EGAS to import five LNG shipments for 2Q2018 by direct order
EGAS to buy five LNG shipments for 2Q2018 through direct order: EGAS is planning to import five LNG shipments for 2Q2018, traders tell Reuters Arabic. These shipments will not come through a tender as is the norm, but a direct order, the traders added. It is not yet clear whether this will be the final […]
Egypt to stop importing LNG by end of FY 2017/18
Egypt plans to stop importing liquefied natural gas (LNG) by the end of the 2017/18 fiscal year ending in June as it speeds up production at recently discovered gas fields, Petroleum Minister Tarek El Molla said on Saturday. Egypt said previously that it would halt imports by the start of 2019. El Molla said the […]
Egypt renews Iraqi crude oil import agreement for another year
Egypt has reportedly renewed an agreement to import crude oil from Iraq, an official at state petroleum buyer EGPC tells Reuters’ Arabic service. The contract was renewed for another year and will see Egypt import 12 million barrels of Iraqi crude that will be delivered in 2 million barrel shipments every two months starting January, […]
El Molla: Egypt looks to buy foreign companies' share in Egyptian gas
Egypt wants to satisfy local demand in natural gas before exporting to other countries, petroleum minister Tarek El-Molla said. Egypt is looking to buy the shares of foreign partners in Egyptian natural gas, petroleum minister Tarek El-Molla said at Al-Ahram’s first energy conference on Monday. The minister said the gas produced will first be used […]
El Molla: Egypt to capitalize on world demand for oil & gas storage, trading
Egypt aims to be a regional hub for oil and gas trading, Petroleum Minister Tarek El Molla said at an energy conference on Monday. Egypt is working on infrastructure investments that will transform it into a regional hub for oil and gas trading, capitalizing on the needs of various companies to store their petroleum products, […]
Saudi Aramco supplied 1 million barrels of crude oil to Egypt in Nov, Dec
Saudi Aramco, the world’s largest oil producer, has supplied 1 million barrels of crude oil to Egyptian refineries, Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday. Egypt and Saudi Arabia will be studying the economic feasibility of continuing to refine Saudi crude in Egyptian refineries by the start of 2018, El Molla said. […]
Egypt to allow foreign companies to “freely” export surplus gas in five years
Egypt will allow foreign companies to “freely” export natural gas not needed for domestic use in five years, Oil Minister Tarek El Molla announced on Monday during Al Ahram’s energy conference, according to Reuters. New exploration contracts contains a clause that allows companies to export a part of their share of extracted gas abroad in […]
Egypt to cut monthly LNG imports by 3 cargos after Zohr start-up
Egypt will cut liquefied natural gas (LNG) imports by three cargos per month after putting supergiant Zohr gas field on the production line, petroleum minister Tarek El Molla told local channel DMC. This brings the North African nation’s LNG imports down to five cargos per month, which in return saves about $60 million, El Molla […]
Initial Zohr output raises Egypt's natural gas production to 5.5 bcf/d
Output from Egypt’s giant offshore Zohr gas field in the Mediterranean will raise Egypt’s natural gas production to 5.5 billion cubic feet per day from 5.1 billion daily, Petroleum Minister Tarek El Molla told Reuters on Sunday. The petroleum Ministry said on Saturday that the mammoth field has begun an initial production of 350 million […]
Egypt's giant Zohr natural gas field starts production at 350 mmcf/d
• El-Molla: Field starts pumping gas to Egypt national network. • Zohr field may turn Egypt from LNG importer to gas exporter. Egypt’s Eni SpA-operated Zohr natural gas field has started production, bringing the country closer to its goal of energy self-sufficiency. Gas from the Mediterranean’s largest offshore field is pumped to a facility in […]
