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Tag: Midstream
SUMED

Oil shipments through Egypt’s SUMED pipeline hit 18-month high in November

Posted: December 9, 2021 at 12:29 pm   /   Oil & Gas

Sumed’s oil shipments at their highest in November since May 2020, with north of 700k bbl/d of crude flowing out of the pipeline last month, data compiled by Bloomberg shows. Although this is the highest level since May 2020, it remains 150k bbl/d below pre-pandemic levels. This uptick comes 18 months after shipment activity had […]

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Snam

Snam buys 25% stake in EMG Gas Pipeline from Thai company PTT

Posted: December 5, 2021 at 9:52 am   /   Oil & Gas

Italy’s Snam steps into the EastMed: Italian energy company Snam has bought Thai investor PTT Energy Resources’ 25% stake in the the East Mediterranean Gas Company for USD 50 mn. EMG is the owner of the Arish-Ashkelon gas pipeline which Israel uses to ship gas to Egypt, the company said in a statement. The stake purchase marks the […]

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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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Wintershall Dea

Wintershall Dea’s Q1 2021 Results: Record production, strong financial performance

Posted: April 27, 2021 at 10:57 pm   /   Oil & Gas

Wintershall Dea, Europe’s leading independent gas and oil company, today reported its first quarter 2021 results. Mario Mehren, Wintershall Dea Chairman & CEO, commented: “We entered 2021 with a great deal of operating momentum, allowing us to deliver record production of 659 mboe/d in the first quarter. This strong operational performance combined with a more […]

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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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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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