Israeli LNG and gas project developer NewMed Energy decides to invest in third Leviathan field pipeline
NewMed Energy, the Israeli natural gas company and LNG project developer in the East Mediterranean, has taken a positive final investment decision for a third natural gas pipeline for production wells in the Leviathan gas field amid LNG export and domestic supply plans.
NewMed Energy of Israel reports progress on having Cypriot Aphrodite field gas sent to Egyptian LNG plant
NewMed Energy, the Israeli natural gas company and LNG project developer in the East Mediterranean, said plans for the Aphrodite gas field offshore Cyprus are now focused on transportation of the gas by a pipeline to LNG processing facilities in Egypt.
Chevron CEO outlines Australian LNG maintenance plans and expansions in East Med and Equatorial Guinea
Chevron Corp., the leading LNG production company with operated plants from Australia to Angola, reported 5 percent higher first-quarter earnings, rising to $6.57 billion and noted that planned LNG maintenance was scheduled in the second quarter.
Israel’s NewMed Energy makes LNG development decision after halting merger with UK’s Capricorn
NewMed Energy, a stakeholder with US major Chevron in the large Leviathan natural gas field offshore Israeli, has approved budgets for 2023 including gas field development to provide feed gas for a floating LNG project.
Chevron explains earnings targets and moves to adapt LNG strategy with more Atlantic Basin activities
Chevron Corp., the US major with liquefied natural gas projects in nations such as Australia and mainly supplying the Asia-Pacific region, said events in Europe meant a gradual change in strategy to increase LNG activities in the Atlantic Basin, including the East Mediterranean.
Israel’s NewMed Energy with gas assets and LNG plans continues merger process with UK’s Capricorn
NewMed Energy, formerly Delek Drilling and owner of the largest Israeli offshore natural gas field and a likely future LNG feed-gas supplier, is continuing with the process of being listed on the London Stock Exchange through a reverse takeover of UK company Capricorn Energy.
Egyptian Natural Gas Holding joins with Nordic companies for Suez Canal LNG bunkering joint venture
Egyptian Natural Gas Holding Company (EGAS), the state owner of the Arab nation’s natural gas assets, and Kanfer Shipping, the Norway-based company focusing on small-scale LNG sea transportation and LNG bunkering, said they had formed a joint venture to re-fuel ships transiting the Suez Canal.
Eni awarded five Egyptian licences in East Mediterranean Sea, the Western Desert and Gulf of Suez
Eni, the Italian energy company with exploration success in the African continent supplying feed gas for LNG projects from Egypt to Mozambique, has been awarded five new licences by the Egyptian Ministry of Petroleum.
Italy’s Eni outlines expansion of Egypt’s Western Desert Gas Complex in Alexandria to tap gas reserves
Italian energy company Eni has outlined a project to expand natural gas treatment facilities in Egypt connected to the Western Desert Gas Complex in the port of Alexandria to further tap the region's gas reserves.
The expansion of natural gas facilities coincided with an agreement with the Government of Egypt, the Egyptian General Petroleum Corp.(EGPC) and Russian oil company Lukoil for the merger of the concessions of Meleiha and Meleiha Deep, in Egypt's Western Desert, and their extension to 2036.
The extension of the Meleiha concession time also has the possibility of reaching out to a further timeline of 2041.
“The agreement, which marks another important result for Eni in the prolific basin of the Egyptian Western Desert, will unlock, through enhanced contractual terms, the area’s considerable resources,” explained Eni.
“The company will leverage the skills of local contractors already involved in the implementation of important projects in Egypt, including the fast-track development of the giant Zohr gas field,” said Eni.
Before the bringing on stream of the Zohr field in the East Mediterranean in 2017, Egypt had been forced to import LNG from 2015 in two floating storage and regasification units deployed at Ain Sokhna in the Gulf of Suez.
The Egyptians halted LNG imports two years ago and have now started regular exports of LNG from their two liquefaction facilities at Idku and Damietta, east of the port of Alexandria.
The Idku LNG export plant has been on stream again since 2017 under the operatorship of Royal Dutch Shell, which acquired original operator BG Group.
The Damietta facility only re-started operations and exports in February 2021.
With Damietta back on stream, Egypt added 4.5 million tonnes per annum of LNG output to its export volumes now totalling 12.5 MTPA.
The Milan-based major has completed a high-resolution 3D seismic acquisition of the Meleiha blocks ahead of intensive exploration and a development drilling campaign in the Meleiha and Meleiha Deep concessions.
The concessions are operated by Agiba, the 50-50 joint venture between Eni and EGPC through an Eni subsidiary that holds a 76 percent interest in the concessions, while Lukoil holds a 24 percent interest.
Italy's Eni and Damietta LNG partners close amicable settlement and Egyptian cargoes now flowing
Italian energy company Eni said the final agreement has been finalized that settled the dispute over operations at the Egyptian Damietta LNG export plant near Alexandria and the facility has been ramped up and cargoes are flowing.
