LNG Imports to Cease Next Year
Egypt will cease importing liquefied natural gas (LNG) before the end of 2018, the Minister of Petroleum and Mineral Resources, Tarek El Molla, stated.
Egypt will cease importing liquefied natural gas (LNG) before the end of 2018, the Minister of Petroleum and Mineral Resources, Tarek El Molla, stated.
Egyptian and Cypriot officials met to discuss hydrocarbon cooperation
The state-run Saudi Aramco signed $4.5 billion in deals with international companies.
The BP-operated Atoll natural gas field remains on track to begin production in 2017.
Sonatrach will be able to increase its exports of natural gas by 20 million cubic meters per day (mcm/d) to meet increased winter demand.
Sonatrach, Algeria’s state-owned oil and gas company, announced that it plans to invest $2 billion in the Hassi Rmel natural gas field.
Egypt’s consumption of natural gas has risen to approximately 4.5 million tons per month.
The Cyprus Hydrocarbon Company (CHC) is exploring opportunities to export natural gas to Egypt.
The regulations for the new gas law and the regulatory authority it establishes will be submitted to the Cabinet soon.
Sonatrach plans to bring online a $1 billion natural gas project at the Reggane natural gas field this year.