shipping | Egypt Oil & Gas
Middle East Oil, LNG Shipments Continue Despite Hormuz Tensions
Middle Eastern producers are continuing to load oil and liquefied natural gas (LNG) despite recent ship attacks in the Strait of Hormuz and renewed US -Iran strikes, according to shipping data reported by Reuters. Shi...
Iraq Moves to Resume Oil Exports After Iran Grants Strait of Hormuz Exemptions
Iraq is taking measures to safeguard its oil exports amid ongoing tensions in the Strait of Hormuz. The State Organization for Marketing of Oil (SOMO) has instructed customers to submit crude lifting schedules within ...
QatarEnergy Markets LNG Tankers for Charter Amid Ongoing Production Shutdown
QatarEnergy is offering ten of its liquefied natural gas (LNG) tankers currently positioned outside the Strait of Hormuz for lease, Reuters reports. This came as the company deals with a production halt at its 77 mill...
Russia’s Gazprom Resumes Portovaya LNG Exports with Shipment to China
Russia’s state-controlled energy giant Gazprom has shipped a liquefied natural gas (LNG) cargo to China from its Portovaya LNG facility, marking the first apparent delivery since the US imposed sanctions on the projec...
LNG Freight Prices Surge to Highest Level in 8 Months Due to Tanker Scarcity, Regional Conflict
Liquefied natural gas shipping costs have surged to their highest level in roughly eight months, driven by reduced vessel availability as more tankers are redirected to Asia amid rising tensions in the Middle East, Re...
SCA Records the Highest Shipping Rates per Day
The Chairman of Suez Canal Authority Osama Rabie disclosed that the canal recorded the highest daily shipping rates on August 7, 2022 reaching 89 ships with total loadings of 5.2 million tons from the two sides. Rabie...
TotalEnergies to Ship UAE’s Oil to Europe
CSSSA, which is affiliated to France’s TotalEnergies as its shipping arm, has provisionally contracted a suezmax tanker to load Abu Dhabi crude in early May for Europe, Reuters reported citing traders and a ship...
Suez Canal Authority Keeps LNG Carrier Tolls Unchanged
The Suez Canal Authority (SCA)confirmed that the transit tolls for LNG carriers would remain steady in 2022. This came in light of the continuous follow-up of the international LNG trade’s current situation. It is wor...
