LNG | Egypt Oil & Gas - Part 42
EGPC Payment Delays are Contractually Legal
Payment delays by the EGPC for crude oil and natural gas imports are legal, according to a source at the EGPC.
Egypt Struggling to Pay for Energy Imports, CBE Governor Denies
Egypt is having difficulty paying for energy imports priced in US dollars – cancelling orders and asking for extensions – as the country’s foreign currency reserves have fallen. CBE Governor Tarek Amer denies the rep ...
ENI Declares Force Majeure on Nigeria’s LNG Export Plant
ENI has declared force majeure on loadings from Nigeria's LNG export plant due to sabotage on the Ogoda-Brass transport line, planning to reschedule some shipments.
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Australia's Woodside Petroleum has withdrawn its $8.5b (A$11.6b) all-share offer for Papua New Guinea-based Oil Search Ltd's stake in the PNG's government's LNG project, as Oil Search rejected the bid.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.
