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Tag: Idku

Shell targets exporting liquified gas through Idku plant every 20 days

Posted: September 29, 2016 at 3:43 pm   /   Oil & Gas

Royal Dutch Shell exported a shipment of liquefied gas to world markets through Idku, a liquefaction plant affiliated to Royal Dutch Shell, in mid-September after receiving about 200m cubic feet per day from the Burullus field gas production. A senior source in the petroleum sector told Daily News Egypt that Shell aims to export a […]

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Major LNG exports by Egypt seen unlikely

Posted: September 23, 2016 at 2:25 pm   /   Oil & Gas

Even as production of natural gas rebounds next year, Egypt will have difficulty recovering its role as a steady exporter of LNG, says Facts Global Energy (FGE), London. The country’s production fell below 4 bscfd in July from 6 bscfd in 2009 but will reverse course as major developments start coming on stream. FGE cites: […]

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Shell and Egypt agree on repricing of Phase 9C gas

Posted: September 17, 2016 at 1:32 pm   /   Oil & Gas

Shell and Egypt’s Ministry of Petroleum and Mineral Resources have reached an agreement on gas procing for one of Shell’s fields in the North African country. The two parties agreed to re-price gas produced in phase 9C from Burullus field, which came to Shell when it acquired BG. The repricing pegs phase 9C at the […]

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Egypt: The Eastern Mediterranean's Next Natural Gas Hub?

Posted: September 7, 2016 at 12:11 pm   /   Oil & Gas

On Aug. 31, Egypt and Cyprus signed a preliminary deal for an underwater pipeline. For Egypt, the deal is part of a broader strategy to position itself as a hub of energy development and consumption. • The eastern Mediterranean will attract great interest from international oil and natural gas companies over the next decade. • […]

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El-Molla: Idku and Damietta liquefaction plants to operate at full capacity by 2020/2021

Posted: August 7, 2016 at 11:26 pm   /   Oil & Gas

Petroleum Ministry agreed with Shell to adjust the 9B gas prices and export 125m cubic feet daily. The Ministry of Petroleum and Mineral Resources aims to rerun Idku and Damietta factories for liquefaction in their full capacity in order to export gas shipments to global markets by 2020/2021. Petroleum Minister Tarek El-Molla told Daily News […]

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Interfax: All quiet on Egypt’s LNG export front until after 2020

Posted: July 17, 2016 at 8:17 pm   /   Oil & Gas

Industry sources from inside and outside Egypt are confident the country can resume exporting LNG by the end of the decade. However, they have warned that the number of cargoes shipped from Idku will not rise out of single digits per year before then. A source from Egypt’s Ministry of Energy, who wished to remain […]

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Will Israeli natural gas flow in Egypt’s pipelines?

Posted: July 15, 2016 at 4:31 pm   /   Oil & Gas

A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear. In a rare trip, Egypt’s Foreign Minister Sameh Shoukry paid Israel a […]

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Bloomberg: Egypt exports rare LNG cargo to Japan in midst of newfound buying binge

Posted: June 18, 2016 at 4:21 pm   /   Oil & Gas

• Japan’s Tohoku Electric says it buys cargo loaded from Egypt. • Egypt exports second LNG cargo this year after halt in 2015. One of the world’s newest liquefied natural gas importers is again shipping out the fuel. Egypt, which last year began importing LNG to meet domestic demand while halting shipments from two multibillion-dollar […]

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Shell and BG to receive $400 million of dues by end of June

Posted: May 18, 2016 at 12:51 pm   /   Oil & Gas

The $3.2 billion debt is promised to be fully repaid by the end of 2016. Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the […]

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GE appoints Ayman Khattab as President & CEO for Egypt and highlights how GE’s transformation to a Digital Industrial Company can help support Egypt’s growing needs

Posted: April 14, 2016 at 8:12 pm   /   Electricity & Power

• Ayman Khattab appointed as President & CEO for North East Africa, covering Egypt, Libya and South Sudan. • GE’s investments in Egypt reach $340 million highlighting its confidence in the Egyptian market. GE today announced the appointment of Ayman Khattab, an Egyptian national, as the President and Chief Executive Officer for Egypt, Libya and […]

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