EGAS Exports 33.9 bcf of Natural Gas to Jordan in FY 2019/20 - EGYPT OIL & GAS

Monday, 28th December 2020

The Egyptian Natural Gas Holding Company (EGAS) exported about 33.9 billion cubic feet (bcf) of natural gas to Jordan through the Arab Gas pipeline in the fiscal year (FY) 2019/20.

The company also highlighted that the exported liquefied natural gas (LNG) from Idku gas liquefaction plant reached about 120 billion cubic feet of gas equivalent (bcfe) through 33 LNG shipments.

The company also stated that the national plan of natural gas households’ delivery has been amended from 1 million housing units to 1.1 million units. It added that its targeted plan in FY 2020/21 is to deliver natural gas to 100 industrial and 1000 commercial facilities.

Reaping the rewards of Egypt's reforms - PETROLEUM ECONOMIST

7 January 2019
David Butter

The Egyptian government is looking to 2019 as the year in which it will start to realise clear dividends from previously-enacted economic reforms. These have included changes to the petroleum regime that are already yielding benefits in the form of a rapid ramp-up in natural gas production. On the political front, one of the key issues will be whether President Abdel-Fattah el-Sisi prepares the ground to extend his mandate beyond 2022, when his second, and supposedly final, term is scheduled to end.

The $12bn IMF programme that commenced in November 2016 is now in its final year. The main elements have been putting in place a flexible exchange rate system, bringing down the fiscal deficit through increased taxation and cuts in energy subsidies, and seeking to improve the environment for private investment. The programme has also included social protection measures, in particular increases to food subsidies and the development of schemes targeting assistance at vulnerable groups.

The effects of the reforms, both positive and negative, have been evident in Egypt's main economic indicators. Real GDP growth has accelerated from 3–4pc to over 5pc, and the government is aiming for growth of 5.8pc in the fiscal year that ends in June 2019 and for 6.5pc the following year. These targets are achievable, partly thanks to the surge in gas output and the recovery of tourism, but the relatively weak rate of growth in private consumption is likely to persist, reflecting the pernicious impact of high inflation on living standards.

Daily exportation of 250m cubic feet of gas to Jordan electricity plant to be resumed in early 2019 - DAILY NEWS EGYPT

Saturday September 22, 2018
Mohamed Adel

The Ministry of Petroleum has concluded the final negotiations with Jordan regarding signing a new agreement to export Egyptian gas to Jordan electricity plant, in order to supply nearly 250m cubic feet of gas starting next year.

An official at the Ministry told Daily News Egypt that a new agreement would be signed with the Jordanian side to export about 250m cubic feet of gas daily, with prices different from prices originally stipulated in the previous agreement.

The official pointed out that Egypt would continue exporting natural gas to Jordan in early 2019 through the pipeline linking Egypt and the Jordanian lands, which would be the start of turning the country into a regional hub to distribute energy, and then later achieve self-sufficiency of gas.

The recent talks between the Egypt’s minister of petroleum and his Jordanian counterpart included agreeing on the return of Egyptian gas to Jordan, in addition to amending some articles in the agreement of gas exportation.

The Jordanian Ministry of Energy said in a previous statement that the agreement stipulates that about 10% would be exported from Egypt to generate electricity. This came following the visit of the Jordanian Minister of Energy and Mineral Resources Hala Zawati to Egypt last week.

Jordan, Egypt ink agreement on gas supply resumption - ENTERPRISE

Sunday, 12 August 2018

Oil Minister Tarek El Molla and his Jordanian counterpart Hala Zawati renewed a natural gas sale and purchase agreement, under which Cairo will export 10% of Amman’s natural gas needs, Jordan Times reports. 

Both sides reportedly signed the initial agreement in 2014 but Egypt failed to meet the amount of natural gas it was agreed to provide. 

“Egypt provided Jordan with 250 mcf of natural gas daily since 2004, but these amounts started decreasing at the end of 2009 until they were completely halted in 2011 after attacks on the Arab Gas Pipeline,” the Jordanian energy minister said. 

Zawati also met with Electricity Minister Mohamed Shaker over cooperation on electricity connection and exchange, as well as exchanging expertise in the fields of energy and renewable energy, according to a ministry statement.

