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The Ministry of Petroleum faced a financing crisis for LNG shipments for the coming year due to the Ministry of Finance’s refusal to provide the necessary financial liquidity.
Norwegian firm beats Malaysian, American and Dutch companies to win international tender
Government delayed signing with Hog Energi, led to lack of supply during September, says Ministry of Petroleum
Ministry of Finance refusing to provide the liquidity necessary to import liquefied natural gas, says official
LNG will not be sufficient to meet actual needs of all sectors: Medhat Youssef
With its significant reserves of liquefied natural gas (LNG), Egypt has been a key exporter for regional consumers over the past decade but with growing domestic consumption and a number of fiscal constraints, the country has been looking to secure additional supplies by expanding LNG capacity. In May the Egyptian government signed a letter …
By Mohamed Adel The Ministry of Petroleum has assigned the task of importing liquefied natural gas (LNG) needed for power plants through the coming period to the Egyptian General Petroleum Corporation (EGPC). Payment for the imported gas will be managed through internal revenue, according to a senior official at the Ministry of Petroleum. The expenses …
The arrival of a regassification boat owned by Norway’s HOG Energi has been delayed to December so that shipments of liquefied natural gas (LNG) may be received in its place. LNG will be imported over the coming years in order to provide for the needs of power stations according to Chief Executive of the Egyptian …
Delegation from Algerian firm set to arrive in mid-July to conclude proceedings
The tender will be awarded before the end of the year for the gas supply to begin in January 2015.
EGAS has yet to sign with two oil companies to supply 12 shipments of LNG, due to the lack of necessary funds.
Egypt looking to secure gas supply during the coming years to keep its power plants running
Egypt’s opportunities for importing liquefied natural gas have increased as a result of US sanctions on Russia
The government’s contract with Norway’s Hoegh will last five years
Israel in talks with Egypt, Turkey on major gas export deals
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 …
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 …
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 …
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
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.