Egypt’s average natural gas production declined this year to 4.395bn cubic feet per day, compared to about 4.6bn cubic feet in 2014. A Petroleum Ministry report revealed that foreign partners are slowing down the deve...
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...
Israel’s security cabinet voted on Thursday in favour of a plan that would allow a U.S.-Israeli energy group to keep control of most of the country’s natural gas deposits but would also put some others up ...
Egypt signed on Thursday a deal with Norwegian seismic surveyor PGS company to carry out the largest seismic exploration project in Egypt’s territorial waters in the Mediterranean Sea, EGAS said. The exploration...
Gas production at the Leviathan field offshore Israel is now expected to start in 2020, delayed from the latest estimate of early 2018, energy industry sources said Sunday. They said the revised timetable will be part...
Israel’s Tamar Group, owner of natural gas fields, will start importing gas to Egypt by 2017. Negotiations are still taking place with Spanish Unión Fenosa, owner of Damietta liquefaction plant to finalise the agreeme...
Egypt has allocated 61 billion EGP ($8 billion) for fuel subsidies in the draft of 2015/2016 fiscal year budget, EGPC Chairman Tarek el-Molla said in a Saturday statement. On Thursday, Egypt’s cabinet approved an init...
Major Russian companies are eager to invest in various Egyptian economic sectors, most notably the energy and natural gas sectors, said Trade and Industry Minister Mounir Fakhry Abdel Nour. The companies, currently pa...
A senior official at the National Iranian Gas Export Company (NIGEC) says Iranian companies are planning to export gas-generated electricity to five neighboring countries. Alireza Kameli, managing director of the NIGE...
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)...