{"id":555791,"date":"2021-11-28T04:00:56","date_gmt":"2021-11-28T04:00:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/"},"modified":"2021-11-28T04:00:56","modified_gmt":"2021-11-28T04:00:56","slug":"egypt-partners-with-greece-israel-to-boost-gas-export-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/","title":{"rendered":"Egypt partners with Greece, Israel to boost gas export plans"},"content":{"rendered":"

<\/a> Egypt\u2019s ambitions to become a regional gas hub received a boost last week<\/strong> after the Madbouly government signed agreements with Greece and Israel that could help it grow exports to Europe. The MoUs, inked during Thursday\u2019s meeting of the East Mediterranean Gas Forum in Cairo, could see Egypt import more natural gas from Israel and increase shipments to Greece, which have failed to pick up this year despite both Idku and Damietta LNG plants being operational.<\/p>\n

Increased gas shipments from Israel would be used for re-export<\/strong>, Egypt\u2019s Oil Ministry said in a statement<\/a>, stopping short of disclosing how much gas Egypt could purchase. Under the existing USD 19.5 bn agreement<\/a> with Israel, Egypt is currently importing 2.1 bcm a year, which will increase to 6.7 bcm from 2023 through to 2034.<\/p>\n

The increased supplies could be sent through a new pipeline<\/strong> being considered by the two countries, Israel\u2019s energy minister wrote on Twitter<\/a>. Israel\u2019s energy ministry said last month there are discussions to establish a new USD 200 mn onshore pipeline<\/a> that would connect Israel and Egypt via North Sinai. Sources at the time said that the pipeline could allow Egypt to import an extra 3-5 bn cubic meters of gas per year.<\/p>\n

More shipments to Greece + a new pipeline could be in the cards:<\/strong> The MoU signed by Greece and Egypt will see the countries work more closely on LNG marketing, exploration and production activities in the EastMed, and consider setting up a new subsea pipeline linking the two countries, the Greek energy ministry<\/a> said. The agreement will also lay the foundation for Greek companies to sign agreements with Egypt\u2019s state gas company EGAS, Greek importer DEPA said<\/a> following the signing.<\/p>\n

The Egypt-Greece pipeline would come in addition to the <\/strong>planned link<\/a><\/strong> between Cyprus\u2019 Aphrodite natural gas field and Egypt<\/strong>, which will allow Cyprus to export its gas to Europe via Egypt\u2019s liquefaction facilities. The pipeline is currently expected to come online in 2024 or 2025<\/a>.<\/p>\n

Shipments to Greece have struggled to pick up this year:<\/strong> Greece imports most of its gas from Algeria, Azerbaijan, Russia and Turkey and has only received one shipment of Egyptian gas in 2021<\/a>, despite the re-opening of the Damietta LNG plant<\/a> in February and the recovery of export volumes following a difficult 2020.<\/p>\n

Egypt has dispatched a<\/strong>t least 75 LNG<\/strong><\/sup> shipments so far in 2021<\/strong> after having only shipped 24 during the whole of last year<\/a>, according to data from S&P Global Platts<\/a>.<\/p>\n

A regional hydrogen trade in the making:<\/strong> Israel and Egypt signed an MoU that could open the possibility of using an existing pipeline to transport hydrogen between the two countries, the Oil Ministry said in its statement. Egypt is looking to capitalize on the increasing international interest in green hydrogen as an alternative source of clean energy, and has brought on board several local and overseas private sector companies to build its first hydrogen production facility<\/a> in Ain Sokhna.<\/p>\n

Good timing:<\/strong> The potential to ramp up exports to Europe comes at a time when spiralling global gas prices and geopolitical tensions with Russia have European nations searching for alternative gas suppliers<\/p>\n

Egypt became a net exporter of LNG in 2018 <\/strong>after the discovery of the supergiant Zohr gas field \u2014 the Mediterranean\u2019s largest \u2014 allowed us to pull the plug<\/a> on LNG imports. Egypt\u2019s LNG exports also picked up steam after we brought the Damietta LNG plant online earlier in the year<\/a> following an eight-year hiatus, with at least 30 LNG shipments making their way out<\/a> of the revived plant and the Idku facility since then.<\/p>\n

