LNG | Egypt Oil & Gas - Part 40
EGAS Decreases Gas Imports, Restores Full Industrial Supply
The Egyptian Natural Gas Holding Company (EGAS) has reduced gas imports to around 700mcf/d from 1bf/d in November over declining domestic consumption, allowing the company to fully supply gas to high-consuming factor ...
Egypt Expanding LNG and Fuel Trading Infrastructure
Oil Minister, Tarek El-Molla announced an expansion of Egypt's LNG and Fuel Oil trading infrastructure.
Mubadala Strikes Strategic Agreement with China National Petroleum
The UAE's Mubadala Petroleum and China National Petroleum Corporation (CNPC) have signed an oil and gas exploration and production co-operation agreement.
Woodside Withdraws LNG Bid, Oil Search Rejects Offer
Australia's Woodside Petroleum has withdrawn its $8.5b (A$11.6b) all-share offer for Papua New Guinea-based Oil Search Ltd's stake in the PNG's government's LNG project, as Oil Search rejected the bid.
East Africa to Boost Home-Based Energy Production
East Africa's demand for oil, gas, and petrol is expected to increase by 8%, while liquefied petroleum gas (LPG) reaches double digits growth, amid regional attempts to expand home-based energy production.
Jordan Diversifying LNG Sources, Israel on Alert
Jordan's National Electric Power Company (NEPCO) expects to import 20 % of its gas needs from the spot liquefied natural gas (LNG) market in 2016 and 2017.
Kuwait’s LNG Import on Rise
Kuwait's liquefied natural gas (LNG) imports is expected to rise by 17 % to 3m tonnes in 2015, up from 2.5m in 2014, boosted by the fuel's growing competitiveness with gas oil.
CBE Unable to Meet EGPC’s Dollar Needs
The Central Bank of Egypt is unable to provide the Egyptian General Petroleum Corporation with its monthly requirement of $700m for the import of petroleum and gas materials and the payment of loans from foreign banks.
