Egypt’s LNG imports nosedive in January - LNG WORLD NEWS

9 FEB 2018

Egypt’s imports of liquefied natural gas (LNG) declined dramatically in January as the country is gearing towards halting the imports due to increase in domestic gas production.

The country’s LNG imports in January dropped 66% year-on-year, pursuing the downward trend registered in the fourth quarter last year when they declined 40 percent as production from new fields ramp up, according to the France-based international association for gas, Cedigaz.

The Cedigaz infographic shows that only Qatar and Norway supplied LNG to Egypt in January.

Egypt that has turned a net importer over the course of 2016, due to falling production, has deployed two FSRUs in Ain Sokhna that serve as the country’s import terminals.

Parliament approves extending SUMED work for 27 years - DAILY NEWS EGYPT

November 20, 2017 

Mohamed Farag

Company executes oil projects with investments of $415m

The Energy and Environment Committee of the House of Representatives, headed by MP Talaat Al-Suwaidi, approved on Sunday a draft law of the government to extend the term of the Arab Petroleum Pipelines Company (SUMED).

Hisham Lutfi, representative of the Ministry of Petroleum, said that the company has established a port for liquefied natural gas vessels in Ain Sokhna, in the context of maintaining relations with investors.

During the meeting, Al-Suwaidi said that under the proposed draft law, SUMED’s terms are lengthened by 27 years, starting from the end of the term in Law No. 10 for 1992.

Cabinet extends SUMED operations 27 years - EGYPT TODAY

Thu, Aug. 17, 2017

CAIRO – 17 August 2017: The Cabinet approved Thursday a draft law to extend the operations of the Arab Petroleum Pipelines Company (SUMED) for 27 years.

The draft law is planned to be effective when the operations period of the company ends, the Cabinet said in a statement.

Established in 1974, SUMED was founded with a $400 million in capital to own and operate two parallel pipelines linking Ain Sokhna terminal on the Red Sea to Sidi Kreir terminal on the Mediterranean.

The Egyptian General Petroleum Company (EGPC) holds 50 percent stake in SUMED.

Other shareholders are Saudi Arabian Oil Company (Aramco) at 15 percent, Kuwait Metal Pipe Industries Company at 15 percent, UAE’s International Petroleum Investment Company at 15 percent and Qatar Petroleum at 5 percent. 

Egypt: BW Singapore FSRU moves to port in Sumed - LNG WORLD NEWS

FSRU BW Singapore

June 7, 2017

Singapore-based gas shipping giant BW said its FSRU BW Singapore has been relocated to the port in Sumed, Egypt to continue its contract with the Egyptian Natural Gas Holding Company (EGAS).

The FSRU so far served as Egypt’s second import terminal in the port of Ain Sokhna, starting full operation October 2015.

In a brief social media statement, BW’s LNG unit noted that the relocation of the FSRU, which was a business decision made by EGAS, demonstrates the flexibility to optimize operations for the charterer.

BW Singapore, serving EGAS under a five-year charter, has a storage capacity in excess of 170,000 cbm and a peak regasification capacity of 750 mmscfd.

Iraqi crude oil to arrive in Egypt within 2 weeks - EGYPT INDEPENDENT / AL MASRY - AL YOUM

Sat, 06/05/2017 - 12:08

An official source with the Ministry of Petroleum said that the Iraqi shipment of Basra crude oil, which began shipping operations in Iraqi ports on Thursday, will arrive in Egypt within two weeks.

The source added, in statements to Al-Masry Al-Youm, that the Iraqi side stressed that the shipments which will arrive at the port of Ain Sukhna amount to about 2 million barrels during this period.

The high-level source added that the agreement with Iraq was not a substitute for the agreement with Saudi Aramco, which resumed shipments of petroleum products to Egypt last month, after it had been suspended during the last period.

Egyptian General Petroleum Corp seeks up to 178,000 tonnes gasoil - AME INFO

December 27, 2016 12:04 pm

Egyptian General Petroleum Corp (EGPC) is seeking up to 178,000 tonnes of gasoil for delivery in January, a tender document showed on Tuesday.

The state-owned company is seeking two cargoes of 30,000 to 33,000 tonnes each of 0.1 percent sulphur gasoil for delivery into Alexandria or El Dekheila ports over Jan. 11 to 13 and Jan. 22 to 24.

It is also seeking via a separate tender two cargoes of 34,000 to 36,000 tonnes each of 0.1 percent sulphur gasoil for delivery into Suez port over Jan. 11 to 13 and Jan. 24 to 26 and 35,000 to 40,000 tonnes of 0.5 percent sulphur gasoil for delivery into Ain Sukhna over Jan. 23 to 25.

Oil Ministry postpones hiring third FSRU - ENTERPRISE

Thursday, 1 December 2016

The Oil Ministry has postponed commissioning a third FSRU, saying it has no need to increase natural gas imports for 2017, Oil Minister Tarek El Molla told Al Borsa. The FSRU was scheduled to arrive at the SUMED port in Ain Al Sokhna in June 2017. We reported earlier this week that EGAS has locked-in its 2017 gas needs through a “mega tender” that gave it 96 cargoes for delivery across 2017 and 2018 with the option to buy 12 additional cargoes this coming year.

