LNG | Egypt Oil & Gas - Part 50
EGAS: More LNG Shipments Due, Import Bill Estimated at $2.25bn Only
EGAS estimated the cost of importing 500mcf/d of gas in the next fiscal year (FY) is at around $2.25bn, instead of $2.5bn. This is due to the continuous decline in Brent oil prices globally and its effect on gas price...
Blackouts Minimized through Maintenance, LNG Imports
Electricity blackouts have decreased this summer compared to previous summers, as the government received fuel supplies for power stations, Ministry of Electricity spokesperson Mohamed Al-Yamani told Daily News Egypt ...
BP To Supply Only 16 LNG Cargoes to EGAS
Egypt has agreed a liquefied natural (LNG) supply deal with British oil major BP through 2015 and 2016, but for less than first proposed, Egyptian officials and trade sources said. BP will supply 16 cargoes under a de...
QNB: BP Data Indicate Qatar has 138 Years Worth of Natural Gas
Qatar has enough gas reserves to maintain production at current rates for some 138 years and is therefore likely to remain central to global hydrocarbon markets for a number of years to come, Qatar National Bank (QNB)...
Noble Group Provides Egypt with LNG
Commodities trader Noble Group will supply a single liquefied natural gas (LNG) cargo to Egypt in late June after winning a closed tender launched two weeks ago, trade sources said. Egypt launched the tender to procur...
First Austrailan LNG Shipment Arrives to Egypt
Egypt is set to receive its first liquefied natural gas (LNG) delivery from Australia on Wednesday, live ship-tracking data on Reuters Eikon showed. The 159,760-cubic-metre cargo aboard the Woodside Rogers loaded at t...
Egypt to Introduce 3rd Floating LNG Terminal
The Egyptian government is preparing the market for a possible third LNG import terminal for private use, even though the tender for the second is not settled and will not be for some time, sources say. Last week, Egy...
Egypt’s Petroleum Imports Up by a whopping 95%
Egypt’s petroleum imports increased 94.7 percent to LE7.82 billion in March from LE4.017 billion in the same period the previous year, state-run news agency MENA quoted the official statistics agency CAPMAS repo...