What is the EastMed Gas Forum? <\/strong>The recently-ratified forum<\/a> brings together Egypt, Greece, Cyprus, Jordan, Israel, Palestine, Italy and France to coordinate project exploration in the energy field. The organization, which is headquartered in Cairo, is now helmed by Egypt\u2019s Osama Mehrez, who was announced as secretary general of the forum on Thursday according to Al Borsa<\/a>. The forum\u2019s next meeting is slated for June 2022 in Cyprus.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s ambitions to become a regional gas hub received a boost last week after the Madbouly government signed agreements with Greece and Israel that could help it grow exports to Europe. The MoUs, inked during Thursday\u2019s meeting of the East Mediterranean Gas Forum in Cairo, could see Egypt import more natural gas from Israel and […]<\/p>\n","protected":false},"author":1,"featured_media":555792,"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":[1953,93,72,381,254,89,91,371,150,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-eastern-mediterranean-gas-forum","tag-energy","tag-enterpriseam","tag-greece","tag-green-hydrogen","tag-israel","tag-oil-and-gas","tag-oil-ministry","tag-renewable-energy","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"891598e1-8197-40e4-91d6-93e212f9c000","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/612.jpg","photo_position":"above","related_issue":[555784],"teaser":"","voice_url":""},"yoast_head":"\nEgypt partners with Greece, Israel to boost gas export plans - 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\/2021\/11\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt partners with Greece, Israel to boost gas export plans\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s ambitions to become a regional gas hub received a boost last week after the Madbouly government signed agreements with Greece and Israel that could help it grow exports to Europe. 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The agreement will see the two companies work on developing infrastructure to transport gas from\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":544475,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/06\/israel-is-now-sending-us-natural-gas-through-jordan\/","url_meta":{"origin":555791,"position":2},"title":"Israel is now sending us natural gas through Jordan","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"Israel has begun exporting additional natural gas to Egypt through a pipeline traversing Jordan, Israeli energy company NewMed Energy \u2014 formerly Delek Drilling \u2014 announced in a statement (pdf) to the Tel Aviv bourse and securities regulator. Chevron and NewMed, which operate Israel\u2019s two biggest offshore reservoirs \u2014 the Tamar\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\/59.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560725,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/10\/class-is-in-session-for-the-emgf\/","url_meta":{"origin":555791,"position":3},"title":"Class is in session for the EMGF","author":"enterpriseam admin","date":"10 March 2021","format":false,"excerpt":"Gas decarbonization and using LNG as fuel for vessels are on the agenda for the East Mediterranean Gas Forum (EMGF), whose member countries met in Cairo yesterday for the forum\u2019s first ministerial meeting since the forum came into effect this month, according to an Oil Ministry statement. The seven founding\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\/2021\/3\/155.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599938,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/east-med-gas-players-vow-to-establish-regional-market-choose-cairo-as-hq-for-new-organization\/","url_meta":{"origin":555791,"position":4},"title":"East Med gas players vow to establish regional market, choose Cairo as HQ for new organization","author":"enterpriseam admin","date":"15 January 2019","format":false,"excerpt":"East Med gas players vow to establish regional market, choose Cairo as HQ for new organization: East Mediterranean gas producers will establish a regional gas market following an agreement in Cairo yesterday at what\u2019s being billed as the first meeting of the East Med Gas Forum, according to an Oil\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\/2019\/1\/315.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622060,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/israel-to-supply-natural-gas-to-greece-italy-and-cyprus\/","url_meta":{"origin":555791,"position":5},"title":"Israel to supply natural gas to Greece, Italy and Cyprus","author":"enterpriseam admin","date":"26 November 2018","format":false,"excerpt":"Israel wants to build a USD 7-8 bn pipeline to supply natural gas to Europe: Israel has signed agreements with Greece, Italy and Cyprus to supply them with natural gas through a USD 7-8 bn 2,000 km pipeline that will take some five years to build, Israeli TV news channel\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555791"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555791\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555792"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555791"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555791"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}