Egypt: FSRU BW Singapore hits LNG STS milestone - LNG WORLD NEWS

LNG World News Staff
Posted on September 14, 2016

Singapore-based gas shipping giant BW said its FSRU BW Singapore, used as Egypt’s second LNG import terminal in Ain Sokhna Port, has achieved a milestone ship-to-ship (STS) transfer.

BW Singapore completed its 50th STS transfer since it started operations in Ain Sokhna in October last year, BW said on Tuesday through its social media channels.

The shipping company confirmed in September last year it had been selected by Egas of Egypt to provide LNG regasification services under a five-year deal utilizing the FSRU.

Egypt- Power plants' gas consumption rises to 3.4bn cubic feet a day: Petroleum Ministry - MENAFN / DAILY NEWS EGYPT

14/07/2016

In the past week, power plants' consumption of natural gas reached about 3.4bn cubic feet per day compared to 3.3bn cubic feet as a result of high temperatures.

A source at the Ministry of Petroleum told Daily News Egypt that the power plants receive 30,000 tonnes of fuel oil per day as well as 4,000 tonnes of diesel.

He said that gas imports through the two floating natural gas import terminals at Ain Sokhna Port and the Jordan gas line have increased to reach 1.3bn cubic feet per day, which is the maximum capacity for gas imports. The gas imports are made up of 1.2bn cubic feet coming from the terminals in Ain Sokhna and 100m cubic feet coming from the floating natural gas import terminal at Aqaba Port in Jordan.

Egypt seeks third FSRU - NATURAL GAS AFRICA

June 29th, 2016

Egypt is reported to have launched a tender for a third floating LNG import terminal to meet anticipated growth in demand from power plants.

Daily News Egypt on June 26 quoted the petroleum minister, Tarek El-Molla, saying that a tender for the charter of a third floating storage and regasification unit (FSRU) would be issued this week; he told the news service that the vessel would have a regasification capacity of 750mn ft³/d.

Reuters on June 29 reported that the tender was launched June 28, with offers from companies due within two weeks, citing an official from state-run gas company Egas. NGA was unable to get confirmation direct from Egas or shipowners.

Kuwait holds talks with Petroleum Ministry to refine oil in Egypt - ENERGY EGYPT / MUBASHER

June 19, 2016

KPCA delegation from Kuwait Petroleum Corporation (KPC) had talks with the Egyptian petroleum minister over the possibility of refining the Kuwaiti oil in Egyptian refineries, according to a statement issued on Friday.

The studies included the increase of shipping and storage facilities in SUMED’s location in Ain Sukhna and Sidi Kerir, as well as raising storage capacity.

This steps comes in line with Kuwait’s strategy for increasing oil production to 4 million barrels a day by 2020, and exploiting Egypt’s strategic platform to expand in Europe, said KPC’s director general Nabil Bouresli.

He clarified that Kuwait intends to expand in the African market, by entering the Egyptian market.

EBRD: $341 million loan to upgrade Egypt’s oil and gas infrastructure - ENERGY EGYPT / EBRD

Tanker Ship Application & Tank Farm Terminal

February 7, 2016

The European Bank for Reconstruction and Development (EBRD): The funds will be used to construct and operate a bulk-liquids terminal.

A US$ 341 million facility to Sonker, an Egyptian company providing hydrocarbon storage and bunkering, will support a significant upgrade of the country’s oil and gas infrastructure and will contribute to the energy security of Egypt.

As part of a consortium, the EBRD is extending a US$ 72 million senior loan and a US$ 22 million mezzanine loan to the company, while the International Finance Corporation (IFC), a member of the World Bank Group, is providing a US$ 70 million senior loan along with a US$ 22 million mezzanine loan and mobilising US$52.5 million from other investors. In addition, the Commercial International Bank (CIB) of Egypt, the country’s largest private-sector bank, is availing with US$ 28 million and the equivalent of US$ 44 million in Egyptian pounds loan as well as a US$ 30 million Credit Support Instrument Facility.

Italy eyes energy projects in Egypt - ENERGY EGYPT / DAILY NEWS EGYPT

February 4, 2016

Italian Minister of Economy Federica Guidi previously said Egypt is keen on attracting Italian investments

Italy has agreed to upgrade Egypt’s Middle East Oil Refinery (MIDOR), participate in building a complex for petrochemical industries in Ain Sokhna, and update a number of combined-cycle power plants.

The projects are also expected to increase energy efficiency, Head of the Cairo’s Egyptian-Italian Business Council Khaled Abu Bakr said in statements on Wednesday, state-run news agency MENA reported.

LNG FSRU 'BW Singapore' in full operation in Ain Sokhna, Egypt - BW GROUP

Singapore, January 25, 2016

IN CONTINUATION OF press release dated 4 August 2015 where BW announced the winning of an EGAS tender for the provision of regasification services in Ain Sokhna, Egypt, LNG Floating Storage and Regasification unit (FSRU) BW Singapore has been in full operation since October 2015.

