NEPCO signs gas supply agreements - THE JORDAN TIMES

Sep 17,2019

AMMAN — The National Electric Power Company (NEPCO) and the Jordanian-Egyptian FAJR for Natural Gas Transmission and Supply Company on Tuesday signed two agreements with two companies to provide them with natural gas.

The first agreement stipulates providing the Jordan Phosphate Mines Company (JPMC) with a daily supply of four million cubic feet of natural gas, while the other deal is an amendment to a gas provision agreement with the Nuqul Group, according to a statement by the Ministry of Energy.

Energy Minister Hala Zawati said that the ministry effortlessly work to reduce the costs of energy bills through encouraging local industries to shift to natural gas, as part of the government’s endeavours to help these industries reduce operational costs and increase their competitiveness in the local and international markets.

Zawati said that using natural gas will contribute to lowering the energy costs in factories by 25 to 55 per cent, depending on the type of the fuel replaced with the natural gas.

Significant New Gas Discovery at Karish North - ENERGEAN OIL & GAS

London, 15 April 2019 - Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג) the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery.

Preliminary analysis indicates:

• Initial gas in place estimates of between 1 Tcf (28 Bcm) and 1.5 Tcf (42 Bcm).
• High quality reservoir in the B and C sands.

The well reached an intermediate TD of 4,880 meters approximately 7 days ahead of schedule. A gross hydrocarbon column of up to 249 meters was encountered and a 27 meter core was recovered to surface. Further evaluation will now be undertaken to further refine resource potential and determine the liquids content of the discovery.

Drilling of the initial phase of the Karish North well is now complete. As planned, Energean will now deepen the well to evaluate hydrocarbon potential at the D4 horizon.

Once operations are completed on Karish North, the Stena DrillMAX will return to drilling the three Karish Main development wells. Following this four well programme, Energean has six drilling options remaining on its contract with Stena Drilling. 

The Karish North discovery will be commercialised via a tie-back to the Energean Power FPSO, which is located 5.4km from the Karish North well. The FPSO is being built with total processing and export capacity of 8 Bcm/yr (775 mmcf/d), which will enable Karish North, and future discoveries, to be monetised. 

Israeli Gas Partners in Talks to Boost Supply to Egypt - BLOOMBERG

March 26, 2019, 3:51 PM GMT+2
Yaacov Benmeleh

• Delek CEO was recently in Cairo to discuss new gas quantities
• Shares of Delek climb the most in nearly 3 months on the news

The companies developing Israel’s largest natural gas field are in discussions to increase the amount of supply to Egypt beyond the $15 billion deal inked last year. Shares of Israeli gas stocks rose.

Executives at Delek Drilling LP, the majority shareholder in the Leviathan reservoir, have been in Cairo in recent weeks to discuss how to boost quantities for Egypt’s domestic consumption, Chief Executive Officer Yossi Abu said Tuesday at an investor conference in Tel Aviv. Delek and its partners Noble Energy Inc. and Ratio Oil Exploration 1992 LP are examining ways to increase the field’s capacity to meet an expected increase in Egyptian demand, he said.

State veto rights for DEPA Trade despite minority stake - ENERGY PRESS

28/FEB/2019

Investors preparing for gas utility DEPA’s upcoming privatization will face ambiguous operating conditions as the Greek State, to begin by offering a majority 50.1 percent stake in DEPA Trade following an imminent company split ahead of the sale, is expected to maintain veto rights on a number of strategic matters despite its minority status in this trade venture.

Key issues to concern DEPA Trade will include the gas utility’s long-term agreements with major suppliers such as Russia’s Gazprom, Algeria’s Sonatrach and Turkey’s Botas.

DEPA’s contract with Gazprom, which runs until 2026 and is the biggest of all three, features a take-or-pay clause requiring the Greek gas utility to order no less than 1.5 billion cubic meters of natural gas per year or face fines.

DEPA’s supply agreements with Sonatrach and Botas both expire in 2021. The Botas agreement will not be extended as the soon-to-be-launched TAP project will provide direct supply to Greece from Azerbaijan. DEPA has already signed an agreement for one billion cubic meters of TAP-related natural gas per year.

Subsequently, the Greek State will maintain its influence over DEPA’s supply contracts with Sonatrach and Gazprom.

Greece’s Energean inks deals to supply Israeli gas to Dalia and Or - NEW EUROPE

May 31, 2017 09:00
New Europe Online/KG

Dalia and Or will purchase part of their gas requirements from Karish-Tanin to operate the Dalia power plant as well as future power plants to be built by Or

Greece’s Energean Oil & Gas announced on May 30 that its subsidiary Energean Israel has signed with Dalia Power Energies and its sister company – Or Power Energies, two agreements for the supply of natural gas from the Karish and Tanin fields, offshore Israel.

