BNP Paribas: Egypt's bid to become a regional energy hub
Egypt has clear potential to become an energy trading and export hub, notably for natural gas, according to a report by BNP Paribas that suggests Egypt’s bid to transform itself into a hub will depend on the country’s capacity to mitigate geopolitical, financial, and regulatory risks. BNP Paribas says “Egypt’s bid to become a regional […]
Bloomberg: Swiss Court Fines Egypt $2 Billion
• Court says Egypt breached contract to supply gas to Israel. • Israel now hoping to export natural gas to southern neighbor. A Swiss court ordered Egyptian natural gas companies to pay Israel’s state-owned electricity provider $2 billion in fines for breach of previous contracts, a step that could complicate chances for the two nations […]
TAQA Gas to supply Egyptian Black Sand Company with 1,300 cubic metres of gas per day
The Egyptian Black Sand Company (EBSC) signed a contract with TAQA Gas, a subsidiary of TAQA Arabia, to supply 1,300 cubic metres of gas per day to the black sand separation plant in Kafr Al-Sheikh. Major General Ashraf Soltan, chairperson of the EBSC, said that the company contracted with TAQA to provide the gas necessary […]
Mediterranean Sea: from gas new opportunities for integration (ABO.net)
By Costanza Concetti. The new found hydrocarbon resources in the Mediterranean may represent the pretext for long-awaited regional integration. With Eni’s discovery offshore Egypt of the Zohr Field, whose 850 bcm of lean gas make it the largest gas trove in the Mediterranean to date, the Eastern Mediterranean has officially become a viable supply basin […]
Eni agrees with government to export part of Zohr field production via Damietta processing plant
Eni has reached an agreement with the government to export some of the gas produced from the Shorouk concession’s Zohr gas field through the processing plant in Damietta, Al Borsa reported. Eni is planning a ground pipeline connecting the Zohr field to the plant, from which the gas would then be exported to Europe, the […]
Is Rosneft looking to build a pipeline to export gas from Zohr to Europe?
There is speculation in the Russian media this week about whether Rosneft is planning a pipeline to export gas from the Zohr field to Europe. Russia’s Economy Today (Russian) quotes energy analyst Igor Yushkov from that country’s National Energy Security Fund as saying that Rosneft’s acquisition of a 30% participating interest in Eni’s Shorouk offshore […]
Environmental Affairs Ministry approved plans for Zohr pipeline
The Environmental Affairs Ministry approved the plans to build a 220 km pipeline connecting the Zohr gas fields to an onshore processing station in Port Said, Ahram Gate reported. The Ministry approved of the studies for the pipeline, saying it complies with all of its environmental regulations. (Source: Enterprise.press)
Cyprus signs deal with Egypt for transfer of natural gas via pipeline
Cyprus signed a deal on Wednesday for the transfer of natural gas via pipeline to Egypt, once extraction starts of discoveries made off the Mediterranean island. U.S. energy firm Noble found an estimated 4.5 trillion cubic feet of natural gas in one prospect off Cyprus in late 2011. A consortium of Italy’s ENI and Korea’s […]
Infographic: Eastern Mediterranean pipelines (ABO.net)
The existing pipelines, mostly concentrated in Egypt, Israel, Jordan and Lebanon and those still under construction bring gas to Europe. (Source: ABO.net)
ENAP Sipetrol to complete $22m Western Desert pipeline next June
$80 million planned investment through the end of 2017 for development of gas fields. Chilean ENAP Sipetrol, the foreign JV partner in Egyptian Petroleum Sector subsidiary Petroshahd, plans to complete the construction of a 90 km pipeline in the Western Desert by next June at a cost of $22 million. Eng. Sayed Rezk, ENAP Sipetrol’s […]
