LNG | Egypt Oil & Gas - Part 42

Egypt’s EGAS Makes First Payments to LNG Suppliers in 2016

Egypt’s state-owned Natural Gas Holding Company (EGAS) has made its first payments to suppliers of liquefied natural gas (LNG) since the payment terms for deliveries were extended in December, reported Reuters. ...

Chevron’s Mega Gas Project in Australia Starts Production

US Chevron Corporation commenced liquefied natural gas (LNG) and condensate production at the $54b Gorgon Project on Barrow Island, located off the northwest coast of Western Australia. Its first cargo is scheduled to...

Russia, Venezuela Develop Three New Offshore Gas Fields

Russia’s top oil producer Rosneft and Venezuela’s state oil company PDVSA signed an agreement to set up a joint venture to develop natural gas in the South American country, Reuters reported. Each firm wil...

Jordan, Algeria in Talks over Energy Cooperation, LNG Imports

Jordan and Algeria discuss bilateral energy cooperation and prospects for importing liquefied natural gas from the North African nation, Petra News Agency reported. Jordanian Ministry of Energy and Mineral Resources h...

Ghana to Develop Tema LNG Project Worth $550m

Ghana National Petroleum (GNPC) has signed heads of terms with Quantum Power, the pan-African energy infrastructure investment platform, for the construction of the liquefied natural gas (LNG) storage, regasification ...

US EIA Forecasts Gas Production Decline in 2016

The US Energy Information Administration (EIA) revealed its forecast for US domestic natural gas production in 2016, which is expected to mount to 79.69bcf/d, marking the sixth annual record high, Reuters reported. Ac...

Total to Supply LNG to China

European oil major Total has signed a ten-year agreement to supply 500,000 tons of liquefied natural gas (LNG) to China’s privately-run ENN Group annually, Rigzone reported. The supplies of the super-chilled nat...

Gazprom Envisions Rise in Gas Supplies to Europe

Gazprom, the Russian natural gas producer is seeking to increase gas supplies to Europe and Turkey by 2% to record levels in 2016, ahead of an upcoming meeting with investors, Bloomberg reported. The company also proj...

Tanzania Secures Land for Its Long-Delayed LNG Project

Tanzania has finalized a land acquisition for the site of a planned LNG plant, and was now working to compensate and resettle villagers to move forward on a long-delayed project, WorldOil reported. BG Group, being acq...

Japan Records Drop in Oil, LNG Imports, Switching to Coal

Japan’s oil imports fell to a record low of 3.37mb/d, down by 2.3% in 2015 and imports of LNG, of which the country is the world’s biggest consumer, fell 3.9% to 85m tones last year, Reuters reported. Amid...

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