Newsletter subscribe
Tag: Idku

Egypt, Cyprus to start talks on agreement to construct gas pipeline

Posted: November 21, 2017 at 3:32 pm   /   Oil & Gas

Egypt and Cyprus have agreed to start discussions in December on an agreement to build a gas pipe from a Cypriot natural gas field to take gas to Egypt, Cypriot state radio reported on Monday. It said the agreement came during talks when Egypt’s President Abdel Fattah al-Sisi made an official visit to Cyprus on […]

No Comments read more

Total acquires Engie’s 5% stake in Idku LNG train as part of larger deal

Posted: November 9, 2017 at 4:31 pm   /   Oil & Gas

Total has acquired Engie’s 5% stake in the first train of the Idku LNG project in Egypt as part of a larger transaction worth up to USD 2 billion that also includes other assets in the United States, Africa and Europe, the company said in a statement overnight. The transaction, which should close by the […]

No Comments read more

Egypt's Idku front-running option for East Med Gas

Posted: August 26, 2017 at 2:13 pm   /   Oil & Gas

Source: BMI Research BMI View: In line with our long-held view, the proposition to pipe natural gas from the Leviathan and Aphrodite fields to the Idku LNG plant in Egypt represents the most compelling export scenario for the fields. The Egyptian option is both less politically sensitive and less capital intensive than the alternative scenarios. Royal […]

No Comments read more

EGAS exports 200 mmcf/d of gas through Shell’s Idku plant

Posted: August 15, 2017 at 10:44 pm   /   Oil & Gas

EGAS exports a daily 200 mmcf of gas through Royal Dutch Shell’s Idku liquefaction plant, sources told Al Borsa on Monday. The plant should be increasing its export capacity in the winter to pump around 300 mmcf/d. (Source: Enterprise.press)

No Comments read more

Egypt to cut LNG imports to 80 cargoes as domestic gas output grows

Posted: August 15, 2017 at 9:21 pm   /   Oil & Gas

Egypt is reportedly planning to significantly scale down imports of liquefied natural gas (LNG) in the current financial year as its domestic gas production continues to rise. Egypt aims to import 80 cargoes of the chilled fuel during the 2017-18 financial year that began in July, Reuters reported on Sunday citing the country’s Petroleum Minister […]

No Comments read more
Shell Idku LNG

AllSource Analysis: Shell’s Idku LNG Ramps Up Exports

Posted: July 15, 2017 at 4:22 pm   /   Oil & Gas

Location: Idku, Egypt Coordinates: 31.350964, 30.322333 Date of Report: June 20, 2017 Date of Imagery: March 28, 2017 – June 9, 2017 Overview The liquefaction terminals at Idku represent the only currently operating facilities in Egypt for the export of LNG. Since fall 2016, Egypt’s Petroleum Ministry and Shell, the operator of the facility, have […]

No Comments read more

Shell repays $2 billion Idku loan ahead of schedule

Posted: July 13, 2017 at 1:28 pm   /   Oil & Gas

Royal Dutch Shell repaid the final installment in the second tranche of a USD 2 billion loan issued to BG to build the Idku liquefaction plant ahead of schedule, a statement from the Petroleum Ministry picked up by Al Mal says. The company had said in January that it would complete the payments by December […]

No Comments read more
subsea

Subsea 7 moves through order book

Posted: April 16, 2017 at 1:59 pm   /   Oil & Gas

With fabrication under way for Phase Two on the Giza, Fayoum, and Raven fields, Subsea 7 says the last stage of the offshore campaign is in progress for Phase One of the West Nile Delta project on the Taurus and Libra fields, located in the Egyptian sector of the Mediterranean Sea. The company’s work on […]

1 Comment read more

Mediterranean Sea: from gas new opportunities for integration (ABO.net)

Posted: January 20, 2017 at 7:47 pm   /   Oil & Gas

By Costanza Concetti. The new found hydrocarbon resources in the Mediterranean may represent the pretext for long-awaited regional integration. With Eni’s discovery offshore Egypt of the Zohr Field, whose 850 bcm of lean gas make it the largest gas trove in the Mediterranean to date, the Eastern Mediterranean has officially become a viable supply basin […]

No Comments read more

Shell to complete repayment of Idku liquefaction plant loan by end of 2017

Posted: January 3, 2017 at 1:33 pm   /   Oil & Gas

Royal Dutch Shell will complete repayment by December 2017 of the second tranche of a USD 2 bn loan issued to BG to build the Idku liquefaction plant, sources told Al Borsa. EGPC agreed to pay USD 480 mn of the first installment due to the Idku plant halting operations in 2012. The Idku plant […]

No Comments read more