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Tag: Midstream
LNG

Shell VP: Egypt to remain low-cost option for East Med LNG exports

Posted: February 17, 2019 at 12:11 am   /   Oil & Gas

Egypt’s Idku and Damietta LNG export plants are likely to remain the low-cost option for East Mediterranean gas producers looking to export, and the process of starting up supplies through Egypt from around the region is one of “normal project development,” Shell country chair and vice president Gasser Hanter said Tuesday. Hanter played down the […]

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Carbon Holdings

Carbon Holdings sponsors Egypt Petroleum Show EGYPS 2019

Posted: February 10, 2019 at 4:59 pm   /   Oil & Gas

Chairman and CEO of Carbon Holdings, Basil El-Baz, will be attending the Egypt Petroleum Show (EGYPS) and will be a key note speaker discussing the petrochemical industry and Egypt’s economy. Carbon Holdings, a mid-to-downstream petrochemical company and catalyst of industrial development in Egypt, announced today that it will participate in and sponsor the 2019 Egypt […]

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Agility

Agility to manage Logistics for Carbon Holdings

Posted: January 27, 2019 at 12:07 am   /   Oil & Gas

Work will support Middle East’s largest petrochemicals complex. Agility, a leading global logistics provider, has signed a memorandum of understanding to manage logistics at Carbon Holdings’ industrial facilities in Egypt, including construction of the new Tahrir Petrochemicals Complex (TPC). Agility will work with Carbon Holdings, a midstream and downstream petrochemical and process industrial plant company, […]

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Idku

Egypt exporting 520 mmcf/d of natural gas from Idku LNG plant – official

Posted: January 6, 2019 at 3:30 pm   /   Oil & Gas

Egypt is currently exporting 520 million cubic feet of liquified natural gas (LNG) per day from its Idku export plant, a petroleum ministry official said on Wednesday. The country had been exporting 300 million cubic feet of LNG, the official said. The gas is exported by Malaysia’s Petronas, Royal Dutch Shell, and Egypt’s two main […]

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Gas Market

Egypt drafts strategy to become East Mediterranean energy hub

Posted: January 3, 2019 at 2:27 pm   /   Oil & Gas

Gov’t puts pen to paper on strategy for Egypt’s EastMed energy hub ambitions: A government committee has drafted a strategy to advance Egypt’s plan to become the premier energy hub in the Eastern Mediterranean region, according to a Cabinet statement. The strategy involves studying and benchmarking similar projects elsewhere, conducting a cost–benefit analysis, and devising […]

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Rosneft

Rosneft applies for natural gas import license in Egypt

Posted: December 2, 2018 at 1:11 pm   /   Oil & Gas

Russian energy giant Rosneft has begun the process of acquiring a license to import natural gas, sources told Al Mal on Thursday. The company has apparently received preliminary approval from the government to form a JV with a local entity for the activity, they added. If true, the move indicates that not only is the […]

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Minister

Egypt to become East Mediterranean energy trading center – El Molla

Posted: October 30, 2018 at 4:37 pm   /   Oil & Gas

Egypt is working to become a regional center for trading energy in the Eastern Mediterranean region during the upcoming period through the exploitation of its strong infrastructure, Minister of Petroleum Tarek El-Molla said. El Molla announced Egypt’s readiness to cooperate with other countries in the region to receive gas, and then liquefy it and to […]

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Damietta

Eni, Naturgy in advanced talks over re-opening Damietta LNG facility in Egypt

Posted: October 28, 2018 at 3:00 pm   /   Oil & Gas

Eni-Naturgy JV looking to re-launch operations at Damietta LNG facility in 2019: Italy’s Eni and its Spanish partner Naturgy are in “advanced talks” to re-launch operations at their Damietta LNG facility in 2019, Eni’s CFO Massimo Mondazzi said on Friday, according to Reuters. The World Bank’s International Centre for Settlement of Investment Disputes had ordered Egypt […]

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LNG Cargo

Egypt LNG cargo on its way to UK’s Dragon terminal

Posted: October 25, 2018 at 11:36 am   /   Oil & Gas

The UK’s Dragon liquefied natural gas (LNG) terminal is scheduled to receive a cargo of the chilled fuel from Egypt next week. Maran Gas Maritime’s newbuild, the 173,400-cbm Maran Gas Spetses is expected to arrive at the Dragon LNG facility in the Port of Milford Haven on October 31, according to the port’s shipping data. […]

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Zarou

Blackstone launches new MENA focused Energy Development Company

Posted: October 9, 2018 at 3:48 pm   /   Oil & Gas, Renewables

Private Equity Funds managed by Blackstone today announced a partnership with an experienced management team, led by Sameh Shenouda, the former Head of Infrastructure Equity Investments at CDC Group, the UK government-owned Development Finance Institution (DFI) , to create Zarou, a company fully owned by Blackstone.  Zarou will develop, finance, construct and operate energy-related projects […]

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