{"id":559650,"date":"2021-01-31T04:08:09","date_gmt":"2021-01-31T04:08:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/new-oil-gas-exploration-tender-coming\/"},"modified":"2021-01-31T04:08:09","modified_gmt":"2021-01-31T04:08:09","slug":"new-oil-gas-exploration-tender-coming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/new-oil-gas-exploration-tender-coming\/","title":{"rendered":"New oil + gas exploration tender coming"},"content":{"rendered":"

<\/a> Energy companies will get a chance to get their hands on new onshore and<\/strong> offshore exploration blocks within two weeks<\/strong>, when state-owned EGPC and EGAS will launch a new oil and gas exploration tender, Oil Minister Tarek El Molla told Gulf Intelligence (watch, runtime: 21:15<\/a>). The tender will include offshore blocks in the Mediterranean and Nile Delta, as well as onshore areas in the Western Desert and Eastern Desert, El Molla said. The fresh tender comes weeks after the ministry signed nine oil and gas exploration agreements<\/a> worth more than USD 1 bn with six international and Egyptian companies.<\/p>\n

Meanwhile, Egypt\u2019s gas exports will also be handed a boost from the Damietta LNG facility<\/strong>, which is set to process some 4.5 mn tonnes of natural gas a year once it reopens at the end of February after lying dormant<\/a> for almost eight years, El Molla said. The plant\u2019s output will help increase the country\u2019s export capacity to 12.5 mn tonnes.<\/p>\n

Gas exports took a hit from covid, but demand is now recovering: <\/strong>Egypt\u2019s gas exports collapsed last year as lockdowns across the world put pressure on demand and sent prices spiraling. The country completed only a couple of shipments<\/a> between March and October as the outbreak disrupted the market. \u201cStarting from October 2020 until now, we have already booked all our volumes to be exported from the Idku plant up till the end of March,\u201d El Molla told the Dubai-based consultancy.<\/p>\n

A top 10 exporter:<\/strong> Should Egypt get both the Damietta and Idku facilities back to full capacity, the country would become one of the 10 largest exporters of LNG in the world, according to Bloomberg<\/a> data. This would put it firmly on the path to realizing its ambitions of becoming a regional gas hub, shipping LNG to Europe from its Mediterranean reserves and some of the gas imported from Israel.<\/p>\n","protected":false},"excerpt":{"rendered":"

Energy companies will get a chance to get their hands on new onshore and offshore exploration blocks within two weeks, when state-owned EGPC and EGAS will launch a new oil and gas exploration tender, Oil Minister Tarek El Molla told Gulf Intelligence (watch, runtime: 21:15). The tender will include offshore blocks in the Mediterranean and […]<\/p>\n","protected":false},"author":1,"featured_media":559651,"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":[107,93,72,91,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-covid-19","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"5d2a5e22-46e2-4780-b4b3-129431e0e694","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/367.jpg","photo_position":"above","related_issue":[559637],"teaser":"","voice_url":""},"yoast_head":"\nNew oil + gas exploration tender coming - 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\/01\/31\/new-oil-gas-exploration-tender-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New oil + gas exploration tender coming\" \/>\n<meta property=\"og:description\" content=\"Energy companies will get a chance to get their hands on new onshore and offshore exploration blocks within two weeks, when state-owned EGPC and EGAS will launch a new oil and gas exploration tender, Oil Minister Tarek El Molla told Gulf Intelligence (watch, runtime: 21:15). 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The door for bidding will\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\/12\/482.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542974,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/new-oil-gas-exploration-bid-round-coming-soon\/","url_meta":{"origin":559650,"position":1},"title":"New oil + gas exploration bid round coming soon","author":"enterpriseam admin","date":"26 January 2022","format":false,"excerpt":"New oil and gas exploration rights will be up for grabs in 1H2022. The government plans to launch a new global tender for oil and gas exploration before June, Bloomberg Asharq reported Oil Minister Tarek El Molla as saying during a press conference yesterday. No further details were disclosed on\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\/1\/343.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604740,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/11\/first-tender-for-10-exploration-blocks-in-the-red-sea-to-be-launched-in-two-weeks\/","url_meta":{"origin":559650,"position":2},"title":"First tender for 10 exploration blocks in the Red Sea to be launched in two weeks","author":"enterpriseam admin","date":"11 December 2018","format":false,"excerpt":"The Oil Ministry will issue the first tender for 10 exploration blocks in the Red Sea within two weeks, once it has completed its seismic mapping of the area, Minister Tarek El Molla announced, according to Al Masry Al Youm. Tendering concessions there to the private sector is one of\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":622018,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/us-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders\/","url_meta":{"origin":559650,"position":3},"title":"US firms interested in Egypt\u2019s offshore oil, gas exploration tenders","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"Several US oil companies have expressed their interested in developing Egypt\u2019s offshore oil and natural gas resources and are expected to bid in the sale of exploration blocks in the Red Sea, Oil Minister Tarek El Molla said yesterday, without naming specific companies, according to Reuters. An exploration and production\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":591438,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/winners-of-red-sea-ep-bid-round-announced-this-month-el-molla\/","url_meta":{"origin":559650,"position":4},"title":"Winners of Red Sea E&P bid round announced this month -El Molla","author":"enterpriseam admin","date":"5 December 2019","format":false,"excerpt":"The Oil Ministry will announce the winners of the Red Sea exploration and production bid round this month, Minister Tarek El Molla told Youm7. The tender comprises 10 oil and gas exploration blocks, and was launched by the South Valley Egyptian Petroleum Holding Company (Ganope) back in March.","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594921,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/israeli-gas-will-arrive-in-egypt-before-the-end-of-the-year-el-molla\/","url_meta":{"origin":559650,"position":5},"title":"Israeli gas will arrive in Egypt before the end of the year -El Molla","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"Egypt will begin receiving natural gas from Israel by the end of 2019, Oil Minister Tarek El Molla said in an interview at the World Energy Congress yesterday, according to Bloomberg. Israel will initially ship some 200 mn scf of gas per day, an amount that will increase to 500\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\/2022\/5\/240.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559650","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=559650"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559650\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/559651"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559650"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559650"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}