant Eni help boost Egyptian LNG exports to Europe?
Eni to work with Egypt + others to find alternative gas for Europe: Eni pledged to bring more than 14 trn cubic feet of additional gas to the global market and mitigate Europe’s energy crisis by “leveraging established alliances with producing countries,” including Egypt, the Italian energy giant announced in a press release outlining its 2022-2025 strategy. This […]
Lithuania’s Klaipėda LNG terminal receives first cargo from Egypt
Lithuania’s Klaipėda LNG terminal expects to receive approx. 138,000 cubic metres of LNG for the first time from Egypt. LNG carrier LNG Fukurokuju, built in 2016 and currently sailing under the flag of the Bahamas, is to deliver the cargo from Idku natural gas liquefaction plant in Egypt. The Lithuania LNG terminal, operated by KN […]
Egypt exported 30 LNG shipments from Damietta, Idku plants in Q1 2021
Some 30 shipments of liquefied natural gas were reportedly exported from Egypt’s Damietta and Idku liquefaction plants in 1Q2021, with more in the pipeline during April, unnamed industry sources said. Previous press reports had indicated 25 LNG shipments were exported through the Idku terminal alone in the first three months of 2021, suggesting the remaining […]
Siemens Energy provides Sudan grid stabilization for Egypt power export
Siemens Energy provides grid stabilization in Sudan, enabling Egypt power export. Grid stability project to ensure energy security and lower emissions. Grid solution to enable interconnection between Egypt and Sudan. The Egyptian Electricity Transmission Company and the Sudanese Electricity Transmission Company have awarded Siemens Energy with a contract to build grid stabilization stations in Sudan […]
First LNG cargo to Europe delivered from Egypt’s Damietta plant
Cargo shipped to Belgium’s Zeebrugge terminal: cFlow Exports from Damietta facility resumed in February Three cargoes loaded from 5 million mt/year plant An LNG cargo from Egypt’s Damietta export facility arrived March 21 into the Belgian import terminal at Zeebrugge, the first cargo to be sent to Europe from Damietta since it resumed operations in […]
Damietta LNG plant to restart with first cargo in February – S&P Global Platts
Egyptian LNG exports remain strong as Damietta LNG prepares to restart Seven cargoes shipped from Idku so far in January 17 LNG cargoes shipped in Q4 as prices rose Damietta LNG seen loading first cargo on Feb 14 Egyptian LNG exports from the Shell-operated Idku plant — for now the country’s only operational LNG facility […]
Egyptian LNG exports soar on back of rising LNG spot price – S&P Global Platts
Nine cargoes shipped from Shell facility since late-October Exports had dried up in March on low prices before rally JKM Asian LNG spot price trading at $10.05/MMBtu Egyptian LNG exports from the Shell-operated Idku plant — the country’s only operational LNG facility — have been coming thick and fast in recent weeks following a sustained […]
