Saudi Arabia Looks to Acquire 30% of Novatek Arctic LNG Project

• Sunday, 28th October 2018
• by Editorial Team

Saudi Arabia aims to acquire 30% of Russia’s Novatek Arctic LNG project, Saudi Energy Minister Khalid al-Falih told Ekhbariya TV on October 25 (via Reuters). He said it was a “very ambitious project,” and ...

Qatar LNG Production to Reach 110 M mt/year by 2024

• Wednesday, 24th October 2018
• by Editorial Team

Qatar plans to boost its liquified natural gas (LNG) production capacity to 110 million metric tons per year (mt/year) by 2024, an increase of roughly 43%, S&P Global Platts reported. Global demand for LNG is expe...

Hoegh Gallant FSRU Leaves Egypt

• Sunday, 21st October 2018
• by Sarah Samir

Hoegh Gallant floating storage regasification unit (FSRU) left the Egyptian coast heading to the US Sabine Pass production facility, Reuters reported. The company agreed with Egypt on an early termination of the rent ...

El Molla: Egypt to Give Up FSRU

• Tuesday, 16th October 2018
• by Sarah Samir

One of Egypt’s two Floating Storage Regasification Units (FSRUs) will leave the country before the end of the week following an agreement with Norwegian supplier Hoegh LNG, Minister of Petroleum Tarek El Molla t...

Morocco Prepares Bid Round for $4.5B LNG Project

• Tuesday, 2nd October 2018
• by Editorial Team

Morocco is preparing a tender for a liquified natural gas (LNG) project in the Atlantic port of Jorf Lasfar, Energy Minister Aziz Rabbah announced on October 1, according to Reuters. The project will allow the country...

Egypt Imports 17 LNG Cargos in Q1 2018/19

• Monday, 1st October 2018
• by Sarah Samir

Egypt has imported a total of 17 liquefied natural gas (LNG) cargos during Q1 of fiscal year (FY) 2018/19 worth $500 million, ministry spokesman Hamdi Abdel Aziz has said, according to Reuters. Egypt will now halt imp...

El Molla: Egypt to Stop LNG Imports

• Sunday, 30th September 2018
• by Sarah Samir

Egypt will halt imports of liquefied natural gas (LNG) after receiving a final shipment in late September, Minister of Petroleum Tarek El Molla has said in an interview. The minister told Amr Adib on El Hekaya that th...

Egypt to Save $3B in Halting LNG Imports: Anonymous Source

• Sunday, 30th September 2018
• by Sarah Samir

The Ministry of Petroleum has estimated that the country will save around $3 billion as a result of halting liquefied natural gas (LNG) imports during fiscal year (FY) 2018/19, a source told Al Borsa. Egypt has been p...

Bahrain LNG Terminal Completed by Besix

• Monday, 17th September 2018
• by Editorial Team

Belgian construction company Besix has completed the construction of a major LNG import terminal offshore on Bahrain’s Muharraq Island, Trade Arabia reported. The terminal will help Bahrain secure a supply of LN...

Shell Exports 250 mmscf/d Natural Gas via Idku Plant

• Monday, 10th September 2018
• by Editorial Team

Shell has increased the amount of natural gas exported from its Idku liquefaction plant to 250 million standard cubic feet per day (mmscf/d), up from 150 mmscf/d in fiscal year (FY) 2016/17, an industry source told Al...