Abu Dhabi National Oil Co. (Adnoc) and BP plc are creating a joint venture (JV) focused on Egyptian natural gas production as conflict in Israel and Palestine continues to pressure Eastern Mediterranean energy exports. The new JV, majority-owned by BP (51%), would include the London-based major’s interest in three offshore development concessions, as well as…
Egypt
Articles from Egypt
Egyptian LNG Exports Lifted by Return of Israeli Feed Gas
Egypt’s LNG exports have bounced back this month after domestic gas shortages and war in Israel have curbed output this year. Kpler data showed this week that Egypt has exported three full cargoes so far this month and a fourth vessel has a port call for Idku on Thursday. One of those cargoes is destined…
European Natural Gas Prices Gain as Egypt Says Pipeline Imports Stop – LNG Recap
Egypt’s government said Sunday that its natural gas imports have stopped as Israel intensified its fight against Hamas in Gaza. Natural gas prices in Asia and Europe stabilized Monday after declines last week. The market again braced for the possibility of a broader conflict in the Middle East. Egypt said Sunday that gas supplied from…
LNG Tanker Cancels Arrival at Idku LNG in Egypt After Drop in Feed Gas Amid Israeli Conflict – The Offtake
A roundup of news and commentary from NGI’s LNG Insight A vessel has canceled its arrival at the Idku LNG terminal in Egypt, where feed gas deliveries have been reduced by Chevron Corp.’s move to shut down the Tamar gas field offshore Israel after war broke out there earlier this month. Egypt resumed loading cargoes…
War, Labor Strikes and Possible Sabotage Spook LNG Market as Winter Nears
Israel’s war against Hamas has done little so far to disrupt global natural gas supply balances, but a confluence of factors have combined in a short period of time to shatter the perceived sense of calm that had prevailed over the market heading into winter. “I don’t think fundamentals have changed at all, however, sentiment…
Egypt Signals Return of LNG Cargoes as Global Prices Continue to Plunge
Egypt has resumed loading LNG cargoes after months of absence from the export market, adding a further supply buffer for Europe as prices continue dipping. A ship controlled by TotalEnergies SE loaded at the Idku liquefied natural gas terminal in Egypt Thursday (10/5) before making a possible voyage to an import terminal in Europe, according…
Egypt Resumes LNG Exports, but Production Declines Threaten Overall Output
Egypt plans to resume LNG exports in the fall after curbing them to meet domestic power demand, according to Energy Minister Tarek el-Molla. However, the combination of continued high temperatures and Egypt’s declining feed gas supplies could impact future liquefied natural gas exports. According to Kpler analyst Laura Page, Egyptian LNG exports have posted year-over-year…
Egyptian LNG Exports Climbing as Europe Demand Fueling Supply Growth
Egypt ramped up LNG exports last year to maximize use of its terminals and further its role as a hub of Mediterranean and Middle Eastern supply to Europe. Minister of Petroleum and Mineral Resources Tarek El-Molla said in a press briefing Wednesday that Egypt exported around 8 million tons (Mt) of liquefied natural gas during…
Nord Stream Operator Gains Access to Survey Ruptured Pipelines – The Offtake
Nord Stream AG, operator of the Nord Stream 1 and Nord Stream 2 natural gas pipeline systems, has been granted access in the security zones around the ruptured lines.
Reduce Industry’s Methane Leaks to Boost U.S. Natural Gas Supply, Says Biden EPA
Curbing methane leaks from oil and natural gas operations would increase supplies pledged to Europe and help to reduce the impacts from climate change under a proposed rulemaking by the Biden administration. The updated rulemaking issued Friday (Nov. 11) by the U.S. The Environmental Protection Agency (EPA) would impact thousands of natural gas and oil…