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Tag: Idku
LNG

Petroleum Economist: Egypt wears the East Med LNG Crown

Posted: June 22, 2018 at 1:59 pm   /   Oil & Gas

With production rising fast and other East Med countries looking for markets, Egypt is hoping that its LNG plants will soon come into their own. In the context of the Eastern Mediterranean region, mention of liquefied natural gas triggers only one thought: Egypt. The likes of Cyprus, Greece, Israel and Lebanon may spend time considering […]

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LNG-Plant-Idku

Idku, Damietta gas export plants to run at full capacity by end of 2019?

Posted: May 18, 2018 at 2:48 pm   /   Oil & Gas

“The start of the third production unit at Egypt’s giant Zohr offshore gas field earlier this week, the country’s need for LNG imports is rapidly drawing to a close,” LNG World Shipping writes. It’s a good dive into recent developments in the field. The bottom line: LNG imports are on track to phase out by […]

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Idku

Zohr brings turnaround in Egypt’s LNG fortunes

Posted: May 18, 2018 at 2:41 pm   /   Oil & Gas

With the start of the third production unit at Egypt’s giant Zohr offshore gas field earlier this week, the country’s need for LNG imports is rapidly drawing to a close. Production at Zohr, which only began in December 2017, now stands at 1.1Bn ft3 per day (bcfd). Eni, the operator of the Zohr field, along […]

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UK to receive LNG cargo from Shell's Idku plant in Egypt

Posted: April 3, 2018 at 4:26 pm   /   Oil & Gas

UK to get LNG cargo from Egypt: The United Kingdom is expected to receive a cargo of liquefied natural gas (LNG) from the Shell-operated Idku liquefaction plant in Egypt, according to the port data. The 161,870-cbm Maran Gas Apollonia, owned by Maran Nakilat and chartered by the Hague-based LNG giant Shell, is expected to dock […]

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Egypt, Cyprus to link Aphrodite gas field with Idku, Damietta LNG plants

Posted: March 25, 2018 at 7:10 pm   /   Oil & Gas

Egyptian and Cypriot officials have succeeded in setting the terms of the gas pipelines construction deal, while the European Union (EU) is expected to confirm its preliminary approval within a few weeks. Cyprus’ Energy Minister Yiorgos Lakkotrypis said: “Turkey’s provocations” will not abstain Cyprus from maintaining its gas exploration, according to Associated Press (AP). Talks […]

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Shell nearing $25 billion deal that would see Egypt become an East Med gas export hub?

Posted: March 12, 2018 at 10:47 am   /   Oil & Gas

Is Shell nearing a USD 25 bn agreement that could see Egypt become an East Med gas export hub? Shell is reportedly in talks to buy gas from the Israel’s Leviathan and Cyprus’ Aphrodite gas fields in a USD 25 bn, 10-year agreement, Israel’s Globes reports citing a report from Bloomberg. Shell is looking to […]

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El Molla: Egypt to capitalize on world demand for oil & gas storage, trading

Posted: December 20, 2017 at 1:39 pm   /   Oil & Gas

Egypt aims to be a regional hub for oil and gas trading, Petroleum Minister Tarek El Molla said at an energy conference on Monday. Egypt is working on infrastructure investments that will transform it into a regional hub for oil and gas trading, capitalizing on the needs of various companies to store their petroleum products, […]

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El Molla discusses East Med – Europe gas pipelines with EU Energy Commissioner

Posted: December 6, 2017 at 12:39 pm   /   Oil & Gas

Oil Minister Tarek El Molla discussed increasing energy cooperation with EU Energy Commissioner Miguel Arias Cañete in Brussels yesterday, Al Masry Al Youm reports. Talks included the potential extension of natural gas pipelines between Egypt and Europe, which would see gas sent to liquefaction plants in Egypt before it’s re-exported. Cañete said he would lead […]

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Glimmer of hope for Cyprus to export its natural gas to Egypt

Posted: December 5, 2017 at 7:00 pm   /   Oil & Gas

Cyprus’ gas discovery in Block 12 has remained stranded since 2012 with no outcome in sight. The Aphrodite natural gas field off Cyprus is commercially viable and the field could produce 300 billion cubic feet (BCF) a year, which could be transported to Egypt by pipeline, the partners behind the project said. Texas-based Noble Energy, […]

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Egypt and Cyprus reach preliminary agreement on natural gas pipeline

Posted: December 3, 2017 at 8:01 pm   /   Oil & Gas

Egypt and Cyprus have reportedly reached a preliminary agreement on extending a natural gas pipeline connecting Cypriot fields with liquefaction plant in Egypt’s Idku, a top Oil Ministry official tells Daily News Egypt. The pipeline, which will take about two years to construct, will pump around 700 mcf per day, part of which will be […]

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