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Tag: LNG
Kanfer

EGAS, KANFER Shipping & LETH facilitating LNG bunkering in Suez Canal, Egypt

Posted: August 14, 2022 at 9:18 am   /   Oil & Gas

Egyptian Natural Gas Holding Company (EGAS), Kanfer Shipping (KANFER) and Leth Suez Transit (LETH) are facilitating for a strategic and competitive LNG bunkering hub in the Suez Canal.  EGAS, KANFER and LETH signed an MoU on the 3rd of February 2022 with the purpose of establishing LNG bunkering services in Egypt Mediterranean, the Suez Canal and […]

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Eni QatarEnergy

​Eni partners QatarEnergy in the world’s largest LNG project

Posted: June 20, 2022 at 12:52 pm   /   Oil & Gas

Eni enters the world’s largest LNG project in Qatar: Eni has been selected by QatarEnergy as a new international partner in the North Field East (NFE) expansion project. The Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi, signed the partnership agreement for the creation […]

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LNG

Egypt’s natural gas, LNG export revenues double in first four months of 2022

Posted: June 1, 2022 at 10:39 am   /   Oil & Gas

Egypt’s natural gas and LNG export revenues grew 98% y-o-y in 4M2022 to record USD 3.89 bn, Reuters reports, citing Oil Ministry data it has seen. Meanwhile, our 2021 revenues from natural gas exports jumped 768% y-o-y to USD 3.96 bn, according to the data. The rise comes as the government is pushing to ramp up its exports […]

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TAQA Arabia acquires Rosetta Energy’s LNG Arm to unlock LNG Market growth in Egypt & Africa

Posted: May 16, 2022 at 7:26 pm   /   Oil & Gas

TAQA Arabia, the full-service energy and utility distribution market leader in Egypt, announced the acquisition of Rosetta Energy’s LNG arm to expand its business portfolio in Egypt, Africa and the Middle East. Rosetta is an international energy developer and operator focused on developing the full LNG value chain to supply industrial, commercial, and residential customers […]

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Egypt Eni

Egypt to maximise gas production, LNG exports to Europe following Eni deal

Posted: April 14, 2022 at 1:28 pm   /   Oil & Gas

Italian oil and gas company Eni and Egypt’s EGAS have agreed for the latter to increase the production and supply of gas to Europe. The Chairman of EGAS, Magdy Galal, and the COO Natural Resources of Eni, Guido Brusco, in Cairo on Wednesday signed a framework agreement that will allow maximising gas production and LNG exports. The […]

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LNG-tanker

Will Italian oil giant Eni help boost Egyptian LNG exports to Europe?

Posted: March 20, 2022 at 12:37 pm   /   Oil & Gas

Eni to work with Egypt + others to find alternative gas for Europe: Eni pledged to bring more than 14 trn cubic feet of additional gas to the global market and mitigate Europe’s energy crisis by “leveraging established alliances with producing countries,” including Egypt, the Italian energy giant announced in a press release outlining its 2022-2025 strategy. This […]

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Gas-LNG

LNG carriers will pay full rate to transit the Suez Canal starting today

Posted: March 16, 2022 at 9:25 pm   /   Oil & Gas

LNG carriers will pay the full rate to transit the Suez Canal starting today, the Suez Canal Authority (SCA) announced yesterday. SCA chief Osama Rabie said in a televised interview last night that the move came amid rising demand for natural gas. Vessels transporting natural gas had enjoyed a 25% reduction in transit fees, a figure that […]

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Gas-LNG

Suez Canal Authority to reduce discount for LNG carriers by 10%

Posted: October 27, 2021 at 7:56 pm   /   Oil & Gas

LNG carriers crossing the Suez Canal will only be getting a 15% cut to transit fees starting 1 November, down from 25% previously, according to a circular the Suez Canal Authority released yesterday. The decision to effectively hike fees for LNG carriers comes amid the global shortage of natural gas, which has sent prices to a 13-year high last month, […]

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EMGF

President Sisi ratifies the East Mediterranean Gas Forum (EMGF)

Posted: September 5, 2021 at 2:44 pm   /   Oil & Gas

The final step to setting up the East Mediterranean Gas Forum (EMGF) and its Cairo HQ was cleared on Thursday after President Abdel Fattah El Sisi ratified its founding charter, per the Official Gazette. The regional organization officially came into being in March, after its founding members signed the charter in September last year. About the forum: Headquartered in Cairo, the forum […]

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LNG

Lithuania’s Klaipėda LNG terminal receives first cargo from Egypt

Posted: May 6, 2021 at 2:06 pm   /   Oil & Gas

Lithuania’s Klaipėda LNG terminal expects to receive approx. 138,000 cubic metres of LNG for the first time from Egypt. LNG carrier LNG Fukurokuju, built in 2016 and currently sailing under the flag of the Bahamas, is to deliver the cargo from Idku natural gas liquefaction plant in Egypt. The Lithuania LNG terminal, operated by KN […]

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