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Tag: LNG

Egypt pens deals to import up to 45 LNG cargoes

Posted: February 4, 2017 at 7:55 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) has reportedly secured between 43 and 45 LNG cargoes for delivery from March until the end of the year. The company signed agreements to import the cargoes from Oman, Russia and France Reuters reports, citing Mohamed al-Masry, the head of EGAS. It was reported last year that EGAS […]

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Egypt to increase gas production up to 50% by mid-2018

Posted: January 28, 2017 at 12:07 pm   /   Oil & Gas

Egypt’s Petroleum Minister Tarek El-Molla said that Egypt is aiming to increase its natural gas production up to 50 percent by mid-2018, as well as completing the infrastructure development projects of Misr Fertilizers Production Company (MOPCO) and The Egyptian Company for Ethylene Production (ETHYDCO) petrochemicals factories. El-Molla’s statement came during his participation in the Egyptian-British […]

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El Molla: Egypt committed to repaying $3.5 billion to foreign oil firms

Posted: January 26, 2017 at 12:11 pm   /   Oil & Gas

Egypt is committed to repaying the $3.5 billion it owes in arrears to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult, Petroleum Minister Tarek El Molla said on Tuesday. “We are committed and we will continue decreasing the numbers as we have done over the […]

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Mediterranean Sea: from gas new opportunities for integration (ABO.net)

Posted: January 20, 2017 at 7:47 pm   /   Oil & Gas

By Costanza Concetti. The new found hydrocarbon resources in the Mediterranean may represent the pretext for long-awaited regional integration. With Eni’s discovery offshore Egypt of the Zohr Field, whose 850 bcm of lean gas make it the largest gas trove in the Mediterranean to date, the Eastern Mediterranean has officially become a viable supply basin […]

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Platts uses Ain Sokhna port as main point for Middle East LNG price marker

Posted: January 17, 2017 at 8:04 pm   /   Oil & Gas

Commodity pricing agency S&P Global Platts will begin assessing prices for liquefied natural gas (LNG) delivered to the Middle East and Pakistan, reflecting growing imports into a region better known as an exporter, the company said on Monday. Demand for LNG in Dubai, Egypt, Jordan, Kuwait and Pakistan has grown close to tenfold since 2010 […]

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Wood Mackenzie: Egypt’s gas market set to undergo major change

Posted: January 13, 2017 at 2:41 pm   /   Oil & Gas

Egypt’s gas market would undergo significant change over the next five years, impacting global LNG market, according to a research by the natural resources consultancy Wood Mackenzie. After five years of falling gas production and switching from a net exporter to a net importer, the new production capacity coming on stream over the next few […]

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Shell to complete repayment of Idku liquefaction plant loan by end of 2017

Posted: January 3, 2017 at 1:33 pm   /   Oil & Gas

Royal Dutch Shell will complete repayment by December 2017 of the second tranche of a USD 2 bn loan issued to BG to build the Idku liquefaction plant, sources told Al Borsa. EGPC agreed to pay USD 480 mn of the first installment due to the Idku plant halting operations in 2012. The Idku plant […]

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EGAS eyes 100 LNG cargoes in 2017

Posted: December 29, 2016 at 1:18 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) has reportedly set sights on 100 LNG cargoes for 2017 to cover the country’s demand for natural gas. Sources told Reuters that Egypt will pay around US$2.2 billion for LNG to be imported in 2017. It was reported in November that EGAS secured 60 cargoes for delivery in […]

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Infographic: The natural gas advance in the Middle East (ABO.net)

Posted: December 24, 2016 at 8:08 pm   /   Oil & Gas

(Source: ABO.net)

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Shell’s Idku plant to increase daily LNG export quota to 250 mcf

Posted: December 14, 2016 at 4:32 pm   /   Oil & Gas

Shell has agreed with the Petroleum Ministry to begin gradually increasing its LNG exports from its Idku liquefaction plant to 250 mcf/d, Al Borsa reported. Shell intends to send out LNG shipments every 20 days, he said, adding that the Idku LNG plant should be operating at full capacity by FY2020-2021. This comes as Shell […]

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