TANAP delivers 2.39 billion cubic meters of gas to Turkey as of August - DAILY SABAH

27.09.2019 
BARIŞ ERGIN

The amount of gas the Trans-Anatolian Natural Gas Pipeline (TANAP) has carried to Turkey has reached 2.39 billion cubic meters as of August, TANAP General Manager Saltuk Düzyol said.

"A total of 30%, corresponding to $450 million, of the revenue of $1.45 billion that will be generated when the total transmission capacity is reached, will belong to BOTAŞ [Turkish Petroleum Pipeline Corporation] every year. We predict that TANAP will reach a full transmission capacity of 16 billion cubic meters in two to three years," Düzyol told a group of journalists in Ankara yesterday.

The 1,850-kilometer TANAP forms the backbone of the Southern Gas Corridor, a project to increase and diversify European energy supply by bringing gas resources from the Caspian Sea: Shah Deniz 2 gas from Azerbaijan to Turkey and through Turkey to Europe markets.

Tamar partners in talks to amend Israel Electric gas deal - REUTERS

SEPTEMBER 24, 2019 / 3:05 PM

JERUSALEM (Reuters) - A number of partners in the Tamar natural gas field off Israel’s coast have offered utility Israel Electric (IEC) [ISECO.UL] a discount on a new gas supply deal.

The offer came from three of the six members of the group — Tamar Petroleum (TMRP.TA), Isramco Negev (ISRAp.TA) and Dor Gas Exploration, which own some 49% of the project, Tamar said in a regulatory statement in Tel Aviv.

Earlier this year, state-run IEC signed a gas supply deal with the Leviathan field, which is also off Israel’s Mediterranean coast and set to begin production later this year.

Tamar said it would give a total discount of $70 million.

Any changes to the deal would require approval by all the Tamar partners, including Noble Energy (NBL.N), Delek Drilling (DEDRp.TA) and Everest Infrastructure. Noble and Delek are also partners in Leviathan.

IEC declined to comment.

Numbers about natural gas activities in Egypt - EGYPT TODAY

Tue, Sep. 24, 2019

CAIRO – 24 September 2019: Egypt has put a number of gas fields on the map of production during the last period, which was reflected on the rates of gas production in September to hit 7.2 billion cubic feet per day.

The following are the most important figures that drew the map of natural gas activity in the last period:

1. Launching an international tender for oil and gas exploration in 10 sectors in the Red sea.
2. Signing Noor Marine Agreement, with investments of research and exploration amounting to about $85 million.
3. The value of investments in the field of research, development and operation of natural gas activity reached about $3.7 billion during 2018/2019.
4. Egypt's natural gas production has risen to unprecedented rates.

EGAS Offers Six LNG Cargoes from Idku Plant - ENTERPRISE

Sunday, 22nd September 2019

Egyptian Natural Gas Holding Company (EGAS) has offered six Liquefied Natural Gas (LNG) loading cargoes from the Idku plant during the period between October to November 2019, Reuters quoted two industry sources saying.

The cargoes are offered on the basis of a Free-On-Board (FOB) for loading between October 5th, 2019 and November 1st, 2019.

EGAS was founded in Egypt in 2001, as an entity mandated to focus on the natural gas activities to organize and handle the activities of the natural gas resources of Egypt to add value to the Egyptian economy.

EGAS to sign 7 new gas exploration agreements with int’l companies in 4Q2019 - ENTERPRISE

Sunday, 22 September 2019

State-owned EGAS expects to sign seven new gas exploration agreements with international companies worth at least USD 712 mn during 4Q2019, Chairman Osama El Bakly said, according to a ministry statement. 

Companies will drill 23 exploratory wells under the terms of the agreement, he said, without naming the concessions or companies involved. 

El Bakly also said that Egypt’s natural gas production hit a record 7.2 bcf/d in September, up from 7 bcf/d at the end of June.