import | Egypt Oil & Gas - Part 6
EGAS Finalizes Evaluation of Bids for 2nd FSRU
The Egyptian Natural Gas Holding Company (EGAS) has completed the technical and financial evaluation of the offers from companies applying for the tender to supply the second gasification ship. The committee settled o...
EGAS: More LNG Shipments Due, Import Bill Estimated at $2.25bn Only
EGAS estimated the cost of importing 500mcf/d of gas in the next fiscal year (FY) is at around $2.25bn, instead of $2.5bn. This is due to the continuous decline in Brent oil prices globally and its effect on gas price...
Noble Group Provides Egypt with LNG
Commodities trader Noble Group will supply a single liquefied natural gas (LNG) cargo to Egypt in late June after winning a closed tender launched two weeks ago, trade sources said. Egypt launched the tender to procur...
Cyprus to Export Gas to Egypt
The Aphrodite natural gas field off Cyprus has been proven to be commercially viable and plans include producing 8bcm a year and construction of a pipeline to Egypt for exporting. Texas-based Noble Energy and Israel’s...
Egypt to Halt LNG Imports by 2020: Sherif Ismail
Egypt hopes to halt liquefied natural gas imports in 2020, Oil Minister Sherif Ismail said on Monday, as projects to develop its own gas fields are completed. The Arab world’s most populous nation is struggling ...
Noble Energy in Egypt for Israeli Gas Import Talks
A delegation from American oil firm Noble Energy is in Egypt for talks with the state gas company about importing Israeli gas to energy-starved Egypt, sources at the airport and the oil ministry said on Sunday. Gas sh...
35% Savings on Petroleum Subsidies Due to Oil Prices Decline
Savings on petroleum product subsidies will reach an estimated 35% of the current value of EGP 100 billion for the FY 2014/2015 budget if current oil prices continue as is, Minister of Petroleum Sherif Ismail said in ...
Mexico Proposes Importing US Crude
Mexico’s state oil company wants to import about 100,000 barrels of light U.S. crude a day to mix with this country’s heavier oil as a way to improve refinery processes. State-owned Pemex said Thursday tha...
