Abdel Aziz explained in television statements that there are new shipments of liquefied gas coming to Egypt, as the Egyptian Natural Gas Holding Company increased the contracted shipments of liquefied gas from 21 shipments to 32 shipments of liquefied gas.
The petroleum spokesman added: The imported liquefied gas is converted into gas and pumped into the Egyptian national electricity grid in order to generate electricity. We have a ship in Sharm El-Sheikh that converts the liquefied gas into natural gas, so that they are pumped into the Egyptian national gas grid on an ongoing basis.
Regarding his comment on the possibility of a return to power outages in the coming period, the petroleum spokesman responded by saying: I cannot confirm or deny because it is subject to technical standards, and we do not currently have a deficit in our needs for gas and diesel to generate electricity.
Hamdi Abdel Aziz pointed out that there are ongoing discussions and negotiations with the State of Cyprus regarding gas, as there is a prior agreement regarding the construction of a pipeline to Port Said to transport gas to liquefaction plants for export or purchase, and new programs are being prepared to benefit from them during the coming period.
The petroleum spokesman concluded his statements by saying: The state is committed to paying the dues of foreign companies in the petroleum sector in accordance with the presidential directives of President Abdel Fattah El-Sisi.
Source: Cairo 24
#Egypt. #measures #prevent #power #outages
2024-09-13 14:28:19
Egypt natural gas production
Table of Contents
Egypt’s Liquefied Natural Gas (LNG) Developments: A Shift from Importer to Exporter
In recent years, Egypt has undergone a significant transformation in its liquefied natural gas (LNG) landscape. From being a net importer of gas to becoming an exporter, the country has made tremendous progress in securing its energy supply. This article will delve into the latest developments in Egypt’s LNG sector, including new shipments, increased contracted shipments, and the country’s efforts to ensure a stable energy supply.
New Shipments and Increased Contracted Shipments
According to the Egyptian Natural Gas Holding Company, the country has increased its contracted shipments of liquefied gas from 21 shipments to 32 shipments [[1]]. This increase in shipments is a testament to Egypt’s growing demand for energy and its efforts to meet that demand. The imported LNG is converted into gas and pumped into the Egyptian national electricity grid to generate electricity. This process is made possible through a ship in Sharm El-Sheikh that converts the liquefied gas into natural gas, which is then pumped into the national gas grid on an ongoing basis.
Deferred Payment Terms and LNG Tenders
In a recent development, Egypt has sought large volumes of gas from global markets with deferred payment terms of up to six months [[2]]. This move is seen as an effort to secure energy supply during the summer months when demand is high. The country has also awarded its first and biggest LNG tender, with Egyptian General Petroleum Corp. awarding a total of 20 cargoes aimed at securing energy supply in the country [[3]].
From Net Importer to Exporter
In a significant shift, Egypt has transformed from a net importer of gas to an exporter since late 2018 [[1]]. This transformation is a result of the country’s efforts to increase its domestic gas production and reduce its reliance on imports. The increase in domestic production has enabled Egypt to export LNG to other countries, making it a significant player in the global energy market.
Stable Energy Supply and Power Outages
The Egyptian petroleum spokesman has expressed confidence in the country’s ability to meet its energy demand, stating that there is no current deficit in gas and diesel supplies to generate electricity [[4]]. However, he did not rule out the possibility of power outages in the coming period, citing technical standards as the determining factor.
Conclusion
Egypt’s LNG sector has undergone a significant transformation in recent years. From increasing contracted shipments to seeking large volumes of gas with deferred payment terms, the country is taking bold steps to ensure a stable energy supply. The shift from a net importer to an exporter is a testament to Egypt’s progress in the energy sector, and its efforts to meet its growing energy demand.
Optimized keywords: Egypt, Liquefied Natural Gas (LNG), energy supply, exporter, importer, domestic production, electricity generation, power outages.
Egypt LNG exports
Egypt’s Liquefied Natural Gas (LNG) Developments: A Shift from Importer to Exporter
In recent years, Egypt has undergone a significant transformation in its liquefied natural gas (LNG) landscape. From being a net importer of gas to becoming an exporter, the country has made tremendous progress in securing its energy supply. This article will delve into the latest developments in Egypt’s LNG sector, including new shipments, increased contracted shipments, and the country’s efforts to ensure a stable energy supply.
New Shipments and Increased Contracted Shipments
According to the Egyptian Natural Gas Holding Company, the country has increased its contracted shipments of liquefied gas from 21 shipments to 32 shipments [[1]]. This increase in shipments is a testament to Egypt’s growing demand for energy and its efforts to meet that demand. The imported LNG is converted into gas and pumped into the Egyptian national electricity grid to generate electricity. This process is made possible through a ship in Sharm El-Sheikh that converts the liquefied gas into natural gas, which is then pumped into the national gas grid on an ongoing basis.
Deferred Payment Terms and LNG Tenders
In a recent development, Egypt has sought large volumes of gas from global markets with deferred payment terms of up to six months [[2]]. This move is seen as an effort to secure energy supply during the summer months when demand is high. The country has also awarded its first and biggest LNG tender, with Egyptian General Petroleum Corp. awarding a total of 20 cargoes aimed at securing energy supply in the country [[3]].
From Net Importer to Exporter
In a significant shift, Egypt has transformed from a net importer of gas to an exporter since late 2018 [[1]]. This transformation is a result of the country’s efforts to increase its domestic gas production and reduce its reliance on imports. The increase in domestic production has enabled Egypt to export LNG to other countries, making it a significant player in the global energy market.
Stable Energy Supply and Power Outages
The Egyptian petroleum spokesman has expressed confidence in the country’s ability to meet its energy demand, stating that there is no current deficit in gas and diesel supplies to generate electricity [[4]]. However, he did not rule out the possibility of power outages in the coming period, citing technical standards as the determining factor.
Zohr Field: A Game-Changer
The Zohr field, located offshore Egypt, is a super giant natural gas field that has significantly contributed to Egypt’s transformation from a net importer to an exporter [[5]]. The field, which is operated by Eni, has increased Egypt’s gas production to 5.7 billion cubic feet per day, making it a significant player in the global energy market.
Conclusion
Egypt’s LNG sector has undergone a significant transformation in recent years. From increasing contracted shipments to seeking large volumes of gas with deferred payment terms, the country is taking bold steps to ensure a stable energy supply. The country’s efforts to increase its domestic gas production and reduce its reliance on imports have enabled it to export LNG to other countries, making it a significant player in the global energy market.
References:
[1] Egyptian Natural Gas Holding Company
[2] Egypt seeks large volumes of gas with deferred payment terms
[3] Egypt awards first and biggest LNG tender
[4] Petroleum spokesman expresses confidence in meeting energy demand
[5] Zohr field: A super giant
