Featured
Issue 378 -
Noble deal expands Egypt gas supply prospects
US independent Noble Energy and Israel’s Delek Drilling, partners in Israel’s Leviathan and Tamar gas fields, have teamed up with Egypt’s East Gas Company to buy a 39% stake in the Eastern Mediterranean Gas Company (EMGC) for $518m.
EMGC operates a 90km pipeline connecting the...
Issue 378 -
Egypt
Issue 378 -
Golar, Höegh invest in small-scale LNG
Liquefied natural gas (LNG) companies Golar LNG and Höegh LNG Holdings have each announced an investment of $24.75m in small-scale LNG venture Avenir LNG. Avenir was set up in 2017 by transportation company Stolt-Nielsen to serve the fast-growing market for small-scale LNG,...
Issue 378 -
Africa
Issue 377 -
Egypt: Gas pipeline deal signed with Cyprus
Egypt and Cyprus signed an intergovernmental agreement on 19 September for an underwater pipeline to carry Cypriot gas to Egypt’s processing facilities for re-export to Europe. The estimated $1bn pipeline will carry gas from Noble Energy’s Aphrodite field and any future...
Issue 377 -
Egypt
Issue 377 -
Vivo Energy adjusts Engen purchase
Africa-focused fuel retailer Vivo Energy has revised the terms of its purchase of fuel stations from Engen Holdings, dropping 75 outlets in the Democratic Republic of Congo following legal challenges. The acquisition, first announced in December 2017, is expected to close on 1...
Issue 377 -
Africa
Issue 376 -
South Africa: State subsidises September fuel price
The Department of Energy (DoE) has intervened to ward off a September fuel price increase in an effort to cushion consumers against the impact of rising oil prices and a falling rand. “South Africa has witnessed sustained increases in fuel prices for the past few months, which...
Issue 376 -
South Africa
Issue 376 -
Equatorial Guinea lining up strategic partner for Gas Megahub
Equatorial Guinea’s Ministry of Mines and Hydrocarbons plans to announce the appointment of a strategic partner for its Gas Megahub project by October. Mines and hydrocarbons minister Gabriel Mbaga Obiang Lima told African Energy that the strategic partner would start work on...
Issue 376 -
Equatorial Guinea
Issue 376 -
Segas arbitration award reopens possibility of Egypt gas exports
The $2bn award in favour of Unión Fenosa Gas (UFG) made by the World Bank’s International Centre for Settlement of Investment Disputes at the end of August means that liquefied natural gas (LNG) exports from the Segas terminal at Damietta could resume very soon. The Spanish...
Issue 376 -
Egypt
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