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Tag: LNG
LNG

Suez Canal reduces its LNG carrier transit fees for a three-month period

Posted: April 6, 2020 at 12:45 pm   /   Oil & Gas

Suez Canal cuts LNG carrier tolls: Suez Canal Authority has decided to adjust the rates for LNG carriers for a three-month period starting April 1.  The authority noted that the liquefied natural gas tankers crossing the Suez Canal will see the regular transit fee cut from 25 to 30 percent. In addition, LNG carriers, loaded […]

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East Med

Eastern Mediterranean Gas: What Prospects for the New Decade? ISPI Opinion

Posted: March 10, 2020 at 9:58 pm   /   Oil & Gas

This Commentary Piece by Simone Tagliapietra was originally published by ISPI (Italian Institute for International Political Studies). The last decade has seen the eastern Mediterranean region become a hotspot of the global natural gas industry, attracting increasing attention from multiple stakeholders also as a result of its high geopolitical stakes. Notwithstanding this momentum, progress has […]

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spplatts-east-mediterranean

Infographic: East Med gas; monetization efforts pick up amid regional standoff – S&P Global Platts

Posted: March 8, 2020 at 1:38 pm   /   Oil & Gas

The East Mediterranean is home to numerous major gas finds, with key players seeking routes to market via gas pipeline pacts and establishment of the East Mediterranean Gas Forum (EMGF). Tensions in the region are increasing, however, as Turkey moves to drill in blocks licensed by Cyprus and the EU imposes sanctions against Turkey’s TPAO […]

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Eni

Eni is seeking to export Zohr gas through Damietta LNG plant in 2020

Posted: March 8, 2020 at 1:08 pm   /   Oil & Gas

Italian Eni seeks to start exporting some of its share in the Zohr deep-water gas field in the Mediterranean through the Damietta liquefaction plant this year. A source in the petroleum sector told Daily News Egypt that the Italian company has increased its stake in the Damietta liquefaction plant to 50% from 26%, after it […]

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Naturgy

Spain’s Naturgy reaches agreement to exit Union Fenosa Gas JV with Eni

Posted: March 1, 2020 at 9:07 pm   /   Oil & Gas

Spain’s Naturgy is pulling out of its Egypt operations, allowing liquefaction operations at Damietta LNG plant to begin again: Italy’s Eni and Spain’s Naturgy have reached an agreement with the Egyptian government that will see Naturgy exit Union Fenosa Gas (UFG), its joint venture with Eni, according to statements from Naturgy and Eni. The agreement […]

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Damietta

Eni reaches agreement allowing the restart of Damietta LNG plant in Egypt

Posted: February 29, 2020 at 1:10 pm   /   Oil & Gas

Italian energy major Eni signed a series of agreements with paving the way for the restart of the Damietta liquefaction plant in Egypt by June 2020. Eni reaches agreement with partners to amicably resolve the disputes affecting Union Fenosa Gas allowing the restart of the Damietta liquefaction plant in Egypt. Eni has signed a series […]

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East Med

Egypt’s push to become East Mediterranean gas hub – Reuters FactBox

Posted: January 19, 2020 at 3:25 pm   /   Oil & Gas

Egypt began importing gas from Israel’s largest offshore gas field, Leviathan, on Wednesday, a step Cairo hopes will help it become a regional energy hub. Rapid growth in Egypt’s natural gas supplies, boosted by the discovery of the Mediterranean’s largest field, turned it from a net importer to exporter in late 2018. ISRAEL DEAL Egypt’s […]

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Shell

Shell submits proposal to sell natural gas to the Egyptian local market

Posted: January 8, 2020 at 1:10 pm   /   Oil & Gas

Shell Egypt wants to sell natgas to the local market: Shell Egypt has submitted a request to the Gas Regulatory Authority to allow it to sell gas to customers in the local market using the national grid, Shell Egypt Deputy Country Chair Moataz Darwish told Al Mal. The process could take years to complete and […]

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Idku

Idku LNG plant reaches full export capacity for first time in six years

Posted: December 15, 2019 at 1:07 pm   /   Oil & Gas

The Idku liquefaction plant has reached its full export capacity of 1.1 bcf/d for the first time since 2013, a source at state gas company EGAS told the local press. Exports have surged from 300 mmcf/d in October to 1 bcf/d last month as international prices rose in response to weakening oversupply. (Source: Enterprise.press)

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East Med Gas

The Challenges Facing Eastern Mediterranean Gas, by Amira El-Mazni

Posted: November 26, 2019 at 2:18 pm   /   Oil & Gas

Gas has been discovered in the East Mediterranean for a decade, yet most remain undeveloped. This article reviews these discoveries and share some risks & various technical, commercial & political challenges facing their full development. Ever since the discovery of “Tamar” and “Leviathan” gas reserves within the Israeli EEZ, “Aphrodite” within the Cypriot EEZ, the […]

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