Latest in Tag: LNG Highlight
Latest in Tag: LNG
Egypt is planning to import between 100 and 108 cargoes of liquefied natural gas (LNG) this year while preparing to begin production at two gas fields. This step will help the country approach its self-sufficiency target. According to a reporter from Bloomberg familiar with the matter whom asked not to be identified, the LNG shipments …
Shell is currently in talks with the government in order to increase exports, as the government seeks to increase supply to the domestic market
Negotiations are with Rosneft, Gazprom, Sonatrach, and PetroChina, in addition to an Omani company, says source
Egypt is still mired in an expensive and time consuming arbitration with UFG for providing natural gas to the domestic market.
Power stations consumed 2.65bn cubic feet and 23,000 tonnes of oil, says official
After payment, the rate of the import of natural gas increased 1bn cubic feet per day
Gasification ship will operate at a capacity of 500m cubic feet per day and quantities will increase when needed
Further, Minister of Petroleum and Mineral Resources Tarek El Molla, along with EGAS Chairman Khaled Abdel Badie, visited Jordan last week to increase support and joint cooperation between the two countries in the fields of oil, gas and mineral resources.
Tender to import 45 LNG shipments to be completed next week
The Egyptian Natural Gas Holding Company (EGAS) and Russian government-owned Rosneft are negotiating technical and financial details to supply 24 liquefied natural gas (LNG) shipments to Egypt in the next two years. A senior EGAS official said in a statement to Daily News Egypt that the negotiations over the shipments will hopefully be finalised soon, …
Minister of Petroleum Sherif Ismail said that signing the two agreements is a mutual cooperation between public companies in Egypt and Russia.
Russia sees Egypt as export destination after issues with EU following Crimea crisis, Egypt sees Russia as natural gas source
Russian energy company Gazprom’s offer allows for supplying over 35 LNG shipments
El Molla assured that no Ministry of Finance budget will be allocated to import gas
Decrease of Brent price lowers companies’ investments in Egypt
“Höegh” ship for gasification will arrive at Sokhna port at the end of this month
Sonatrach delegation to visit Egypt by end of week to negotiate supply quota from 2016 to 2020
By Ahmed M El-Wahsh Euro-commodity brokers earned a large share of meticulously watched endeavours to source Egypt with approximately $2bn worth of liquefied natural gas [LNG] as they exert great efforts to develop into a sector, which is characteristically governed by large oil corporations. The following three leading companies; Trafigura, Noble Group and Vitol will …
Delegation from Sonatrach will visit Egypt at the end of January to negotiate quantities to supplied from 2016-2020
Ain Sokhna port to accommodate two ships, as Port Said is not economically feasible, says Dahi
Decrease gas production and domestic market needs cause sharp exportation decline
A senior official with the Egyptian Natural Gas Holding Company (EGAS) said the company received offers for a gas import tender from BP, Vitol, Trafigura, Golar LNG, and three other companies. The official added that a decision on the financial proposals from applying companies will be made this week. The announcement of the final result …
Second LNG vessel to be received in Port Said by next March
The Ministry of Petroleum faced a financing crisis for LNG shipments for the coming year due to the Ministry of Finance’s refusal to provide the necessary financial liquidity.
Norwegian firm beats Malaysian, American and Dutch companies to win international tender
Government delayed signing with Hog Energi, led to lack of supply during September, says Ministry of Petroleum
Ministry of Finance refusing to provide the liquidity necessary to import liquefied natural gas, says official
LNG will not be sufficient to meet actual needs of all sectors: Medhat Youssef
With its significant reserves of liquefied natural gas (LNG), Egypt has been a key exporter for regional consumers over the past decade but with growing domestic consumption and a number of fiscal constraints, the country has been looking to secure additional supplies by expanding LNG capacity. In May the Egyptian government signed a letter …
By Mohamed Adel The Ministry of Petroleum has assigned the task of importing liquefied natural gas (LNG) needed for power plants through the coming period to the Egyptian General Petroleum Corporation (EGPC). Payment for the imported gas will be managed through internal revenue, according to a senior official at the Ministry of Petroleum. The expenses …