Egypt rushes for LNG as summer power demand tops 40 GW
Egypt is seeking to import more LNG as electricity demand this summer is forecast to rise 8% above last year’s peak of 40 Gigawatt. Regasification capacity has been maximised, while the Damietta LNG export terminal gets used to store cargoes for emergency use.
Cyprus gas to be commercialized via Egypt LNG route
QatarEnergy, ExxonMobil and Egypt have agreed to assess commercializing Cyprus gas discoveries via Egypt’s existing LNG infrastructure. Supply from the Aphrodite discovery, estimated at 4.5 trillion tcf, will be routed to Egypt’s underutilized liquefaction plants at Idku and Damietta, with 12.2 mtpa capacity combined.
First cargo arrives at Egypt’s FSRU in Damietta
Arrival of the first cargo marks the launch of EGAS’ new floating storage and regasification unit (FSRU) in Damietta. The ‘Energos Winter’, a 138,250-cubic-metre vessel, has been chartered at an estimated cost of $3 million per month, complementing the existing FSRU at Ain Sokhna.
Growing gas deficit forces Egypt to arrange more LNG imports
Egyptian Natural Gas Holding Company (EGAS) strives to source more LNG to meet the country’s growing gas deficit via a second floating regas terminal. The ‘Energos Winter’ FSRU, chartered from New Fortress Energy, is currently en route to Damietta Port, where it will join the Energos Eskimo before the end of August.
Eni of Italy and Spanish utility Naturgy seek to reopen Egyptian Damietta LNG export plant
Italian energy company Eni and Spanish partner Naturgy Energy Group are in talks to reopen the Egyptian Damietta LNG export plant near the East Mediterranean port of Alexandria, now that an arbitration dispute has been settled.
Egypt is obliged to pay Spanish joint venture US$2Bln for 2014 closure of Damietta LNG plant
Egypt is being obliged to pay over US$2 billion plus interest and legal costs after losing an international tribunal dispute to Union Fenosa Gas for the unilateral interruption of gas supply to UFG’s liquefaction plant in Damietta, near the Mediterranean port of Alexandria.
Egypt on track to halt LNG imports as natural gas production is ramped in East Med field
Egypt is on track to halt LNG imports by year-end as natural gas production was ramped up at its large-scale discovery in the East Mediterranean, about 180 kilometres offshore from Port Said and in waters of 1,500 metres in depth.
From Egypt to UK terminal
April 4 (LNGJ) - The carrier “Maran Gas Apollonia” is scheduled to arrive on April 8 at the UK Dragon LNG import terminal in Milford Haven from Egypt’s Idku export plant as the North African nation ramps up production from new gas fields to meet domestic needs as well as future LNG exports. Egypt’s liquefaction facility at Idku began exporting small volumes of LNG again in late 2016 and early 2017 after operator Royal Dutch Shell reached an agreement for limited feed-gas supplies from Egyptian Natural Gas Holding Company. Idku, located east of the port of Alexandria, loaded its first cargo in May 2005. Egypt’s second export plant is at Damietta. The two facilities exported a combined 10 million tonnes of LNG during their peak production year of 2008.
Egyptian natural gas field comes on stream amid hopes of LNG output to replace imports
BP of the UK started natural gas production from the Atoll Phase One project in the East Nile Delta offshore Egypt as the country drew closer to ending LNG shipments to meet shortfalls in demand.
BP CEO Dudley says Egyptian natural gas discovery turns Nile Delta into world-class basin
UK major BP has made another natural gas discovery in the North Damietta offshore concession in the East Nile Delta of Egypt where it recently bought into the huge Zohr gas field licence in the East Mediterranean controlled by Italian energy company Eni.
