Showing posts with label Supply Contract Duration. Show all posts
Showing posts with label Supply Contract Duration. Show all posts

Thursday, August 23, 2018

Azeri natural gas sellers book 8.6 Bcm/year long-term capacity to Italy: TAP - S&P GLOBAL PLATTS


Brussels, 23 Aug 2018 | 11:28 UTC
Author: Siobhan Hall; Editor: Alisdair Bowles

  • 10 Bcm/year Greece
  • -Italy TAP gas link to open in 2020
  • Shah Deniz 2 sellers have 25-year capacity contracts
  • TAP to offer short-term capacity in future auctions
Brussels — Azerbaijan's Shah Deniz 2 natural gas field producers have booked around 8.6 Bcm/year of long-term capacity to Italy in the planned 10 Bcm/year Trans-Adriatic Pipeline, developer TAP's head of communication, Lisa Givert, told S&P Global Platts on Thursday.

TAP is the last leg of the so-called Southern Gas Corridor that is to enable Europe to import gas initially from the 16 Bcm/year Shah Deniz 2 field, a new supply source.

Wednesday, March 7, 2018

Noble, Delek seek rights to EMG pipeline for Egypt natgas supply - REUTERS

MARCH 7, 2018 / 3:32 PM
Reporting by Steven Scheer, Editing by Tova Cohen

JERUSALEM, March 7 (Reuters) - The partners in the Tamar and Leviathan natural gas site off Israel’s coast are in talks to buy the rights to use the East Mediterranean Gas (EMG) pipeline to supply gas to customers in Egypt.

The partners, Texas-based Noble Energy and Israel’s Delek Drilling, did not provide details. Delek said there was no certainty a binding agreement would be signed.

Last month, Egyptian company Dolphinus Holdings said it would buy $15 billion of Israeli natural gas in two 10-year agreements from Leviathan and Tamar. 

Leviathan partners say all conditions met to supply natgas to Jordan - REUTERS

MARCH 7, 2018 / 10:34 AMReporting by Steven Scheer, Editing by Tova Cohen

TEL AVIV, March 7 (Reuters) - The partners in Israel’s offshore natural gas field Leviathan said on Wednesday that all conditions have been met to allow the supply of gas to Jordan’s electric company.

They said the capacity of the pipeline that will connect to Jordan via a direct pipeline and one that runs via Egypt would allow the flow of up to 10 billion cubic meters of gas a year.

Monday, February 19, 2018

Noble Energy announces execution of gas sales agreements for export of gas to Egypt - WORLD OIL

FEB/19/2018

HOUSTON -- Noble Energy, Inc., has announced that it has signed agreements to sell significant quantities of natural gas from Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. These agreements, one for natural gas from Leviathan and one for Tamar, each provide for total contract quantities of 1.15 Tcf of natural gas. The natural gas is anticipated to supply industrial and petrochemical customers, as well as future power generation in Egypt.

Sales volumes under the agreement associated with Leviathan field are anticipated to begin at a firm rate of approximately 350 MMcfd at the startup of the Leviathan project at the end of 2019. For the Tamar agreement, sales volumes are anticipated to begin at an interruptible rate of up to 350 MMcfd, dependent upon gas availability beyond existing customer obligations in Israel and Jordan. Noble Energy will have an option to convert the Tamar interruptible quantity to a firm-basis with a significant take or pay commitment. Both contracts are for a 10-year term.

Wednesday, February 15, 2017

Revealed: Israel Pledged to Place Jordan’s Natural Gas Needs Before Its Own - HAARETZ

Feb 15, 2017 5:27 AMAvi Bar-Eli 

Details of a letter to Amman, signed by Netanyahu and Energy Minister Steinitz, was obtained by Haaretz after the government refused to confirm it even exists.


Israel has committed to Jordan that it will give Jordanian natural gas needs preference over Israel’s in times of shortages, according to a letter signed by Prime Minister Benjamin Netanyahu and Energy Minister Yuval Steinitz.

Details of the letter, obtained by Haaretz columnist Nehemia Shtrasler, were published Tuesday in Haaretz’s Hebrew edition after government ministries refused to confirm that the letter existed at all.

The letter commits to Amman that the quantity of gas exported from the Leviathan offshore reserve will not drop under the contractually agreed volume for the duration of the 15-year contract.