{"id":543812,"date":"2022-02-20T04:25:45","date_gmt":"2022-02-20T04:25:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/the-eu-wants-more-of-our-gas\/"},"modified":"2022-02-20T04:25:45","modified_gmt":"2022-02-20T04:25:45","slug":"the-eu-wants-more-of-our-gas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/the-eu-wants-more-of-our-gas\/","title":{"rendered":"The EU wants more of our gas"},"content":{"rendered":"

<\/a> Egypt has held talks with the EU over shipping more natural gas to Europe<\/strong> amid growing concerns that conflict in Ukraine could intensify the continent\u2019s energy shortage. EU Energy Commissioner Kadri Simson met Oil Minister Tarek El Molla on Thursday to discuss energy ties, \u201cincluding in the short and medium term on LNG,\u201d she wrote on Twitter<\/a>, describing Egypt as a \u201ckey partner\u201d for the EU. The Oil Ministry said the meeting included discussions on Egypt\u2019s role in supplying gas to Europe and recent developments in the global energy markets in a statement<\/a> following the meeting.<\/p>\n

Concerns that Russian gas shipments to Europe could be disrupted in the event of conflict in Ukraine have forced the EU to go in search of alternative supplies:<\/strong> The US has ramped up gas exports to Europe and Japan will ship surplus supplies<\/a> to the continent as tensions between Russia and Ukraine threaten to compound Europe\u2019s energy shortage, which has caused gas prices to surge to record highs. The US has also reportedly held talks with Egypt<\/a> and Qatar about raising exports if conflict breaks out. The drive comes as US President Joe Biden threatened to block the Russia-to-Germany Nordstream 2 natural gas pipeline<\/a> if Moscow doesn\u2019t back off Ukraine.<\/p>\n

But Egypt appears to be running at max capacity:<\/strong> El Molla said at the end of last year that Egypt\u2019s LNG export terminals were running at full capacity<\/a> and are exporting the equivalent of 1.6 bn cubic feet per day.<\/p>\n

As are European gas terminals:<\/strong> Europe\u2019s LNG terminals have limited capacity to receive more supplies as the US increases shipments. \u201cA few cargoes could be squeezed into some other countries, but not significant supply,\u201d one energy analyst told Reuters<\/a>.<\/p>\n

Egyptian exports to Europe are on course to rise this quarter:<\/strong> Egypt has exported more than 1.3 bn cubic meters (bcm) of gas so far in 1Q2022, more than 1 bcm of which went to Turkey, France, Italy, and the Netherlands, according to S&P Global Platts<\/a>. In 4Q2021, more than 1.2 bcm was shipped to Europe and Turkey.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has held talks with the EU over shipping more natural gas to Europe amid growing concerns that conflict in Ukraine could intensify the continent\u2019s energy shortage. EU Energy Commissioner Kadri Simson met Oil Minister Tarek El Molla on Thursday to discuss energy ties, \u201cincluding in the short and medium term on LNG,\u201d she wrote […]<\/p>\n","protected":false},"author":1,"featured_media":543813,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,7192,297,91,195,978],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-eu","tag-europe","tag-oil-and-gas","tag-tarek-el-molla","tag-ukraine-crisis","wpautop","entry"],"acf":{"mongo_id":"9116ce66-29a8-46af-a031-9619f15bfa0f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/272.jpg","photo_position":"above","related_issue":[543800],"teaser":"","voice_url":""},"yoast_head":"\nThe EU wants more of our gas - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/the-eu-wants-more-of-our-gas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The EU wants more of our gas\" \/>\n<meta property=\"og:description\" content=\"Egypt has held talks with the EU over shipping more natural gas to Europe amid growing concerns that conflict in Ukraine could intensify the continent\u2019s energy shortage. 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Europe\u2019s energy crisis \u2014 provided that development partners like the European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB) help fund the drilling, Reuters reports Oil\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/231.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546487,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/rising-oil-import-prices-could-cancel-out-gas-export-gains-el-molla\/","url_meta":{"origin":543812,"position":2},"title":"Rising oil import prices could cancel out gas export gains -El Molla","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"Egypt\u2019s rising oil import bill could cancel out any gains from higher gas export revenues this year, Oil Minister Tarek El Molla told CNBC Arabia yesterday (watch, runtime: 11:49). \u201cIt\u2019s possible that the extra [income] we get from our gas exports could be canceled out by the increase in the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/230.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581600,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/europe-will-need-to-wait-until-2025-for-more-lng-from-egypt-says-el-molla\/","url_meta":{"origin":543812,"position":3},"title":"Europe will need to wait until 2025 for more LNG from Egypt, says El Molla","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"Europe will have to sit tight as it waits for more LNG from Egypt: Egypt will boost its LNG exports to Europe in the long term, but the energy-deprived continent will have to wait another two years during which global supplies are expected to remain tight, Oil Minister Tarek El\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/MedLNGTanker-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635541,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/06\/el-molla-discusses-east-mediterranean-europe-gas-pipelines-with-eu-energy-commissioner\/","url_meta":{"origin":543812,"position":4},"title":"El Molla discusses east Mediterranean-Europe gas pipelines with EU Energy Commissioner","author":"enterpriseam admin","date":"6 December 2017","format":false,"excerpt":"Oil Minister Tarek El Molla discussed increasing energy cooperation with EU Energy Commissioner Miguel Arias Ca\u00f1ete in Brussels yesterday, Al Masry Al Youm reports. Talks included the potential extension of natural gas pipelines between Egypt and Europe, which would see gas sent to liquefaction plants in Egypt before it\u2019s re-exported.\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546726,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/egypt-cyprus-to-break-ground-on-gas-pipeline-this-year-el-molla\/","url_meta":{"origin":543812,"position":5},"title":"Egypt, Cyprus to break ground on gas pipeline this year -El Molla","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"Construction of the pipeline connecting Cyprus\u2019 Aphrodite natural gas field to Egypt will begin by the end of the year, Oil Minister Tarek El Molla told Bloomberg Asharq yesterday at the World Economic Forum (WEF). 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