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Tag: Glencore

Egypt to award 12-cargo LNG tender to Gas Natural Fenosa, Trafigura, Vitol, Glencore

Posted: November 7, 2017 at 1:03 pm   /   Oil & Gas

Egypt is expected to award its 12-cargo liquefied natural gas (LNG) tender to Spain’s Gas Natural Fenosa and three Swiss-based trading houses for supplies in the first quarter of 2018, trade sources said. The final allocation may change but traders currently expect Egyptian Natural Gas Holding (EGAS) to award the Spanish gas company five shipments, […]

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Third-party traders: Qatar turns down new LNG deals with Egypt

Posted: July 27, 2017 at 1:38 pm   /   Oil & Gas

Qatar has turned down several requests by third-party traders to make fresh liquefied natural gas (LNG) supplies available to Egypt, raising concerns that a diplomatic row between the countries may curb regional energy trade, sources said. Top LNG producer Qatar supplies around 60 percent of Egypt’s LNG but relations suffered after Saudi Arabia, the United […]

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EGAS eyes 100 LNG cargoes in 2017

Posted: December 29, 2016 at 1:18 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) has reportedly set sights on 100 LNG cargoes for 2017 to cover the country’s demand for natural gas. Sources told Reuters that Egypt will pay around US$2.2 billion for LNG to be imported in 2017. It was reported in November that EGAS secured 60 cargoes for delivery in […]

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Bloomberg: Rosneft snaps up stake in Eni’s giant Egyptian gas discovery

Posted: December 13, 2016 at 12:22 am   /   Oil & Gas

• Company buys 30% of Shorouk concession, has option for 5% more. • Russian energy producer values deal at as much as $2.8 billion. Rosneft PJSC agreed to buy as much as 35 percent of a natural-gas project off Egypt, joining Eni SpA and BP Plc in the largest discovery in the Mediterranean Sea. The […]

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Glencore comes out top as Egypt awards mega LNG tender followed by Trafigura

Posted: November 29, 2016 at 7:15 pm   /   Oil & Gas

•  EGAS awards mega tender, taking mainly 2017 cargoes. •  Glencore emerges as top supplier, followed by Trafigura. •  Jan-Mar 2017 cargoes priced at about 15 percent to crude. •  Remainder of 2017 cargoes priced lower as fundamentals expected to weaken. Egypt will import around 60 cargoes of liquefied natural gas (LNG) next year and […]

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