Latest in Tag: Gas Highlight
Latest in Tag: Gas
Big Rental sells gas, butane-powered electric generators during energy shortage
This means that citizens who use gas lines connected to their place of residence to run on electric generators can face legal repercussions under criminal law.
EGAS to sign for the delivery of 12 shipments of LNG this summer
EGAS president says shipments will meet electricity demand for two and a half months
EGAS to offer international tender to import gas needed for electricity
Egypt looking to secure gas supply during the coming years to keep its power plants running
Decision to use coal in cement industry is irreversible: Mehleb
Prime minister denies reports that Suez would be transferred to the authority of Cairo governorate
Egypt obtains Russian gas at lower prices
Egypt’s opportunities for importing liquefied natural gas have increased as a result of US sanctions on Russia
Use of coal would require EGP 140m investment: South Valley Cement
Cement company says it is aiming to increase investments in order to double its production capacity
Norwegian gas firm signs $40m deal to supply floating terminal
The government’s contract with Norway’s Hoegh will last five years
Mehleb’s Africa trip steps up trade exchange and investment opportunities
Prime minister’s visit to African countries results in agreements on gas and wheat imports, and investment contracts for the Arab Contractors Company and Egypt Air
New price formula for natural gas set at $2 minimum per 1m BTUs
The second method links the price of gas to the international price per ton of urea and ammonia and is applied directly to the manufacturer, according to the official.
UAE, Saudi Arabia provide Egypt with $2.6bn in grants in Q1 2014
Egypt has made various offers to the UAE, Saudi Arabia and Kuwait regarding a number of projects, including the establishment of laboratories for refinement areas in Ain Sokhna, the North Coast, Alexandria and Upper Egypt.
EGAS cuts 500m square feet of fuel from factories’ total needs
EGAS to no longer pump gas to EDCO factory
Pakistan’s Sharif set to visit Iran amid strained ties
Relations between the neighbours hit a low following the kidnapping by Pakistani Sunni extremists of five Iranian border guards from Iran’s Sistan-Baluchestan province in February.
Egyptian petroleum companies owe $6bn to foreign companies at end of April: EGAS president
Egypt is facing a serious issue as a result of the government’s inability to pay its debts to foreign partners in light of the poor economic situation.
Workers strike in protest over colleagues’ detention
Security forces detained three workers on charges of inciting strike
Misr Al-Qawia criticises lifting natural gas prices
Cabinet announces price hike in natural gas starting May; party wary the price hike will do little to help Egypt’s energy crisis
Turkey, Russia agree on boosting Blue Stream gas pipeline: Minister
To 19 billion cubic metres (bcm) annually from 16 bcm
Egypt says eyes Russian liquefied gas: Minister
Reuters – Egypt is considering buying liquefied natural gas from Russia, the country’s industry minister said on Wednesday. Egyptian industry and investment minister Mounir Fakhry Abdel Nour, on a visit to Moscow, did not give any other details. Egypt hopes to import more LNG during the summer months. Russia has only one LNG plant, located …
EMEA Oil & Gas winners and losers in Ukraine crisis: Fitch
Reuters – Fitch Ratings says BG Energy Holdings Ltd, BP plc, Royal Dutch Shell plc and Total SA are among the rated oil and gas companies in EMEA that stand to gain from a potential shift in EU countries’ energy links with Russia over time, while OAO Gazprom and NJSC Naftogaz of Ukraine, are most …
RWE Dea’s gas operations in North West Khilala prove successful
Company plans to produce around 11.4bn cubic metres of gas from the 7 gas fields in the first phase of the Disouq Development Project
Lebanon’s new energy minister says government to press on with gas tenders
Reuters – Lebanon’s new energy minister said on Saturday the government should press forward with its first offshore gas licensing round without further delay and his ministry would not be held up by the country’s political problems. Beirut estimates it has some 96 trillion cubic feet (tcf) of natural gas reserves but political dysfunction has …
BG Group buys Nigerian LNG to replace lost Egyptian output
Reuters –  BG Group has bought six liquefied natural gas (LNG) cargoes from Italian utility Enel as it seeks to replace lost supplies from its Egyptian operations. The British firm will take delivery of the cargoes from October, 2014 at Nigeria’s Bonny Island liquefaction plant, where Enel owns export capacity, according to trade sources. Oil and …
Egypt’s LNG import ambitions thrown into disarray
Reuters – Egypt’s hope of importing liquefied natural gas to stave off an energy crunch this summer may fall through after a Norwegian firm pulled out of a deal to install an LNG import terminal, sources with knowledge of talks between Cairo and the company said. If it fails to secure a means of importing LNG, Egypt would have …
Yemen gas price pressure mounts on France’s Total
Total’s leading role in building the $4.5bn Yemen LNG export plant in 2005-09 made it the largest foreign investor in the country, which is one of the poorest in the Arab world.
Azerbaijan offers Iraq access to Europe gas pipelines
Gas pumped from the immense new Shah Deniz II field will travel across Azerbaijan and Georgia and across Turkey through a new Trans-Anatolian Pipeline, which is set to be a key part of the Southern Gas Corridor from the Caspian Sea to Turkey and the EU.
Iran to unveil revised oil, gas contract model soon
Reuters – Iran said on Friday it would soon unveil a more attractive model of contract aimed at persuading international energy companies to invest in its huge though underdeveloped, oil and gas reserves. Ali Majedi, deputy oil minister in charge of international affairs, told his ministry’s Shana news agency that the government would soon complete …
Egypt forecasts gas shortage next fiscal year
Gas production is still estimated to exceed consumption at 5.31 bcf/day versus 4.95 bcf/day, a ministry source said.
Poland’s PGNiG backs out of Egypt investment
PGNiG has been looking for new sources of natural gas as Poland seeks to diversify away from Russian supplies.
OPEC producer UAE considers importing North American gas
Reuters – The United Arab Emirates, a Gulf OPEC oil producer, said it was looking at the possibility of importing natural gas from North America, in what would be one of the most striking developments since the start of the US shale boom. The United States and Canada are producing record amounts of gas from …
Orascom Construction suspends tax payment to Egypt
Reuters – Orascom Construction Industries has suspended payment of a 31 December instalment of an EGP 7.1bn ($1.02bn) tax settlement with Egypt’s government, its Amsterdam-listed parent company OCI NV said on Wednesday. The settlement was agreed last April, when Islamist President Mohamed Morsi was still in office, and related to claims the company had failed …
Egypt Auctions 22 Oil, Gas Exploration Concessions
Exploration companies have been hesitant to develop untapped gas finds in Egyptian waters partly because the amount the government pays them barely covers their investment costs.