Suez Canal increases discount for LNG carriers by 15%
Suez Canal chases US LNG export cargoes: Egyptian waterway offers hefty rebate for gas carriers sailing non-stop from America to Asia. The Suez Canal has laid down the gauntlet to the Panama Canal in the chase for transits by LNG carriers carrying US LNG exports. The Suez Canal Authority has decided to increase the port fee discount […]
Suez Canal amends regulations to encourage LNG carrier traffic
Suez Canal Authority has decided to amend the regulations related to the residue cargo requirements for liquefied natural gas (LNG) carriers. According to the SCA notice, the allowed residues of LNG cargo shall not exceed 5 percent of the vessel’s summer deadweight instead of 2 percent to grant the LNG vessels the privilege of ballast […]
President Sisi inaugurates giant Offshore Support Vessel Ahmed Fadel
President Abdel Fatah al-Sisi has inaugurated on Saturday the giant Offshore Support Vessel, named Ahmed Fadel, which has joined the Suez Canal fleet in June 2017. The giant vessel is one of the most modern of its kinds in the Middle East with $40 million total investments, according to a statement issued by the Suez […]
Belarus invited to take part in Egypt's offshore oil and gas projects
Egypt invites Belarusian companies to take part in the implementation of big oil and gas projects in the Red Sea and the Mediterranean Sea, Speaker of the Egyptian parliament Ali Abdel Aal said at the meeting with Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich on 14 October. […]
Major natural gas discoveries offshore Egypt propel demand for technologies & services
(Offshore Magazine) Curt Cultice US Commercial Service, Department of Commerce Egypt is a mature fossil energy market attracting increased international attention. However, there is a continued demand for new energy technologies from innovative US suppliers committed to long-term partnerships with Egypt. In the below Q&A, Mai Abdelhalim, commercial specialist, US Embassy, Egypt discusses the latest […]
Romania's Transgaz considers building new plant in Egypt
The Egyptian Minister of Investment and International Cooperation, Sahar Nasr said that she has discussed with executives from Romania’s Transgaz establishing a factory in Egypt. The meeting was held on the sidelines of the minister’s visit to Romania, where Nasr stressed to Romanian investors and officials that Egypt took legislative procedures to provide an adequate […]
Egypt unveils Middle East's largest Multi-Purpose Supply Vessel
Chairman of the Suez Canal Authority (SCA) Mohab Mamish on Wednesday raised the Egyptian flag on the largest multi-purpose supply vessel in the Middle East, which is made in China. Named after former SCA chairman Ahmad Fadel, the ship was built by Guangzhou Wenchong Shipyard in China. “The Suez Canal Authority is sparing no effort […]
Platts: LNG trade disruption worries ease as Qatari flows to Suez, Egypt resume
* Qatargas vessels transit Suez for Ras Laffan. * Egypt gets Qatar LNG despite blockade. * Limited impact of UAE’s port restrictions. * Qatar Petroleum: “business as usual”. Concerns over the impact of diplomatic blockade on Qatar on LNG trade flows eased this week, following deliveries of Qatari LNG into Egypt and the transiting of […]
Africa Finance Corporation invests $25 million in Egypt's Carbon Holdings
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals company Carbon Holdings Ltd. Carbon Holdings primarily operates in the Suez Special Economic Zone. As well as exporting raw materials and end products, the company aims to develop an integrated […]
Platts: Egypt's Sokhna port to start bunkering operations in July
Egypt’s Suez Canal Economic Zone targets commencing bunkering operations at Sokhna port July 1, the Vice Chairman of the General Authority for the SC Zone, Abdelkader Darwish, was quoted late Monday as saying. The authority has invited marine fuel suppliers to submit applications for bunker supply licenses at the port by April 7, Darwish was […]
