{"id":550268,"date":"2022-10-20T04:06:59","date_gmt":"2022-10-20T04:06:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/weve-got-competition-to-become-europes-new-best-friend-on-gas\/"},"modified":"2022-10-20T04:06:59","modified_gmt":"2022-10-20T04:06:59","slug":"weve-got-competition-to-become-europes-new-best-friend-on-gas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/weve-got-competition-to-become-europes-new-best-friend-on-gas\/","title":{"rendered":"We\u2019ve got competition to become Europe\u2019s new best friend on gas"},"content":{"rendered":"

<\/a> Russia may reroute gas to Turkey: <\/strong>Russian and Turkish energy authorities will begin work on a Moscow proposal to export Russian gas to Turkey for re-export to Europe, Turkish President Recep Tayyip Erdogan said last week, according to the Associated Press<\/a>. Russia is proposing to pump the gas via the TurkStream pipeline beneath the Black Sea as it no longer considers the Nord Stream pipelines to Germany \u201creliable\u201d conduits, Turkey\u2019s foreign minister said.<\/p>\n

How likely is this?<\/strong> Any proposal would need to be examined to see whether there is a European market appetite for such a project, Turkey\u2019s foreign minister said. That\u2019s a likely nod toward the fact that Russia is the last country most of Europe wants to be sourcing its energy needs from these days.<\/p>\n

REMEMBER\u2013 We\u2019re also angling for regional energy supply: <\/strong>Egypt already signed a nine-year MoU with Israel earlier this year<\/a> to increase gas exports to Europe via Egypt\u2019s LNG facilities. European energy companies will also increase their investment in gas exploration and production in Egypt and Israel, as part of the agreement.<\/p>\n

Europe really needs more LNG terminals:<\/strong> More than 35 liquified natural gas (LNG) laden vessels are unable to offload their cargo due to Spain\u2019s gas terminals operating at maximum capacity, Reuters<\/a> reports. The country is offering just six slots this week, leaving dozens of vessels floating off the Spanish coast. Gas grid operator Enagas declared an \u201cexceptional operational situation\u201d on Monday and said it might have to turn away shipments even as Europe faces an historic energy shortage due to the loss of Russian gas.<\/p>\n","protected":false},"excerpt":{"rendered":"

Russia may reroute gas to Turkey: Russian and Turkish energy authorities will begin work on a Moscow proposal to export Russian gas to Turkey for re-export to Europe, Turkish President Recep Tayyip Erdogan said last week, according to the Associated Press. Russia is proposing to pump the gas via the TurkStream pipeline beneath the Black […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[855,93,72,491,166,91,474,127,270,218],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550268","post","type-post","status-publish","format-standard","hentry","category-energy","tag-australia","tag-energy","tag-enterpriseam","tag-france","tag-israel-palestine-conflict","tag-oil-and-gas","tag-pakistan","tag-politics","tag-russia","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"96d2e12f-833a-430c-8ef5-3b0f58baab1b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[550257],"teaser":"","voice_url":""},"yoast_head":"\nWe\u2019ve got competition to become Europe\u2019s new best friend on 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\/10\/20\/weve-got-competition-to-become-europes-new-best-friend-on-gas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019ve got competition to become Europe\u2019s new best friend on gas\" \/>\n<meta property=\"og:description\" content=\"Russia may reroute gas to Turkey: Russian and Turkish energy authorities will begin work on a Moscow proposal to export Russian gas to Turkey for re-export to Europe, Turkish President Recep Tayyip Erdogan said last week, according to the Associated Press. 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That\u2019s according to Turkish Foreign Minister Mevlut Cavusoglu, who told reporters that a pipeline between the two countries will not be possible in the short term, Reuters reports.Refresher: The plan would see a subsea pipeline linking\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\/4\/87.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544989,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/a-gas-pipeline-running-between-israel-and-turkey-is-being-discussed\/","url_meta":{"origin":550268,"position":2},"title":"A gas pipeline running between Israel and Turkey is being discussed","author":"enterpriseam admin","date":"30 March 2022","format":false,"excerpt":"There\u2019s a new project to transport East Med gas to Europe: Turkey and Israel are in discussions to build a gas pipeline running between their two countries, a project that is being seen as part of the solution to the energy crisis in Europe, which is trying to reduce its\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\/3\/702.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621278,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/turkey-can-join-in-on-eastmed-gas-after-cyprus-reunification\/","url_meta":{"origin":550268,"position":3},"title":"Turkey can join in on EastMed gas after Cyprus reunification","author":"enterpriseam admin","date":"5 November 2018","format":false,"excerpt":"When energy politics become geopolitics with a capital \u201cG\u201d: Cyprus President Nicos Anastasiades said his country will back Turkey\u2019s inclusion in energy cooperation agreements to exploit the East Mediterranean gas reserves if Turkey accepts the reunification of the island, the AP reports. \u201cWe continue to upgrade our energy cooperation with\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/550.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567062,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/12\/libyan-national-army-agrees-to-russia-turkey-ceasefire-proposal\/","url_meta":{"origin":550268,"position":4},"title":"Libyan National Army agrees to Russia-Turkey ceasefire proposal","author":"enterpriseam admin","date":"12 January 2020","format":false,"excerpt":"Libyan National Army agrees to Russia-Turkey ceasefire proposal: General Khalifa Haftar\u2019s Libyan National Army yesterday announced they would observe a ceasefire in the west of the country as of midnight last night, Reuters reported a spokesman as saying. 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