Newsletter subscribe
Tag: LNG
Rosneft

Rosneft applies for natural gas import license in Egypt

Posted: December 2, 2018 at 1:11 pm   /   Oil & Gas

Russian energy giant Rosneft has begun the process of acquiring a license to import natural gas, sources told Al Mal on Thursday. The company has apparently received preliminary approval from the government to form a JV with a local entity for the activity, they added. If true, the move indicates that not only is the […]

No Comments read more
LNG-Plant-Idku

Shell exporting 300 mmcf/d of natural gas from Idku LNG plant

Posted: November 12, 2018 at 1:25 pm   /   Oil & Gas

Shell processing 300 mmcf/d of gas at Idku liquefaction plant – sources: Royal Dutch Shell’s Idku liquefaction plant is reportedly processing 300 mmcf/d of natural gas, compared to 250 mmcf/d last month, sources close to the matter said yesterday. Natural gas earmarked for exports also increased by around 50 mmcf/d due to lower local consumption levels […]

No Comments read more
Minister

Egypt to become East Mediterranean energy trading center – El Molla

Posted: October 30, 2018 at 4:37 pm   /   Oil & Gas

Egypt is working to become a regional center for trading energy in the Eastern Mediterranean region during the upcoming period through the exploitation of its strong infrastructure, Minister of Petroleum Tarek El-Molla said. El Molla announced Egypt’s readiness to cooperate with other countries in the region to receive gas, and then liquefy it and to […]

No Comments read more
Damietta

Eni, Naturgy in advanced talks over re-opening Damietta LNG facility in Egypt

Posted: October 28, 2018 at 3:00 pm   /   Oil & Gas

Eni-Naturgy JV looking to re-launch operations at Damietta LNG facility in 2019: Italy’s Eni and its Spanish partner Naturgy are in “advanced talks” to re-launch operations at their Damietta LNG facility in 2019, Eni’s CFO Massimo Mondazzi said on Friday, according to Reuters. The World Bank’s International Centre for Settlement of Investment Disputes had ordered Egypt […]

No Comments read more
LNG Cargo

Egypt LNG cargo on its way to UK’s Dragon terminal

Posted: October 25, 2018 at 11:36 am   /   Oil & Gas

The UK’s Dragon liquefied natural gas (LNG) terminal is scheduled to receive a cargo of the chilled fuel from Egypt next week. Maran Gas Maritime’s newbuild, the 173,400-cbm Maran Gas Spetses is expected to arrive at the Dragon LNG facility in the Port of Milford Haven on October 31, according to the port’s shipping data. […]

No Comments read more

End of an era: The Höegh Gallant leaves Egypt, sets U.S. destination

Posted: October 21, 2018 at 1:49 pm   /   Oil & Gas

The Höegh Gallant floating storage regasification unit (FSRU), until recently the final critical link in Egypt’s natural gas import chain, left Egypt on Thursday, ending an era of gas imports and ushering Egypt’s re-emergence as a regional gas export hub. The FSRU set course for the US Sabine Pass production facility, according to Reuters. Höegh […]

No Comments read more
Hoegh Gallant

Egypt, Höegh LNG rework FSRU Gallant contract

Posted: October 16, 2018 at 4:26 pm   /   Oil & Gas

Höegh, EGAS rework FSRU Höegh Gallant deal. Höegh LNG said it has decided to amend the Höegh Gallant FSRU time charter with Egypt Natural Gas Holdings Company (EGAS). Under the amended contract, the Höegh Gallant will be chartered as an LNG carrier to a third party, and EGAS will compensate for the rate difference between […]

No Comments read more
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 […]

No Comments read more
Egypt

Location, infrastructure to turn Egypt into regional energy hub – Xinhua

Posted: October 9, 2018 at 2:55 pm   /   Electricity & Power, Oil & Gas

News Analysis: Strategic location, improved infrastructure to turn Egypt into regional energy hub. With Egypt’s strategic location and improved infrastructure, the North African country is becoming a regional hub for energy trade, said experts. “Egypt has all the conditions needed to turn into a regional hub for energy trade. It has a very unique location […]

No Comments read more
LNG

Egypt imported 17 LNG cargoes in Q1 2018-2019 worth $500 million

Posted: October 1, 2018 at 1:28 pm   /   Oil & Gas

Egypt imported 17 shipments of liquefied natural gas (LNG) in the first quarter of fiscal year 2018-2019 worth $500 million, Petroleum Ministry spokesman Hamdi Abdelaziz said on Sunday. Egypt said on Saturday it will stop importing natural gas after its final liquefied shipments arrived last week. The country will save $1.5 billion yearly by no […]

No Comments read more