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Egypt chases own energy sources as government struggle to meet demand

Posted: October 24, 2016 at 2:02 pm   /   Oil & Gas

Egypt will boost production of natural gas to 5 billion cubic feet per day in the 2017-2018 fiscal year as the giant Zohr field comes online, but will still also ramp up gas imports to feed a spike in consumption, Oil Minister Tarek El Molla said. Once an energy exporter, Egypt has turned into a […]

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Major LNG exports by Egypt seen unlikely

Posted: September 23, 2016 at 2:25 pm   /   Oil & Gas

Even as production of natural gas rebounds next year, Egypt will have difficulty recovering its role as a steady exporter of LNG, says Facts Global Energy (FGE), London. The country’s production fell below 4 bscfd in July from 6 bscfd in 2009 but will reverse course as major developments start coming on stream. FGE cites: […]

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FSRU BW Singapore hits LNG STS milestone at Egypt's Ain Sokhna Port

Posted: September 15, 2016 at 3:26 pm   /   Oil & Gas

Singapore-based gas shipping giant BW said its FSRU BW Singapore, used as Egypt’s second LNG import terminal in Ain Sokhna Port, has achieved a milestone ship-to-ship (STS) transfer. BW Singapore completed its 50th STS transfer since it started operations in Ain Sokhna in October last year, BW said on Tuesday through its social media channels. […]

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EGAS awards contracts for 11 LNG shipments between June and August

Posted: July 25, 2016 at 12:39 pm   /   Oil & Gas

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 […]

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SUMED and NBE sign $100m loan for Ain Sokhna FSRU pier

Posted: July 21, 2016 at 8:46 pm   /   Oil & Gas

Arab Petroleum Pipelines Company (SUMED) has signed a $100 million loan with the National Bank of Egypt (NBE) to finance the first phase of a project for establishing a new pier in the Ain Sukhna area. The project aims at transporting liquefied gas, as well as storing and transporting diesel for local consumption and export, […]

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Egypt's tender for third FSRU draws interest from four firms

Posted: July 21, 2016 at 8:29 pm   /   Oil & Gas

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 […]

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Will Israeli natural gas flow in Egypt’s pipelines?

Posted: July 15, 2016 at 4:31 pm   /   Oil & Gas

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 […]

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CEO of Snam says Egypt may return to gas exports after Zohr discovery

Posted: July 1, 2016 at 3:18 pm   /   Oil & Gas

• Egypt’s Zohr ‘super-giant’ field discovery seen as a ‘game changer’. • Discovery to make Egypt self-sufficent in meeting its gas demand. Egypt may resume natural gas exports thanks to major discoveries off its shores, according to Snam SpA, Europe’s biggest gas infrastructure company. The findings are “very significant for North Africa” and especially Egypt, […]

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Egypt launches tender for a third Floating Storage & Regasification Unit (FSRU)

Posted: June 30, 2016 at 4:13 pm   /   Oil & Gas

Egypt has launched a tender to hire a third floating storage and regasification unit (FSRU) to import liquefied natural gas (LNG), an official from state-run energy firm EGAS told Reuters. Egypt, a former energy exporter but now net importer due to falling production and rising consumption, began LNG imports last year to help avert blackouts […]

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Egypt stands out in IEA's Africa Gas Outlook

Posted: June 16, 2016 at 9:38 pm   /   Oil & Gas

Both supply and demand average growth rates for African gas will exceed world average growth of 1.5%/yr between 2015 and 2021, forecast the IEA’s 2016 world Medium Term Gas Market Report (MTGMR), released last week. The continent’s gas production and supply is expected to grow by 2.2%/yr on average during that period, driven by Egypt […]

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