Latest in Tag: LNG Highlight
Latest in Tag: LNG
Global LNG crosses $11/mmbtu reducing near-term possibilities of price cut for local industries
Naeem Research sees that the continuing price run, is good news for Egypt from a BOP angle as the country is expected to export more than 1.2 bcf/day of excess natural gas this year (with the two LNG plants now fully operational).
LNG is 86 times more environmentally harmful than conventional fuels: ICCT
Study compared greenhouse emissions from LNG, MGO, low-sulphur fuel oil, and heavy fuel oil when used in ship engines
Egyptian LNG costs $7 per million BTUs on average
Quantities of gas in market more than required, says source
Egypt’s gas production increases to 6.8bn scf/day
Domestic market consumption drops to 5.5bn scf/day, says source
Shell exports 300m cfpd of gas through Idku LNG plant
Company exports one LNG shipment every 10 days to international markets, source says
Egypt receives final LNG shipment, marking end of gas imports: Tarek El-Molla
Country aspires to become regional gas hub for LNG trading in eastern Mediterranean Sea
Egypt to stop importing LNG mid-September
Zohr gas field to add 2bn cubic feet daily to Egypt’s production in 10 days
Monthly oil and gas import bill falls to $550m: Petroleum minister
Egypt achieves self-sufficiency of gas by end of 2018, says El-Mulla
EGAS to launch tender for importing LNG
The Egyptian Natural Gas Holding Company (EGAS) plans to launch a tender for importing liquefied natural gas (LNG) shipments in January 2018, according to an official source at the company. The source added that the upcoming tender aims to secure local market needs of natural gas during the second quarter (Q2) of 2018. Meanwhile, EGAS …
Egypt aims to import LNG shipments in 2018
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 in talks with government to increase natural gas supply
Shell is currently in talks with the government in order to increase exports, as the government seeks to increase supply to the domestic market
Egypt negotiates with state-owned foreign companies to supply LNG requirements
Negotiations are with Rosneft, Gazprom, Sonatrach, and PetroChina, in addition to an Omani company, says source
Egypt LNG arbitration continues despite claims by Petroleum Ministry and Egyptian media
Egypt is still mired in an expensive and time consuming arbitration with UFG for providing natural gas to the domestic market.
EGAS stops importing gas for fertilisers due to the late delivery of LNG shipment
Power stations consumed 2.65bn cubic feet and 23,000 tonnes of oil, says official
EGAS issues delayed payment to LNG suppliers
After payment, the rate of the import of natural gas increased 1bn cubic feet per day
Second LNG shipment to arrive at new gasification ship mid-November: EGAS Chairman
Gasification ship will operate at a capacity of 500m cubic feet per day and quantities will increase when needed
Egypt begins to import 200m cubic feet of LNG per day from Jordan
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.
Operation of second gasification ship postponed to mid-October: EGAS
Tender to import 45 LNG shipments to be completed next week
EGAS, Rosneft negotiate technical, financial details for 24 LNG shipments
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, …
EGPC, Rosneft sign agreement for oil products, LNG shipments
Minister of Petroleum Sherif Ismail said that signing the two agreements is a mutual cooperation between public companies in Egypt and Russia.
Egyptian-Russian economic rapprochement marked with wheat, LNG sectors
Russia sees Egypt as export destination after issues with EU following Crimea crisis, Egypt sees Russia as natural gas source
Further gas shipment deals with companies that acquired first bid: Petroleum minister
Russian energy company Gazprom’s offer allows for supplying over 35 LNG shipments
EGPC to pay $2.5bn in LNG imports during FY 2015/2016
El Molla assured that no Ministry of Finance budget will be allocated to import gas
Government pays 40% of foreigners’ dues
Decrease of Brent price lowers companies’ investments in Egypt
LNG imports to begin next April: Abdel Badie
“Höegh” ship for gasification will arrive at Sokhna port at the end of this month
Petroleum ministry signs contract with Gazprom for 35 gas shipments
Sonatrach delegation to visit Egypt by end of week to negotiate supply quota from 2016 to 2020
LNG: The way forward
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 …
Initial agreement with Gazprom for 35 LNG shipments: Petroleum minister
Delegation from Sonatrach will visit Egypt at the end of January to negotiate quantities to supplied from 2016-2020
Transport ministry, Suez Canal Authority reject Port Said pier allocation to import gas: Petroleum ministry
Ain Sokhna port to accommodate two ships, as Port Said is not economically feasible, says Dahi
Idku plant LNG exportation collapses 2014: BG official
Decrease gas production and domestic market needs cause sharp exportation decline