UAE Delays Construction of LNG Import Facility

• Wednesday, 4th May 2016
• by Egypt Oil & Gas

Abu Dhabi indefinitely postponed the construction of the first onshore LNG import facility in the busy oil port of Fujairah in favor of a floating supply terminal. Bloomberg reported that the state-controlled Emirates...

Egypt’s EGAS to Finalize Gas Tender This Month

• Wednesday, 6th May 2015
• by Egypt Oil & Gas

EGAS will finalize the decision on who receives the tender for the second floating liquefied natural gas (LNG) import terminal in a month’s time after receiving foreign bids, said EGAS chairman Khaled Abdul Badei in s...

Oman May Issue Tenders Soon for Floating Storage Unit

• Wednesday, 29th April 2015
• by Egypt Oil & Gas

Oman Tank Terminal Company (OTTCO) plans to start operating a floating storage unit later this year to ease trade of crude oil futures on the Dubai Mercantile Exchange (DME), trade sources said on Tuesday. The storage...

Update: Egypt to Receive 2nd LNG Floating Terminal

• Monday, 27th April 2015
• by Egypt Oil & Gas

After Ministry of Petroleum’s announcement earlier last month of the arrival of a 2nd terminal in August of this year. EGAS reported that plans to receive the floating terminal in Ain Sokhna have changed for sec...