LNG | Egypt Oil & Gas - Part 49

Chevron’s Profits Down, Complications with Concessions

After posting higher profits than any other oil major last year, Chevron’s stock has badly slipped in 2015—down more than 30%, noted the Wall Street Journal in a recent report. The company has seen its stock slide as ...

Minister of Petroleum: Natural Gas Linked to New Ismailia

Sherif Ismail, Minister of Petroleum and Mineral Resources, said in a press release that Sinai Gas had completed the natural gas connection to the city of New Ismailia. He added that this was part of the state’s plan ...

BW Strikes a Deal to Provide Egypt with its Second FRSU

Norway-based BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract, an official at state company EGAS told Reuters on Monday, as the government grapples with ...

EGPC: New Petroleum Projects Exceeding EGP2.6 Bn

EGPC sources revealed to Al-Mal newspaper that six new investment projects to develop a network for transporting petroleum derivatives and fuel all over the country at an expected cost of more than EGP 2.6 billion wil...

Petroleum Sector Imports Projected at $16m for Current Fiscal Year

Egypt expects to import 28.6 million tons of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said. The government expects to buy 7.79...

EGAS Issues Regulations Governing Private Sector Importation of LNG

EGAS issued its directives governing the private sector importation of liquefied gas, which include providing data on the importer (the applicant), the source of imported gas, potential gas consumers and technical spe...

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...

Deadline for Egypt’s 2nd LNG Tender End of July

The Egyptian Natural Gas Holding Company (EGAS) issued a second international bid for foreign companies to supply 45 liquefied natural gas (LNG) shipments until the end of 2016. The deadline for receiving offers will ...

Iran in Talks with Anonymous Floating LNG Company

Iran is in talks with the biggest floating LNG company for production of liquefied natural gas, head of the National Iranian Gas Company Alireza Kameili said on Thursday. The company, which he did not name, will come ...

Iran LNG Draws Gazprom’s Attention Ahead of Post-Sanction Era

Russia’s Gazprom has announced its interest in Iran’s liquefied national gas (LNG) projects after an official said Tehran planned to revive them which are suspended under sanctions. “Gazprom does not rule out it...

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