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Tag: Midstream
LNG

NS Energy: Will the LNG market in Egypt realise its potential in 2019?

Posted: August 14, 2019 at 1:16 pm   /   Oil & Gas

After recently becoming a net exporter of LNG, Egypt is looking to take its natural gas market to new heights following a series of key discoveries. The LNG market in Egypt has been mired in uncertainty for much of this millennium but over the course of 2019, it has gradually started gaining traction. A plethora […]

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Pyramids

Egypt reportedly considering new LNG facility in Sinai for Asian exports

Posted: July 29, 2019 at 3:33 pm   /   Oil & Gas

Egyptian and Israeli authorities are reportedly considering building a USD 15 bn natural gas liquefaction facility on the Red Sea coast in Sinai to drive liquefied natural gas (LNG) exports into Asia from both countries, sources told Israeli business news publication Globes. The facility would eliminate the need for LNG vessels taking off from either […]

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EMGF

East Med states reiterate need for cooperation during EMGF gas forum

Posted: July 28, 2019 at 2:10 pm   /   Oil & Gas

East Mediterranean states agree they need to step up on developing the regional gas market and incentivize the private sector: Energy ministers from Eastern Mediterranean states vowed to increase cooperation over developing the region’s gas reserves following talks in Cairo last week. Ministers from Egypt, Israel, Cyprus, Greece, Italy, Jordan and the Palestinian Authority met […]

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LNG

Egypt’s gas exports through Idku LNG plant increase to 750 mmcf/d

Posted: July 24, 2019 at 1:29 pm   /   Oil & Gas

The quantities of gas exported through Idku have increased after linking 250 mmcf/day of the Giza and Fayoum fields to the local production: source. The Egyptian Natural Gas Holding Company (EGAS) estimated the quantities of natural gas exported through Dutch Shell’s Idku gas liquefaction plant at 750 million cubic feet per day (mmcf/day) compared to […]

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LNG

EGAS to offer three LNG shipments from Idku plant in August

Posted: July 14, 2019 at 6:46 pm   /   Oil & Gas

State-owned EGAS will offer three LNG shipments from the Idku plant in August, two trade sources told Reuters. One source said that two of the shipments will be offered on a Free On Board (FOB) basis and available for loading 8-10, 17-19 and 21-22 August. (Source: Enterprise.press)

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Cyprus

Egypt, Cyprus gas infrastructure has “significant potential” to draw capital

Posted: July 14, 2019 at 6:44 pm   /   Oil & Gas

Egypt and Cyprus’ gas infrastructure has “significant potential” to draw in capital as part of a drive from Cyprus-based investment firm Cynergy Group to raise a total of USD 10 billion to “consolidate Eastern Mediterranean gas assets,” Cynergy co-founder Mike Germanos tells the National. Cynergy is “setting its sights on Gulf sovereign wealth funds to […]

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Oil Tanker

Egypt announces the launch of its first giant oil tanker at Port Said

Posted: June 24, 2019 at 12:51 pm   /   Oil & Gas

Egypt’s Port Said Marine Arsenal for shipbuilding announced the launch of a giant oil tanker in Port Said, calling it the biggest of its kind to be built in the Arsenal, a statement released by the Port Said Marine Arsenal read. In the statement, arsenal chairman engineer Mohamed al-Katbi wrote that the anticipated tanker is […]

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LNG

Egypt allows Eni, BP to export gas through Idku LNG liquefaction plant

Posted: June 10, 2019 at 7:47 pm   /   Oil & Gas

The ministry of petroleum has allowed Eni and British Petroleum (BP) to export gas from Zohr and North Alexandria fields through Idku liquefaction factory in accordance with the development agreements of these projects. A source from the petroleum sector told Daily News Egypt that the government has allowed Eni and BP to export gas after […]

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LNG

Egypt offers 13 LNG cargoes for June-July Idku loading – sources

Posted: May 18, 2019 at 3:02 pm   /   Oil & Gas

Egypt’s natural gas company (EGAS) has offered up to 13 liquefied natural gas (LNG) cargoes for loading from the Idku plant over June and July, industry sources said on Wednesday. The cargoes were offered through more than one tender and on a free-on-board (FOB) basis, the two sources said. The tenders close on May 19, […]

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Carbon Holdings

Interview with Karim Hefzy, Carbon Holdings’ MD of Project Development

Posted: April 10, 2019 at 9:39 am   /   Oil & Gas

How is the Tahrir Petrochemical Complex (TPC) project progressing? When is it expected to come into operation and what will its production capacities be? As we announced in June last year, Tahrir Petrochemical Complex is a circa US$11bn project that will be financed by debt and equity from investors around the world. Since this announcement, […]

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