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Tag: Midstream
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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Egypt

Location, infrastructure to turn Egypt into regional energy hub – Xinhua

Posted: October 9, 2018 at 2:55 pm   /   Electricity & Power, Oil & Gas

News Analysis: Strategic location, improved infrastructure to turn Egypt into regional energy hub. With Egypt’s strategic location and improved infrastructure, the North African country is becoming a regional hub for energy trade, said experts. “Egypt has all the conditions needed to turn into a regional hub for energy trade. It has a very unique location […]

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LNG Carrier

Egypt halts gas imports after final LNG cargoes arrived

Posted: September 30, 2018 at 1:27 pm   /   Oil & Gas

Egypt will stop importing natural gas after its final liquefied shipments arrived last week, Petroleum Minister Tarek El Molla said on Saturday. Earlier this year El Molla said Egypt would stop importing liquefied natural gas (LNG) by the end of the 2017/18 fiscal year as it speeds up production at recently discovered gas fields. “With […]

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LNG Suez Canal

Suez Canal increases discount for LNG carriers by 15%

Posted: September 29, 2018 at 12:27 pm   /   Oil & Gas

Suez Canal chases US LNG export cargoes: Egyptian waterway offers hefty rebate for gas carriers sailing non-stop from America to Asia. The Suez Canal has laid down the gauntlet to the Panama Canal in the chase for transits by LNG carriers carrying US LNG exports. The Suez Canal Authority has decided to increase the port fee discount […]

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EMG

Noble, Delek, EMG strike $518 million gas pipeline deal

Posted: September 29, 2018 at 12:17 pm   /   Oil & Gas

Noble Energy said it has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egypt. J. Keith Elliott, Noble Energy’s senior vice president, Offshore, stated: “Today’s announcements mark significant steps forward in supplying natural gas from the world-class Tamar and Leviathan fields to regional customers through […]

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Egypt-Cyprus

Egypt, Cyprus sign natural gas pipeline connection agreement

Posted: September 19, 2018 at 12:08 pm   /   Oil & Gas

Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el Molla. Lakkotrypis said the agreement aimed at ensuring the timely and safe development, construction, and […]

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