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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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

Sarin gas used in Damascus attack: Kerry

Hair and blood samples given to the United States from emergency workers on the scene of last month’s attack in the Syrian capital have showed signs of the powerful sarin nerve gas, Kerry told NBC and CNN television.

Daily News Egypt

Queues for fuel cause mayhem

The same day in Menufiya, a policeman was injured after residents blocked the Cairo-Alexandria road, in protest against the failure to secure fuel quotas which were promised by the governor.

Nada Badawi