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Tag: LNG

Bloomberg: Egypt exports rare LNG cargo to Japan in midst of newfound buying binge

Posted: June 18, 2016 at 4:21 pm   /   Oil & Gas

• Japan’s Tohoku Electric says it buys cargo loaded from Egypt. • Egypt exports second LNG cargo this year after halt in 2015. One of the world’s newest liquefied natural gas importers is again shipping out the fuel. Egypt, which last year began importing LNG to meet domestic demand while halting shipments from two multibillion-dollar […]

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Video: Liquefied Natural Gas LNG value chain (ExxonMobil)

Posted: June 16, 2016 at 9:42 pm   /   Oil & Gas

An animation describing the full LNG value chain of production, liquefaction, transportation, and regasification. (Source: ExxonMobil)

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Egypt stands out in IEA's Africa Gas Outlook

Posted: June 16, 2016 at 9:38 pm   /   Oil & Gas

Both supply and demand average growth rates for African gas will exceed world average growth of 1.5%/yr between 2015 and 2021, forecast the IEA’s 2016 world Medium Term Gas Market Report (MTGMR), released last week. The continent’s gas production and supply is expected to grow by 2.2%/yr on average during that period, driven by Egypt […]

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Shearman & Sterling achieves significant victory for EGAS

Posted: June 16, 2016 at 9:00 pm   /   Oil & Gas

Shearman & Sterling has achieved a significant victory on behalf of its client, Egyptian Natural Gas Holding Company (“EGAS”), in a legal battle lasting more than three years. On May 24, 2016, an arbitral tribunal comprised of leading international arbitrators David St. John Sutton (Chairman), Klaus Reichert SC and Professor Laurent Aynès issued an award […]

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EGAS wins case over gas cuts at Damietta LNG plant

Posted: June 14, 2016 at 8:28 pm   /   Oil & Gas

The Paris-based International Court of Arbitration has ruled that Egypt’s state gas board EGAS will not have to pay a $270 million fine related to gas cuts at its foreign-owned liquefied natural gas (LNG) plant, the petroleum ministry said on Tuesday. The Damietta LNG plant filed a complaint with the International Chamber of Commerce in […]

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Video: Royal Dutch Shell plc provides an update on the company and strategy

Posted: June 8, 2016 at 6:51 pm   /   Oil & Gas

Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc, provided an update on the company and strategy on June 7, 2016 during the Shell capital markets day in London, United Kingdom. More information on http://www.shell.com/investor (Source: Shell)

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Orascom & Besix consortium wins $350m SUMED project deal

Posted: May 29, 2016 at 8:00 pm   /   Oil & Gas

A consortium of Egypt’s Orascom Construction (OC) and Belgian Besix Group has won the contract from Arab Petroleum Pipelines Company (SUMED) for the construction of a new pier in Ain Sukhna area of Suez Governorate at an investment of $350 million. Work will start on the project next month and will be completed in a […]

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Infographic: Eastern Mediterranean pipelines (ABO.net)

Posted: May 24, 2016 at 1:06 pm   /   Oil & Gas

The existing pipelines, mostly concentrated in Egypt, Israel, Jordan and Lebanon and those still under construction bring gas to Europe. (Source: ABO.net)

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Egypt's gas projects to increase daily production to 5.5-6 bcf by end of 2019

Posted: May 23, 2016 at 1:59 pm   /   Oil & Gas

Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 bln cubic ft per day. Once an energy exporter, Egypt has turned into a net importer because of declining oil […]

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Rosneft eyes building Hydrocarbon Terminal in Suez Canal Economic Zone

Posted: May 19, 2016 at 2:05 pm   /   Oil & Gas

Rosneft is looking into the possibility of building an oil and gas terminal in Egypt’s Suez Canal Economic Zone, the Russian trade envoy to Egypt said Tuesday. Preparations for talks on the hydrocarbon terminal project between Rosneft and Suez economic zone authorities are underway, he added, noting that in 2015, the Russian trade representation in […]

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