Egypt buys LNG shipment to avoid fuel shortage

Thu, 04 Apr 2024 - 06:13 GMT

Egypt does not own facilities for liquefying natural gas, a process known as liquefaction, having previously operated a floating station in Ain Sokhna for gas imports before 2018. Egypt utilizes gas to fuel power plants as well as for cooling operations.

Egypt prepares LNG shipment for export to Europe by end of March

Thu, 21 Mar 2024 - 02:21 GMT

The official indicated that the new shipment will depart from the Idku station as part of a series of LNG shipments the government aims to export abroad before the start of the summer season.

Egypt 2nd largest Arab exporter of LNG to EU, 5th globally

Tue, 14 Mar 2023 - 01:55 GMT

The EU received supplies from 27 countries, with the share of LNG exceeding that of natural gas delivered through pipelines for the first time.

Egypt's liquefied natural gas exports register 4.86M tons in Jan-Sept 2022 - IDSC

Tue, 03 Jan 2023 - 03:27 GMT

In an infographic published Tuesday, the IDSC said that Egypt’s liquefied natural gas exports rose 35.7 percent year-on-year in the second quarter of 2022, recording 1.9 million tons.

Petroleum minister indicates amount of Egypt's LNG exports to European markets in 2022

Mon, 28 Nov 2022 - 11:36 GMT

The figures reflect a growth as the country exported seven million tons of LNG to European markets in 2021.

Egypt, Germany sign 2 declarations of intent to cooperate in green hydrogen, LNG fields

Mon, 07 Nov 2022 - 01:12 GMT

The declaration of intent was signed by the Egyptian side, Tarek El-Molla, Minister of Petroleum and Mineral Resources, by the German side, Robert Habeck, German Vice-Chancellor and Federal Minister for Climate Action and Economic Affairs.

Egypt to cooperate with 4 int'l firms for LNG bunkering hub project

Sun, 30 Oct 2022 - 01:42 GMT

The Egyptian state supports the trend towards maximizing the use of clean energy and attaches great importance to it, he added.

Egypt’s gas exports hit $8B in 2021/2022

Mon, 26 Sep 2022 - 02:37 GMT

The government has implemented a plan to rationalize electricity consumption in order to provide natural gas used in the stations in order to export it abroad in light of the high global prices.

Production capacity of Damietta LNG plant hit 5.2M tons annually, minister

Thu, 16 Jun 2022 - 04:44 GMT

He said the plant was re-opened after eight years of closure following a settlement agreement reached in December 2020 by Eni, the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and Naturgy.

PM attends signing of deal between EGAS, Eni to export LNG to Europe

Wed, 13 Apr 2022 - 03:16 GMT

The deal aims at making the optimal use of Egypt's natural gas reserves by maximizing production capabilities in a way that enables EGAS to explore new opportunities to increase production.

Cabinet: Egypt en route to join list of biggest LNG suppliers to major markets

Mon, 21 Feb 2022 - 04:19 GMT

This came in a report published Monday by the Cabinet media center including an infograph shedding light on Egypt's efforts to join the list of the biggest LNG suppliers to major markets consuming gas after it achieved self-sufficiency rates.

1st LNG cargo from Damietta plant produced, lifted after 9 years of halt

Mon, 22 Feb 2021 - 09:23 GMT

“This is the first LNG cargo produced by the terminal after it was shut down in 2012.” it clarified in a statement.

Egypt exports 172.8B feet of LNG in 2018/19

Mon, 21 Oct 2019 - 02:29 GMT

The company's annual report of the fiscal year 2018/2019 said that 45 gas shipments were exported during the last fiscal year.

Israel to begin gas exports to Egypt within four months: Min.

Thu, 25 Jul 2019 - 11:40 GMT

The deal signed early last year will bring natural gas from Israeli offshore fields Tamar and Leviathan into the Egyptian gas grid.

Egypt’s gas exports from Idku jumps to 800MCF/day

Wed, 27 Feb 2019 - 01:24 GMT

Egypt’s Minister of Petroleum Tarek el-Molla clarified that LNG exports from Idku rose to put Egypt back to international markets strongly after achieving self-sufficiency locally.

High oil prices hurt consumers, dent fuel demand: IEA chief

Tue, 30 Oct 2018 - 09:34 GMT

“Many countries’ current account deficits have been affected by high oil prices,” IEA chief Fatih Birol said at an energy conference in Singapore.

Egypt imported 17 shipments of LNG in Q1 2018/19 worth $500M

Sun, 30 Sep 2018 - 08:56 GMT

Egypt said on Saturday it will stop importing natural gas after its final liquefied shipments arrived last week.

Cyprus forms committee to reprice gas exports

Fri, 24 Aug 2018 - 01:11 GMT

International oil prices fell to below $40 from over $100 per barrel four years ago. Currently, Brent Oil is traded at around $70.

Gas production of 2 wells at 9B field to begin in October

Mon, 06 Aug 2018 - 12:50 GMT

“The whole projectwill be completed in the third quarter of 2019 with an output of 400 million cubic feet per day,” the source added.

Trump, EU leader pledge to cut trade barriers, hold off on further tariffs

Wed, 25 Jul 2018 - 10:08 GMT

U.S. President Donald Trump and the European Union's chief executive, Jean-Claude Juncker.