Egypt signs agreement to increase natural gas production and LNG exports from plants on East Med coast
Egypt has signed an agreement to increase natural gas production and LNG exports from its two liquefaction plants east of Alexandria to European customers and specifically Italy.
Italian company Eni moves on re-opening of idled Damietta LNG export plant in Egypt
Italian energy company Eni has signed a series of agreements with the government of Egypt and state-owned companies to prepare for the re-opening of the nation’s Damietta liquefaction plant by June 2020.
Egypt holds ceremony on latest gas concession agreement that may help underpin LNG exports
The Egyptian Government has approved the sale of stakes to BP of the UK and Mubadala Petroleum of the United Arab Emirates in the Nour North Sinai offshore exploration concession after both companies had previously invested in the huge Zohr field that enabled the Egyptians to re-start LNG exports.
Eni $2Bln bond plan
April 6 (LNGJ) - Italian energy company Eni, whose investment programmes include LNG projects in Mozambique and natural gas ventures in the Eastern Mediterranan and Egypt, said its board had approved the placement of bonds with institutional investors to the tune of $2 billion. “The bonds, if issued, will enable Eni to pre-fund future financial needs, widen its investor base and maintain a well-balanced financial structure,” said Eni. “The bonds may be listed on one or more regulated markets or on multilateral trading facilities,” it added.
Royal Dutch Shell exits gas field offshore Gaza and leaves Palestinians to pursue project
Royal Dutch Shell has formally exited a natural gas project offshore the Gaza Strip and handed over control to the Palestine Investment Fund (PIF), the Palestinian Authority’s investment arm, to seek its own energy success in an East Mediterranean field with proven reserves.
Eni sells UAE stake for almost $1Bln in natural gas field that enabled Egypt to halt LNG imports
Italian energy company Eni has agreed to sell a stake for $934 million to the United Arab Emirates-based Mubadala Petroleum in the prolific Shorouk concession offshore Egypt containing the huge Zohr natural gas field that will enable the Egyptians to halt LNG imports as most of their domestic gas requirements will be met.
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.
Israeli Delek Group still expects to sell gas from East Med to Egypt despite Zohr field project
Delek Group, the Israeli company focusing on the energy sector, said it expected to sell natural gas to Egypt in the future from its Tamar and Leviathan gas field projects in the East Mediterranean as Egyptian needs outstrip its supplies.
Eni of Italy given US Arctic drilling approval after Mozambique LNG and Egyptian gas successes
Italian energy Company Eni, which has an impressive record of huge natural gas finds in recent years that have led to LNG development in Mozambique and Egypt soon ending its shortfall in pipeline gas, has received approval from the US for drilling offshore Alaska.
Leading LNG producer Qatar joins Italy's Eni in exploration licence venture for offshore Oman
Italian energy company Eni, which in recent years has made huge natural gas discoveries offshore Egypt and Mozambique that will impact LNG markets, has entered into an exploration and production sharing agreement for Block 52 offshore Oman and has brought Qatar Petroleum in as a licence stakeholder.
