EastMed pipeline project seeks offshore EPCI players in tender
IGI Poseidon has rolled out a tender for EPCI activities related to offshore sections of EastMed pipeline project. IGI Poseidon is a 50:50 joint venture between Public Gas Corporation of Greece (DEPA) and Edison International Holding. Eastern Mediterranean (EastMed) is a 1,900 kilometers long natural gas pipeline project to connect the gas reserves of the […]
Eni, Naturgy’s deal with Egypt to restart Damietta LNG plant breaks down
The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement reached last month, according to a cabinet statement. Parties to the dispute include Spanish gas firm Naturgy Energy Group, Italy’s Eni, and the Egyptian government. Why does this matter? First, the dispute was closely followed by investors […]
SDX Energy announces successful flow rate test at Sobhi discovery well in Egypt
SDX Energy, the MENA-focused oil and gas company, has provided an update on well-testing operations at the SD-12X (‘Sobhi’; SDX 100% working interest) discovery well in the South Disouq Exploration Permit onshore Nile Delta, Egypt (SDX 55% working interest). The drill stem test (DST) at the Sobhi well began with a step-rate test of one […]
Energean upgrades Karish North reserves, first gas expected 2022
Competent Persons Report certifies 1.2 Tcf (34 Bcm) plus 39 million barrels of gross 2C recoverable resources in Karish North, a 32% uplift on prior estimates. Submission of Field Development Plan Addendum for Karish North: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce the completion […]
Suez Canal reduces its LNG carrier transit fees for a three-month period
Suez Canal cuts LNG carrier tolls: Suez Canal Authority has decided to adjust the rates for LNG carriers for a three-month period starting April 1. The authority noted that the liquefied natural gas tankers crossing the Suez Canal will see the regular transit fee cut from 25 to 30 percent. In addition, LNG carriers, loaded […]
Energean Power FPSO hull sailed away from China to Singapore
Karish Project Update – FPSO Hull Sailaway from China: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announced that its FPSO hull sailed away from the COSCO yard in China on 3 April 2020. The hull will now be towed to the Sembcorp Marine Admiralty Yard […]
Natural Gas Regulatory Authority lowers fees for commercial licenses
Natgas regulator lowers fees for commercial licenses: The Natural Gas Regulatory Authority will charge companies lower fees this year for commercial gas transmission, shipping, distribution, and supply licenses, Al Mal reports, citing an unnamed top government official. The new rates, which are between 22-30% lower, are as follows: USD 0.044/mmBtu for transmission licenses, down from […]
Work continuing at Far East yards on Energean’s FPSO
Energean remains on track to deliver first gas from its Karish project offshore Israel during the first half of next year, the company said in its results statement. Energean remains on track to deliver first gas from its Karish project offshore Israel during the first half of next year, the company said in its results […]
BMI: Why Egypt looks set to be regional leader in electricity for next nine years
Fitch Solutions’ BMI Research Egypt Power report on Egypt’s electricity sector is on track to generate an exportable surplus. The report sees Egypt increasing power generation to 265 terawatt hours (TWh) by 2023 from 231.5 TWh this year. This will allow it to generate a surplus even as domestic demand rises to 234.9 TWh by […]
Eastern Mediterranean Gas: What Prospects for the New Decade? ISPI Opinion
This Commentary Piece by Simone Tagliapietra was originally published by ISPI (Italian Institute for International Political Studies). The last decade has seen the eastern Mediterranean region become a hotspot of the global natural gas industry, attracting increasing attention from multiple stakeholders also as a result of its high geopolitical stakes. Notwithstanding this momentum, progress has […]
