Petroleum Minister Tarek El Molla discussed the USD 950 mn plan to develop phase 9B of the Borollos gas field with the head of Malaysia’s Petronas on Saturday, Al Borsa reported. The project involves drilling eight new wells with a daily capacity of 387 mcf.
Egyptian LNG (ELNG) is a joint venture between PETRONAS and partners Egyptian General Petroleum Corporation, Egyptian Natural Gas Holding Company, BG Group, and Gaz de France.
The ELNG project comprises the development and operation of an LNG liquefaction plant and related infrastructure at Idku, approximately 50 kilometres east of Alexandria in Egypt. Currently, two trains are up and running, each at a capacity of 3.6 million tonnes per annum. PETRONAS’ capabilities in the project management and development of a fully-integrated LNG operation was again proven as ELNG set a record of being the world’s fastest developed LNG project – six years from the first exploration well to the lifting of the first cargo in 2005. The ELNG plant receives its feedstock from PETRONAS’ upstream operations in the offshore West Delta Deep Marine concession, in which it is a 50:50 equity partner.