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Tag: Midstream
spplatts-east-mediterranean

Infographic: East Med gas; monetization efforts pick up amid regional standoff – S&P Global Platts

Posted: March 8, 2020 at 1:38 pm   /   Oil & Gas

The East Mediterranean is home to numerous major gas finds, with key players seeking routes to market via gas pipeline pacts and establishment of the East Mediterranean Gas Forum (EMGF). Tensions in the region are increasing, however, as Turkey moves to drill in blocks licensed by Cyprus and the EU imposes sanctions against Turkey’s TPAO […]

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Eni

Eni is seeking to export Zohr gas through Damietta LNG plant in 2020

Posted: March 8, 2020 at 1:08 pm   /   Oil & Gas

Italian Eni seeks to start exporting some of its share in the Zohr deep-water gas field in the Mediterranean through the Damietta liquefaction plant this year. A source in the petroleum sector told Daily News Egypt that the Italian company has increased its stake in the Damietta liquefaction plant to 50% from 26%, after it […]

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Naturgy

Spain’s Naturgy reaches agreement to exit Union Fenosa Gas JV with Eni

Posted: March 1, 2020 at 9:07 pm   /   Oil & Gas

Spain’s Naturgy is pulling out of its Egypt operations, allowing liquefaction operations at Damietta LNG plant to begin again: Italy’s Eni and Spain’s Naturgy have reached an agreement with the Egyptian government that will see Naturgy exit Union Fenosa Gas (UFG), its joint venture with Eni, according to statements from Naturgy and Eni. The agreement […]

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Damietta

Eni reaches agreement allowing the restart of Damietta LNG plant in Egypt

Posted: February 29, 2020 at 1:10 pm   /   Oil & Gas

Italian energy major Eni signed a series of agreements with paving the way for the restart of the Damietta liquefaction plant in Egypt by June 2020. Eni reaches agreement with partners to amicably resolve the disputes affecting Union Fenosa Gas allowing the restart of the Damietta liquefaction plant in Egypt. Eni has signed a series […]

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Gas

Egypt expected to cut gas prices to factories in 1Q2020, analysts say

Posted: February 4, 2020 at 3:59 pm   /   Oil & Gas

Analysts think the government will cut natgas prices to factories in 1Q2020: Plunging natural gas prices and market oversupply are increasing the likelihood that the Egyptian government will cut gas prices to factories during the first quarter, analysts tell Reuters. The government has already recently lowered prices for certain industries and sources last month claimed […]

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East Med

Egypt’s push to become East Mediterranean gas hub – Reuters FactBox

Posted: January 19, 2020 at 3:25 pm   /   Oil & Gas

Egypt began importing gas from Israel’s largest offshore gas field, Leviathan, on Wednesday, a step Cairo hopes will help it become a regional energy hub. Rapid growth in Egypt’s natural gas supplies, boosted by the discovery of the Mediterranean’s largest field, turned it from a net importer to exporter in late 2018. ISRAEL DEAL Egypt’s […]

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Shell

Shell submits proposal to sell natural gas to the Egyptian local market

Posted: January 8, 2020 at 1:10 pm   /   Oil & Gas

Shell Egypt wants to sell natgas to the local market: Shell Egypt has submitted a request to the Gas Regulatory Authority to allow it to sell gas to customers in the local market using the national grid, Shell Egypt Deputy Country Chair Moataz Darwish told Al Mal. The process could take years to complete and […]

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Energean-DEPA

Energean, DEPA agreement paves way for the operation of EastMed pipeline

Posted: January 2, 2020 at 9:29 pm   /   Oil & Gas

LοI for the Sale & Purchase of 2 BCM per annum: Energean and the Public Gas Corporation of Greece (“DEPA”) have agreed to cooperate to further support the EastMed Pipeline Project.  Ahead of the Intergovernmental Agreement on the EastMed Pipeline, to be signed later today by the Ministers of Cyprus, Greece and Israel responsible for […]

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Idku

Idku LNG plant reaches full export capacity for first time in six years

Posted: December 15, 2019 at 1:07 pm   /   Oil & Gas

The Idku liquefaction plant has reached its full export capacity of 1.1 bcf/d for the first time since 2013, a source at state gas company EGAS told the local press. Exports have surged from 300 mmcf/d in October to 1 bcf/d last month as international prices rose in response to weakening oversupply. (Source: Enterprise.press)

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East Med Gas

The Challenges Facing Eastern Mediterranean Gas, by Amira El-Mazni

Posted: November 26, 2019 at 2:18 pm   /   Oil & Gas

Gas has been discovered in the East Mediterranean for a decade, yet most remain undeveloped. This article reviews these discoveries and share some risks & various technical, commercial & political challenges facing their full development. Ever since the discovery of “Tamar” and “Leviathan” gas reserves within the Israeli EEZ, “Aphrodite” within the Cypriot EEZ, the […]

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