Oil Egypt accountACCOUNT King Tut

Egypt to Receive First LNG Shipment from Rosneft in May

Source: Reuters 5/5/2016, Location: Egypt

Share |
Egypt will receive the first of nine agreed shipments of liquefied natural gas (LNG) from Russia's Rosneft this month, an official at the state gas board EGAS told Reuters.

Last year Egypt and Rosneft signed a memorandum of understanding for a slew of petroleum products as well as 24 LNG cargoes. Only nine of the 24 initially agreed cargoes were later inked into a final deal.

"We're receiving the first shipments of LNG from Rosneft this month," said the EGAS official, declining to provide the value of the shipments or their size.

Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production and increasing consumption. It is trying to speed up production at recent discoveries to fill its energy gap as soon as possible.

Rosneft, Russia's biggest oil producer, does not produce its own LNG yet but plans to launch production jointly with Exxon Mobil after 2018.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Egypt >>  1/11/2018 - The World Bank's Multilateral Investment Guarantee Agency (MIGA) announced that it will provide Egypt with $102.6 million in credit facilities to supp...
Egypt >>  1/11/2018 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...

Egypt >>  1/10/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mrs. Maria Moraeus Hanssen, CEO of the German company DEA and the accompanyi...
Egypt >>  1/10/2018 - TransGlobe Energy Corporation (TGL) (TGA) (“TransGlobe”) announces the 2018 capital budget and promotions. All dollar values are expressed in US dolla...

Egypt >>  1/8/2018 - The Minister of Petroleum and Mineral Resources, Tareq Al-Mulla, appoints Ali Fuad Badr as the Chairman of the Board of Directors of Amerya Petroleum ...
Egypt >>  12/28/2017 - Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan ...

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us