Global oil demand slump hits Egypt’s SUMED pipeline
Egypt’s Sumed oil pipeline is feeling the effects of the global demand slump: Egypt’s Sumed pipeline has recently been operating at only a quarter of its capacity due to a historic slump in global demand for oil and the subsequent production cuts that were introduced in May, data compiled by Bloomberg shows. Flows through the […]
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 […]
Infographic: East Med gas; monetization efforts pick up amid regional standoff – S&P Global Platts
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 […]
Egypt’s push to become East Mediterranean gas hub – Reuters FactBox
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 […]
Energean, DEPA agreement paves way for the operation of EastMed pipeline
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 […]
The Challenges Facing Eastern Mediterranean Gas, by Amira El-Mazni
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 […]
Egypt signs $430m natural gas deal with Noble Energy at Africa Investment Forum
Egypt signs energy accords at conference in new capital. Egypt said it had signed several energy accords at a conference in its partially built new capital on Saturday, including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Co’s pipeline. Under the agreement, with financing from the U.S. […]
EMG pipeline ownership transferred to Delek, Noble, East Gas consortium
Egypt just cleared a major hurdle to its dream of becoming the premier East Med energy hub – EMG ownership transferred to Delek, Noble and East Gas. Ownership of the East Mediterranean Gas (EMG) subsea pipeline that runs between Egypt and Israel has been transferred to Israel’s Delek Drilling, Texas-based Noble Energy and Egypt’s East […]
Global investment firms interested in funding Cyprus-Egypt gas pipeline
Four financial firms in contact with Cyprus govt on pipeline. Pipe would transport Cyprus gas to Shell’s LNG plant in Egypt. Four major investment firms expressed interest in financing the construction of a pipeline that would transport natural gas from Cyprus to Egypt, according to a Cypriot official involved in the country’s energy sector. The […]
Egypt, Cyprus, Greece to establish an East Mediterranean Gas Forum
The leaders of Egypt, Greece, and Cyprus agreed yesterday to establish an East Mediterranean Gas Forum, Ittihadiya said. The forum — which will be headquartered in Cairo — will include among its members all countries that produce and import EastMed gas and work to closely coordinate the region’s policies on gas exploration and management to […]