Egyptian Company in Talks to Import Israeli Natural Gas Again - BICOM

August.11.17 10:35 am

Bloomberg reported Thursday that natural gas could be shipped from Israel to Egypt, via Jordan, in a deal being negotiated between Egyptian energy giant Dolphinius Holdings, Israel’s Delek, and US company Noble Energy.

Alla Arafa, co-founder of Dolpinius Holdings, told Bloomberg, “There is great potential for the Mediterranean to be a gas hub for the region and we want to be partners with Israel in this.”

The report follows significant developments this week in the natural gas industry in Egypt and Israel.

The Egyptian Government took a major step to end the state’s monopoly in the natural gas sector. President Abdel-Fattah al-Sisi signed a new law, called Resolution No. 196 of 2017 to establish a natural gas regulatory authority to open the gas market to competition from the private sector and license new providers. The law would allow the private sector to directly ship, transport, store, market and trade natural gas using the pipeline and network infrastructure, and will go into effect later this year. Egypt is one of two regional markets that could buy large quantities of gas from Israel’s Tamar and Leviathan gas fields.

Egypt pledges to supply gas to Jordan - GLOBES

6 Apr, 2017 12:59
Nati Yefet

Egypt's promises will pile pressure on the Jordanians not to sign a binding gas agreement with the Leviathan partners.

Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla this week repeated his prediction that Egypt would stop importing natural gas in 2018, and would instead supply all of its own needs. Jordanian news agency Petra reported that that at the international energy conference that took place in Oman on Sunday and Monday, El-Molla repeated his promise that Egypt would export gas to Jordan when its own supply is assured, i.e. in 2018 or 2019.

Moody's: Lebanese Government unlocks credit-positive oil and gas exploration - CPI FINANCIAL

Sunday 15, January 2017
Georgina Enzer

On 4 January, Lebanon’s (B2 negative) newly formed cabinet approved two decrees to start offshore oil and gas exploration by setting out both the exploration blocks that it will offer and the terms and conditions for exploration and production agreements.

The bidding round will commence within six months, with 14 companies pre-qualified, and authorities expect the exploration phase to last five years. The cabinet’s decision is credit positive for the government because it reflects improved government effectiveness and has the potential to improve the country’s fiscal and external positions.

Israel has limited options with its gas exports - GULF NEWS

October 30, 2016, 12:42 
Saadallah Al Fathi, Special to Gulf News

Stiff opposition in Jordan could mean existing deals might have to be rewritten

Since the major discoveries of gas in the East Mediterranean, especially in 2010, Israel has gone out in all directions to find viable export routes for its gas ... but with limited results so far.

In 1999, Israel discovered two small gasfields (Noa and Mari) with limited reserves of 1.5 trillion cubic feet (tcf), which are almost depleted now. However, in 2009, Dalit and Tamar fields were discovered with reserves of 0.5 and 10 tcf respectively and were speedily developed to supply Israel with gas after the stoppage of the Egyptian exports in 2012.

The major discovery was in 2010 when Leviathan was discovered about 150 kilometres west of Haifa in what Israel claims to be its Exclusive Economic Zone (EEZ). Its reserves were estimated at 18- to 22-tcf and in 2012 Tanin and Karish fields were discovered to add 3 tcf of reserves.

Analysis: European gas, from one sea to another … - NATURAL GAS EUROPE

September 15th, 2016

The decline in production in the North Sea finds an offset in the rising production potential from the eastern Mediterranean. In a previous piece[1] published on this site in June, the author Raffaele Perfetto discussed potential drivers shaping the European gas scenario in the near future and here he focuses on one in particular: the Mediterranean Gas Hub (MGH) and how it can fit with European energy needs.

The last energy scenario[2] presented by the European Commission contained interesting points worthy of further examination.

An energy window of opportunity | Jerusalem Post

Photo credit: MARC ISRAEL SELLEM / THE JERUSALEM POST

How Israel’s natural gas finds can strengthen commercial and economic ties and bring peace between nations in the Middle East.
The story of Israel’s natural gas industry begins in the late 1990s. Dr. Eli Rosenberg, a geologist, identified the potential existence of a gas field some 30 km. west of Ashkelon.

At the end of 1999 the Noa-1 exploratory drilling site penetrated a sand layer rich in gas, opening up a new era in cultivating Israel’s natural resources.

Not that there weren’t previous attempts to do so.