Dalia and Or will purchase part of their gas requirements from Karish-Tanin to operate the Dalia power plant, the largest private power station in Tzafit, south-central Israel, as well as future power plants to be built by Or, Energean said.

EGPC poses tender to replace Aramco fuel shipments in January - DAILY NEWS EGYPT

Tuesday December 19, 2016

Mohamed Adel

The Egyptian General Petroleum Corporation is set to pose a tender to supply all needs of the domestic market of petroleum products in January, replacing the Saudi Aramco shipments, which were halted since October. A government source told Daily News Egypt that Aramco’s contract to supply 700,000 tonnes of petroleum products per month was stopped, …

The Egyptian General Petroleum Corporation is set to pose a tender to supply all needs of the domestic market of petroleum products in January, replacing the Saudi Aramco shipments, which were halted since October.

A government source told Daily News Egypt that Aramco’s contract to supply 700,000 tonnes of petroleum products per month was stopped, with no talks of resuming it. He added that Egypt is now on the lookout for an alternative source of fuel with a facilitated payment option.

Partners in Israel Leviathan Gas Field Clinch $700 Million Deal - BLOOMBERG

November 24, 2016 — 11:02 AM EET Yaacov Benmeleh

The partners owning rights to Leviathan, Israel’s largest natural gas deposit, signed a $700 million contract to supply gas to Paz Oil Co., as arrangements to finance the project are nearing completion.

Paz, the country’s biggest fuel company, will receive about 3.1 billion cubic meters of gas over 15 years, according to a Tel Aviv Stock Exchange filing on Thursday. The deal would be the fourth linked to Leviathan.

Egypt says increasing tenders for oil to raise reserves -CBC / REUTERS

Sun Oct 9, 2016 9:23pm GMT

CAIRO Oct 9 (Reuters) - Egypt's recent spike in purchase tenders for petroleum products is part of ongoing efforts to build strategic stocks, the petroleum ministry spokesman said on Sunday on local television amid questions over a possible suspension of Saudi oil aid.

Saudi Arabia agreed to provide Egypt with 700,000 tonnes of refined oil products per month for five years under a $23 billion deal between Saudi Aramco and the Egyptian General Petroleum Corporation (EGPC) signed during a state visit this year by Saudi Arabia's King Salman.

Egypt has not received October allocations of petroleum aid from Saudi Arabia, traders told Reuters, forcing its state oil buyer to rapidly increase tenders even amid a severe dollar shortage and growing arrears to oil producers.

Leviathan partners sign $3b gas deal - GLOBES

29/05/2016, 16:15

Hedy Cohen

Leviathan will supply 13 BCM over 18 years to the IPM power plant in Be'er Tuvia.

The partners in the Leviathan natural gas reservoir today announced the signing of a gas supply agreement with the IPM company in Be'er Tuvia. The partnership will supply 13 BCM of gas to the power station slated for construction in the Be'er Tuvia industrial zone. The value of the 18-year agreement is estimated at $3 billion. The contract is the second for the partners, following a contract with Edeltech, owned by the Edelsberg family, last January.

Engagement in an Agreement for the Supply of Natural Gas from the Leviathan Project to Edeltech - DELEK GROUP

Tel Aviv, January 31, 2016.

Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that attached is an Immediate Report submitted by each of Avner Oil Exploration Limited Partnership and Delek Drilling Limited Partnership ("the Partnerships") with regard to an agreement that was signed for the supply of natural gas between the Partnerships and the other Leviathan Partners and Edeltech Ltd.

Further to the provisions of the Partnerships’ immediate reports of January 7, 2016 regarding the holding of talks and/or negotiations of the partners in the Leviathan project, including the Partnership (the “Leviathan Partners”) for the marketing of natural gas to potential consumers in the local market, the Partnerships hereby respectfully announce as follows:

On Saturday evening, January 30, 2016, an agreement was signed for the supply of natural gas between the Partnerships and the other Leviathan Partners and Edeltech Ltd. (“Edeltech” or the “Buyer”), whereby Edeltech will buy from the Leviathan Partners natural gas for the purpose of operating power plants which it is due to build, together with its Turkish partner Zorlu, in Ashdod and Mishor Rotem (the “Supply Agreement”).

According to the Supply Agreement, the Leviathan Partners undertook to supply to the Buyer natural gas at a total scope of approx. 6 BCM (billion cubic meters) (the “Total Contractual Quantity”), in accordance with the terms and conditions specified in the Supply Agreement.