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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 …
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.
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.
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 …
Gas production is still estimated to exceed consumption at 5.31 bcf/day versus 4.95 bcf/day, a ministry source said.
PGNiG has been looking for new sources of natural gas as Poland seeks to diversify away from Russian supplies.
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 …
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 …
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.
The deals are with firms including BP, Dana Gas Emirati, Petroceltic International, and Sea Dragon Energy.
BP has already spent hundreds of millions of dollars on the project since winning the concession in 2007.
Sources revealed that EGAS negotiated with Shell and other companies to import between 500 and 750 million ft3of gas per day to cover the electricity power stations’ needs.
State-owned Egyptian Natural Gas Holding Company (EGAS) plans to launch an international tender for deep water gas exploration next year
The government is studying alternatives to gas usage, investments with foreign companies and is seeking to build wind farms for electricity production.
The head of ENNPI signed contract of Venezuelan gas project
With a seven-gas-fields project, the company aims to produce 4 million cubic metres per day.
BP discovers gas in Salamat well in the East Nile Delta
Infrastructure has regularly been targeted in Syria since the March 2011 start of the country’s conflict.
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.
Recent political developments in Egypt have negatively impacted bilateral ties with Qatar.
Chairman of the Egyptian Natural Gas Holding Company : EGAS received a letter from Qatar early Tuesday morning explaining the latter’s inability to send the remaining shipments due to recently decreased production capacities
Qatari liquefied gas shipments to be sent to foreign distribution companies on Thursday according to previously agreed-upon time frames.
Port facilities are not yet capable of importing liquefied gas, but such shipments will allow authorities to allocate more of the fuel supplies to the local market.
The company described the environment for investment in Egypt as “challenging”.
The Begonia-1 well is the 25th discovery in Egypt since 2007
Cement companies are working to reduce emissions through new initiatives in line with Kyoto Protocol
The transport and logistics of the shipments are currently under discussion between the two countries.
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.
Egyptian Natural Gas Holding Company (Egas) awarded eight licences for gas exploration on 16 April and said it would potentially be offering at least 10 more this year.
The Electricity Ministry would first make available $200m in funds in order to purchase and distribute 400,000 tonnes of mazut fuel oil as part of a strategic reserve for the country’s electricity stations.