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Tag: Idku

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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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 […]

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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 […]

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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 […]

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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)

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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 […]

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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 […]

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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 […]

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