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Tag: LNG
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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ship-gas

Egypt exported 30 LNG shipments from Damietta, Idku plants in Q1 2021

Posted: April 11, 2021 at 1:30 pm   /   Oil & Gas

Some 30 shipments of liquefied natural gas were reportedly exported from Egypt’s Damietta and Idku liquefaction plants in 1Q2021, with more in the pipeline during April, unnamed industry sources said. Previous press reports had indicated 25 LNG shipments were exported through the Idku terminal alone in the first three months of 2021, suggesting the remaining […]

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Zeebrugge-LNG

First LNG cargo to Europe delivered from Egypt’s Damietta plant

Posted: March 23, 2021 at 11:31 am   /   Oil & Gas

Cargo shipped to Belgium’s Zeebrugge terminal: cFlow Exports from Damietta facility resumed in February Three cargoes loaded from 5 million mt/year plant An LNG cargo from Egypt’s Damietta export facility arrived March 21 into the Belgian import terminal at Zeebrugge, the first cargo to be sent to Europe from Damietta since it resumed operations in […]

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Eni

Eni closes deal with its partners for the restart of Damietta LNG plant

Posted: March 11, 2021 at 12:58 pm   /   Oil & Gas

Eni closes agreement with partners for restart of Damietta liquefied natural gas plant in Egypt and amicable settlement of Union Fenosa Gas disputes. Eni announced today that it has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) […]

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Damietta-LNG

New ownership agreement for Damietta LNG plant to be signed next month

Posted: February 24, 2021 at 1:58 pm   /   Oil & Gas

Dispute that put Damietta LNG in a coma to end next month: It seems possible that the plant will be making regular scheduled shipments starting from next month, as a final agreement to establish a new ownership structure for the Damietta LNG plant is due to be finalized on 15 March, Oil Ministry spokesperson Hamdy […]

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Damietta

Damietta LNG plant restarts production, first cargo lifted – Eni

Posted: February 23, 2021 at 1:58 pm   /   Oil & Gas

The first LNG cargo from the Damietta liquefaction plant in Egypt was successfully produced and lifted. This is the first LNG cargo produced by the terminal after it was shut down in 2012. Such event represents an important milestone in the process to complete the agreement reached on December 1st 2020 aimed at settling all […]

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Suez-Canal

Suez Canal emerges as preferred route for US LNG carriers

Posted: February 4, 2021 at 12:58 pm   /   Oil & Gas

Suez Canal beating out Cape as Panama alternative for US LNG shippers: The Suez Canal in recent weeks has been the preferred shipping route for US LNG carriers heading to East Asia and looking to avoid a highly congested Panama Canal, according to Argus Media. Shippers are finding that the shorter journey offered by Suez […]

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