Egypt’s position as regional gas export hub for East Med gets US support - ENTERPRISE

Sunday, 15 September 2019

Egypt’s position as regional gas export hub for East Med gets US support: US Deputy Energy Secretary Dan Brouillette met with Oil Minister Tarek El Molla on Thursday in Cairo to discuss moving forward with the US-Egypt Strategic Energy Dialogue — a bilateral cooperation initiative aimed at strengthening Egypt’s energy production, storage and distribution capacity. The project, which came out of an MoU signed during US Secretary of Energy Rick Perry’s visit in July, seeks to capitalize on Egypt’s position as the regional gas export hub for the East Mediterranean Gas Forum countries and hopes to attract new energy investments, said Brouillette. Following the meeting, Brouillette held a roundtable with a select few news outlets, including Enterprise, to discuss the initiative and Egypt’s role in the region’s energy. The Wall Street Journal also had the story.

Egypt, U.S. sign deal to boost oil, gas cooperation - XINHUA

2019-07-27 01:56:41|Editor: Mu Xuequan

CAIRO, July 26 (Xinhua) -- Egypt and the United States signed on Friday a memorandum of understanding (MoU) to boost bilateral cooperation in the oil and gas industry.

The MoU was signed in Cairo by Egyptian Minister of Petroleum and Mineral Resources Tareq al-Molla and U.S. Secretary of Energy Rick Perry, according to a statement released by the Egyptian Petroleum Ministry.

The agreement is meant to facilitate the exchange of technical information, consultancy services and the transfer of technology in the fields of oil and gas exploration, production and refining, as well as petrochemicals, the statement said.

Egypt committed to working with US, highest standards in gas projects - ENTERPRISE

Tuesday, 21 May 2019

El Sisi meets with Noble Energy boss, says Egypt is committed to strengthening ties with the US: A meeting between President Abdel Fattah El Sisi and Noble Energy CEO David Stover tops the front pages of Al Ahram, Al Akhbar and Al Gomhuria this morning. El Sisi used the occasion to reaffirm Egypt’s commitment to strengthening strategic ties with the US and said the country was following the highest standards in its gas exploration and production projects.

Other coverage of the story: Noble, which is helping lead the charge to develop Israeli gas fields and sell the offtake to Egypt, is interested in a helping build a gas pipeline between Egypt and Cyprus, an unnamed Oil Ministry source told Youm7. No further details were provided on the company’s plans. Egypt and Cyprus signed an agreement last year, which would allow natural gas from the Aphrodite gas field to be transported to Egypt’s liquefaction facilities at Idku and Damietta, and re-exported as liquefied natural gas.

Trump's energy dominance agenda hinges on Egypt - WASHINGTON EXAMINER

April 10, 2019 11:59 AM

John Siciliano & Josh Siegel

President Trump needs Egypt’s economy to grow up fast if he wants his vision of “energy dominance” to come into full force, seeing that the North African country is a key lynchpin in the global oil market, yet in desperate need of infrastructure investment.

At Tuesday’s meetings at the White House, Trump and Egyptian President Abdel Fattah Al-Sissi discussed a new, loosely organized natural gas collaboration between Egypt, Israel and Southern Europe as necessary for the two countries’ ambitions.

“One of the things we’ve been particularly encouraged by over the course of recent years is the increasing leadership role the Egyptians are playing in terms of developing the [natural] gas assets in the Eastern Mediterranean, which has been a very productive area of cooperation,” said a senior White House official with the National Security Council ahead of the meeting.

Trump wants Al-Sissi to use Egypt’s newfound natural gas discoveries to modernize the country’s economy and upgrade the global trade infrastructure at the Suez Canal.