FSRU BW Singapore hits LNG STS milestone in Egypt
BW LNG’s first floating storage and regasification unit (FSRU) has completed its 100th STS transfer on 22 July 2017, the company said in a brief statement through its social media channels. BW Singapore was earlier this year relocated to the port in SUMED from the port of Ain Sokhna. The FSRU started serving as Egypt’s […]
Eni: Egypt's Zohr is 80% complete
The Egyptian Prime Minister Sherif Ismail met today with Eni’s CEO Claudio Descalzi. The meeting focused primarily on the future of Zohr’s mega field and the positive impact it will have on the national energy economy, with CEO Claudio Descalzi outlining the progress being made with the rapid development of the project. Thanks to the […]
Eni’s CEO discusses Zohr gas field development with Egyptian PM
CEO of Italy’s Eni Claudio Descalzi met with the Egyptian Prime Minister Sherif Ismail in Cairo discussing the future of the Zohr gas field and its impacts on the national energy economy. Eni CEO Claudio Descalzi outlined the development of Zohr is 80 percent complete less than two years after the discovery was made. With […]
Jordan exported 560k cubic feet of LNG to Egypt in past four months
Egypt bought 560 thousand cubic feet of LNG from Jordan in the past four months as part of an agreement which would see Egypt import 140 thousand cubic feet of gas per month for 10 months, according to Ahram Gate. Jordan exported about 670 million cubic feet of LNG last year to Egypt, says the […]
EGAS grants preliminary approval for three companies to import natural gas privately
EGAS has granted three unnamed companies preliminary approvals on their requests to import natural gas privately and pump it through the national pipeline network, said EGAS Vice Chairman Amira El Mazni, according to Al Borsa. Five companies had bid to import natural gas privately, including Dolphinus Holdings — rumored to have been in talks to […]
SDX to exit South Ramadan, switch focus to South Disouq in Egypt
AIM-listed player to relinquish South Ramadan asset as it concentrates efforts on South Disouq development. SDX Energy is letting go of an offshore asset in Egypt as the UK-based player looks to concentrate capital in the country on a fast-track gas development in the north. The AIM-listed company held talks this week with its partners […]
Eni’s first half profits soar as Zohr first gas nears
Italian energy company Eni said today that it was on course to meet its exploration target for 2017 and that a lengthy outage of its Val d’Agri field would be offset by efficiency measures and early start-ups on other assets. Eni started production early from three major offshore projects in Angola, Ghana and Indonesia in […]
Egypt targets gas output of 6.2 bcf/d by June 2018
Egypt expects its natural gas production to rise to 6.2 billion cubic feet (bcf) per day by the end of the fiscal year next June from 5.2 bcf/d currently, Petroleum Minister Tarek El Molla told Reuters on Thursday. Once an energy exporter, Egypt became an importer of natural gas after domestic output failed to keep […]
Egypt's booming gas sector means return to self-sufficiency and chance to overcome economic, social problems
Egypt: gas to the rescue A booming natural gas sector means a return to self-sufficiency and a chance to overcome some of Egypt’s economic and social problems. The crews of liquefied natural gas carriers which deliver weekly cargoes to Egypt will soon be taking their last look at Ain Sokhna port on the Red Sea. […]
Egypt’s natural gas output expected to rise 50% in 2018 and double by 2020
Three recently discovered major gas fields are expected to raise Egypt’s natural gas output by 50% in 2018 and 100% in 2020, the petroleum ministry said. “The fields of Zohr, North Alexandria and Nooros are among the most important projects that will increase natural gas production … and will contribute to (Egypt’s) natural gas self-sufficiency […]