The vessel was delivered and commissioned in three months from the date of contract-signing, which is a world record. Since operations commenced, BW Singapore has carried out more than 10 Ship-to-Ship (STS) operations and sent out between 500-600 mmscf/d of natural gas on a daily basis into the national grid. This was made possible by the professionalism and competence of the team at The Egyptian Natural Gas Holding Company (EGAS), who continues to provide professional support to the BW team.

Egypt Skips Gas Bill, Loses LNG Shipment | The Maritime Executive

British Sapphire, image courtesy ATSB

By Reuters 2016-01-21

BP's diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country's currency crisis could be jeopardizing its energy supplies, traders said.

Earlier this month the tanker British Sapphire was diverted to Brazil rather than discharging in Egypt, with the delivery of the LNG cargo for Egypt delayed up until October, traders said.

Emerson to Automate Carbon Holding’s Tahrir Petrochemicals Complex in $150 million Contract | Energy Egypt

David Farr, CEO, EMERSON

JANUARY 14, 2016 / ENERGY EGYPT

Emerson Automation and reliability programs for world’s largest naphtha cracker plant will support efficient, high-availability production of plastics and related materials for local and export markets.

Emerson and Carbon Holdings, the privately owned Egyptian petrochemical firm, today announced that Emerson Process Management has been selected to provide automation and reliability technologies and services for Carbon Holdings’ Tahrir Petrochemicals Project at Ain Sokhna, Egypt. Emerson’s initial scope of work is estimated at $150 million.

When completed, the approximately $6.9 billion Tahrir project will be the largest petrochemical plant in Egypt and the largest naphtha cracker plant in the world. It will produce 1.5 million metric tons per year of ethylene that will then be further processed into polyethylene. Other major products will include propylene, polypropylene, hexene, butadiene, benzene, and styrene. Construction and operation of the Tahrir Petrochemicals complex is expected to generate thousands of direct and indirect permanent and construction jobs in Egypt.

As Main Automation Contractor, Emerson will apply best practice technologies and services to help ensure the facility is completed on time and within budget. Engineering services include designing the plant for optimum availability, and Emerson will also provide a robust reliability program that includes consulting services, equipment health monitoring, and a reliability service center for ongoing local support and expertise.

The announcement was made at Emerson’s Middle East headquarters in Dubai where David Farr, chairman and CEO of Emerson, met with Basil El-Baz, chairman and CEO of Carbon Holdings, for the signing of a memorandum of understanding regarding the contract award.

“Investments of this size require us to select partners that have a long history of handling large, complex projects and the expertise to produce a reliable plant with dependable output,” said Carbon Holdings’ El-Baz. “We chose Emerson for its proven ability to deliver a successful automation project that results in an efficient, high-availability operation.”

Designed to serve both local and export markets, the Tahrir Petrochemicals complex will be constructed in Egypt’s Suez Special Economic Development Zone, with raw materials received and products shipped from the Gulf of Suez. Financing for the mega-project is expected to come from the export credit agencies of the United States, Korea, Italy and the Overseas Private Investment Corporation, as well as direct investors. Under the memorandum of understanding, Emerson will also make a preferred equity investment in Tahrir Petrochemicals.

“We are excited to help Carbon Holdings realize its vision of creating a world-class petrochemical complex that can be a catalyst for economic development in Egypt,” said Farr. “With Emerson’s technologies, experience, and expertise, Carbon Holdings has positioned itself for top quartile performance – not only in project execution, but ongoing operations as well.”

About Emerson Process Management
Emerson Process Management, an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb™, Syncade™, DeltaV™, Fisher®, Micro Motion®, Rosemount®, Daniel™, Ovation™, and AMS Suite.

About Emerson
Emerson, based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial,

commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2015 were $22.3 billion.

About Carbon Holdings
Carbon Holdings Limited is a privately owned, non-governmental petrochemicals company domiciled in Egypt and was formed for the purpose of making long-term controlling investments in the downstream oil and gas sector (in particular the fast-growing chemical and petrochemical sector) with the objective of becoming a leading owner and operator of integrated petrochemical plants with a primary focus on Egypt. The Company seeks to develop and acquire a diverse portfolio of value-added assets in the Middle East and North Africa (MENA) region that span across the petrochemicals value chain in order to optimise economies of scale. The Carbon Holdings teams’ collective experiences put Carbon Holdings in an ideal position to take advantage of attractive global development and acquisition opportunities that provide a unique value-add to project shareholders. Among the Carbon Holdings’ team are key personnel who have successfully led growth in strategy and M&A for some of the largest multinational petrochemical conglomerates; and others who have been involved in assessing the feasibility of some of the largest global projects undertaken in the last 40 years (from a technical, financial, and execution standpoint). Carbon Holdings projects have succeeded in securing attractive debt funding from local banks, regional banks, international banks and Export Credit Agencies; and equity financing from strategic and regional investors.

(Emerson Press Release)
SOURCE