Europe | Egypt Oil & Gas - Part 6

Europe Receives Second LNG Cargo from USA

A cargo of liquefied natural gas (LNG) from the US has arrived at Spain’s Murgados LNG import terminal, making it only the second cargo to reach the European market since US LNG exports began at the end of February 2016.

Iran, Greece to Consider Energy Cooperation Projects

Greek Environment and Energy Minister, Panos Skourletis, and Iran’s Deputy Foreign Minister for Europe and America, Majid Takht-Ravanchi, have agreed upon expanding the energy cooperation between the two nations, not ...

Azerbaijan to Deliver Gas to Europe

Azerbaijan’s Energy Minister, Natig Aliyez, has announced that the country’s natural gas field, Shahdeniz field, situated in the South Caspian Sea, contains sufficient volumes of gas reserves to meet energy demand of ...

EFG Hermes Closes $618m European Wind Farm Deal

Egypt’s leading investment bank, EFG Hermes, has announced that its renewable energy platform, Vortex, has acquired a 49% stakes in an operational 664 MW portfolio of 23 wind farms in Europe, from the Madrid-based, E ...

US LNG New Trade Could Trigger Price War in Europe

Portuguese Galp Energia has bought the first European cargo loaded with US natural gas. According to experts, this is the first shipment in a trade relationship that could shake up the European market.

Aramco, SUMED Expand Saudi Oil Shipment to Europe

Saudi Aramco and Egypt's SUMED pipeline operator have signed a contract to boost the capacity of Saudi oil transported via SUMED from the Egyptian Ain Sukhna port on the Red Sea coast to Aramco's customers in Europe.

Russia’s Gazprom Argues Against Sharing Gas Exports to Europe

Russian gas export monopoly Gazprom said that it would not be in accordance with Russia's national interest to allow Novatek and Rosneft to export gas to Europe.

Gazprom Expects Record Gas Exports to Europe in 2016

Russian energy giant Gazprom expects that its gas exports to Europe will reach record levels in 2016.

Russia’s Rosneft to Increase Oil Deliveries to Europe by 3%-5%

Russia's largest oil producer Rosneft plans to increase oil deliveries to European customers via the Druzhba pipeline to 28.7-29mmt/yearin 2016, or by 3% to 5%.

Iran Offers Discounted Prices of Crude to Europe

Iran has revealed its oil prices to European buyers for the first time since sanctions were lifted against the Middle East country. Iran Heavy, one of the country’s main export grades, will cost $1.25 a barrel, which ...

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