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Egypt says eyes Russian liquefied gas: Minister

Reuters – Egypt is considering buying liquefied natural gas from Russia, the country’s industry minister said on Wednesday. Egyptian industry and investment minister Mounir Fakhry Abdel Nour, on a visit to Moscow, did not give any other details. Egypt hopes to import more LNG during the summer months. Russia has only one LNG plant, located …

Daily News Egypt

EMEA Oil & Gas winners and losers in Ukraine crisis: Fitch

Reuters – Fitch Ratings says BG Energy Holdings Ltd, BP plc, Royal Dutch Shell plc and Total SA are among the rated oil and gas companies in EMEA that stand to gain from a potential shift in EU countries’ energy links with Russia over time, while OAO Gazprom and NJSC Naftogaz of Ukraine, are most …

Daily News Egypt

Lebanon’s new energy minister says government to press on with gas tenders

Reuters – Lebanon’s new energy minister said on Saturday the government should press forward with its first offshore gas licensing round without further delay and his ministry would not be held up by the country’s political problems. Beirut estimates it has some 96 trillion cubic feet (tcf) of natural gas reserves but political dysfunction has …

Daily News Egypt

BG Group buys Nigerian LNG to replace lost Egyptian output

Reuters –  BG Group has bought six liquefied natural gas (LNG) cargoes from Italian utility Enel as it seeks to replace lost supplies from its Egyptian operations. The British firm will take delivery of the cargoes from October, 2014 at Nigeria’s Bonny Island liquefaction plant, where Enel owns export capacity, according to trade sources. Oil and …

Daily News Egypt

Egypt’s LNG import ambitions thrown into disarray

Reuters – Egypt’s hope of importing liquefied natural gas to stave off an energy crunch this summer may fall through after a Norwegian firm pulled out of a deal to install an LNG import terminal, sources with knowledge of talks between Cairo and the company said. If it fails to secure a means of importing LNG, Egypt would have …

Daily News Egypt

Iran to unveil revised oil, gas contract model soon

Reuters – Iran said on Friday it would soon unveil a more attractive model of contract aimed at persuading international energy companies to invest in its huge though underdeveloped, oil and gas reserves. Ali Majedi, deputy oil minister in charge of international affairs, told his ministry’s Shana news agency that the government would soon complete …

Daily News Egypt

OPEC producer UAE considers importing North American gas

Reuters – The United Arab Emirates, a Gulf OPEC oil producer, said it was looking at the possibility of importing natural gas from North America, in what would be one of the most striking developments since the start of the US shale boom. The United States and Canada are producing record amounts of gas from …

Daily News Egypt

Orascom Construction suspends tax payment to Egypt

Reuters – Orascom Construction Industries has suspended payment of a 31 December instalment of an EGP 7.1bn ($1.02bn) tax settlement with Egypt’s government, its Amsterdam-listed parent company OCI NV said on Wednesday. The settlement was agreed last April, when Islamist President Mohamed Morsi was still in office, and related to claims the company had failed …

Daily News Egypt

Sarin gas used in Damascus attack: Kerry

Hair and blood samples given to the United States from emergency workers on the scene of last month’s attack in the Syrian capital have showed signs of the powerful sarin nerve gas, Kerry told NBC and CNN television.

Daily News Egypt