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Tag: LNG
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 […]

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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 […]

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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 […]

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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 […]

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LNG Carrier

Egypt halts gas imports after final LNG cargoes arrived

Posted: September 30, 2018 at 1:27 pm   /   Oil & Gas

Egypt will stop importing natural gas after its final liquefied shipments arrived last week, Petroleum Minister Tarek El Molla said on Saturday. Earlier this year El Molla said Egypt would stop importing liquefied natural gas (LNG) by the end of the 2017/18 fiscal year as it speeds up production at recently discovered gas fields. “With […]

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LNG Suez Canal

Suez Canal increases discount for LNG carriers by 15%

Posted: September 29, 2018 at 12:27 pm   /   Oil & Gas

Suez Canal chases US LNG export cargoes: Egyptian waterway offers hefty rebate for gas carriers sailing non-stop from America to Asia. The Suez Canal has laid down the gauntlet to the Panama Canal in the chase for transits by LNG carriers carrying US LNG exports. The Suez Canal Authority has decided to increase the port fee discount […]

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Bulgaria interested in joining Egypt-Cyprus-Greece gas project

Posted: September 26, 2018 at 5:32 pm   /   Oil & Gas

At a meeting in New York with Egyptian President Abdel Fattah al-Sisi, the Bulgarian Prime Minister Boyko Borissov said that Egypt is Bulgaria’s most important economic partner among the Middle East countries and Africa. Bulgaria accepts Egypt as a potential supplier of natural gas and would benefit from joining its gas project with Greece and Cyprus. […]

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Egypt’s short-term gas production expected to record strong growth

Posted: September 23, 2018 at 1:03 pm   /   Oil & Gas

Fitch Solutions Macro Research expects “strong growth” in gas production in Egypt in the short term, a new report by the company has revealed. “We expect strong growth in gas production in Egypt in the short term as several major offshore development[s] ramp up output over 2018,” Fitch Solutions Macro Research said in the report, […]

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Egypt, Cyprus sign natural gas pipeline connection agreement

Posted: September 19, 2018 at 12:08 pm   /   Oil & Gas

Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el Molla. Lakkotrypis said the agreement aimed at ensuring the timely and safe development, construction, and […]

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Egypt completes return to LNG exporting nation status

Posted: September 15, 2018 at 8:03 pm   /   Oil & Gas

Idku restarted loading LNG export cargoes in 2016 and the pace of activities at the terminal has been increasing steadily ever since. Egypt’s Ministry of Petroleum and Union Fenosa Gas (UFG), the operator of the Damietta LNG project in the Nile Delta, have agreed to restart exports from the plant. Idku, the second of Egypt’s […]

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