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Tag: Idku
Bloomberg Quint

Global investment firms interested in funding Cyprus-Egypt gas pipeline

Posted: October 11, 2018 at 2:11 pm   /   Oil & Gas

Four financial firms in contact with Cyprus govt on pipeline. Pipe would transport Cyprus gas to Shell’s LNG plant in Egypt. Four major investment firms expressed interest in financing the construction of a pipeline that would transport natural gas from Cyprus to Egypt, according to a Cypriot official involved in the country’s energy sector. The […]

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Idku

Egypt completes return to LNG exporting nation status

Posted: September 15, 2018 at 8:03 pm   /   Oil & Gas

Idku restarted loading LNG export cargoes in 2016 and the pace of activities at the terminal has been increasing steadily ever since. Egypt’s Ministry of Petroleum and Union Fenosa Gas (UFG), the operator of the Damietta LNG project in the Nile Delta, have agreed to restart exports from the plant. Idku, the second of Egypt’s […]

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LNG-Plant-Idku

Shell exporting 250 mmcf/d of gas at Idku LNG plant – sources

Posted: September 10, 2018 at 1:01 pm   /   Oil & Gas

Royal Dutch Shell’s Idku liquefaction plant is reportedly processing 250 mmcf/d of natural gas, compared to 150 mmcf/d last year, sources close to the matter said yesterday. Shell and the Oil Ministry had agreed back in 2016 to gradually ramp up production at the Idku LNG plant. Egypt has plans to link one of its […]

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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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