{"id":599580,"date":"2019-01-03T04:45:57","date_gmt":"2019-01-03T04:45:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/"},"modified":"2019-01-03T04:45:57","modified_gmt":"2019-01-03T04:45:57","slug":"govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/","title":{"rendered":"Gov\u2019t puts pen to paper on strategy for Egypt\u2019s energy hub ambitions"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <b>Gov\u2019t puts pen to paper on EastMed energy hub strategy: <\/b>A government committee has drafted a strategy to advance Egypt\u2019s plan to become the premier energy hub in the Eastern Mediterranean region, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1162858823892481\">according to a Cabinet statement<\/a>. The strategy involves studying and benchmarking similar projects elsewhere, conducting a cost\u2013benefit analysis, and devising short- and long-term action plans. We could also see our ports become the first to set up natural gas marine fuel stations along the eastern Mediterranean. The committee will hand its recommendation to cabinet for review.<\/p>\n<p><b>This comes as friendlier oil and gas contracts are set to take effect this quarter:<\/b> We had noted <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/18\/friendlier-terms-on-oil-and-gas-production-sharing-agreements-to-take-effect-in-1q2019\/\">last October<\/a> that the Oil Ministry is planning to roll out new production sharing contracts with friendlier terms for international oil companies. The new framework, which is set to take effect this quarter, would grant the companies a larger share of the output and allow them to sell their share of production to anyone they like. This would replace the current, more rigid system, which gives producers only one-third of output and sets the government as the only buyer of their share of production at preset prices. Taken with a push \u2014 emphasized last week by President Abdel Fattah El Sisi \u2014 for more refining capacity as well as for the repayment of arrears to E&P companies, the move could significantly improve an already bright climate for oil and gas players in Egypt.<\/p>\n<p><b>Israeli energy minister coming to town next month:<\/b> Also on the energy hub front: Israeli Energy Minister Yuval Steinitz will be in town between 11-13 February for talks with President Abdel Fattah El Sisi and Electricity Ministry Mohamed Shaker, an Israeli government official <a href=\"https:\/\/www.i24news.tv\/en\/news\/international\/middle-east\/192308-190102-source-to-i24news-israeli-minister-to-meet-egypt-s-sisi-in-cairo\">told i24NEWS<\/a>. Steinitz\u2019s visit will coincide with the <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a> and comes after a USD 1.76 bn international arbitration ruling <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/22\/egypt-finalizes-settlement-with-israel-on-usd-1-76-bn-intl-arbitration-ruling\/\">in November<\/a> paved the way for Egypt to import as much as USD 15 bn worth of natural gas from Egypt over a 10-year period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t puts pen to paper on EastMed energy hub strategy: A government committee has drafted a strategy to advance Egypt\u2019s plan to become the premier energy hub in the Eastern Mediterranean region, according to a Cabinet statement. The strategy involves studying and benchmarking similar projects elsewhere, conducting a cost\u2013benefit analysis, and devising short- and long-term [&hellip;]<\/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":[8572],"tags":[7097,93,72,100,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599580","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-development","tag-energy","tag-enterpriseam","tag-policy","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"70b148c3-6eef-4379-8fd0-9f38ec66306a","is_powered_by":true,"section_story_id":"faf59b17-5426-4507-8af0-ab22c37ccd19","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599573],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t puts pen to paper on strategy for Egypt\u2019s energy hub ambitions - 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\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t puts pen to paper on strategy for Egypt\u2019s energy hub ambitions\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t puts pen to paper on EastMed energy hub strategy: A government committee has drafted a strategy to advance Egypt\u2019s plan to become the premier energy hub in the Eastern Mediterranean region, according to a Cabinet statement. The strategy involves studying and benchmarking similar projects elsewhere, conducting a cost\u2013benefit analysis, and devising short- and long-term [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-03T04:45:57+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t puts pen to paper on strategy for Egypt\u2019s energy hub ambitions\",\"datePublished\":\"2019-01-03T04:45:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/\"},\"wordCount\":344,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"development\",\"energy\",\"EnterpriseAM\",\"policy\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/govt-puts-pen-to-paper-on-strategy-for-egypts-energy-hub-ambitions\/\",\"name\":\"Gov\u2019t puts pen to paper on strategy for Egypt\u2019s energy hub ambitions - 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The pipeline will be used to bring in natgas for re-export to Europe,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]},{"id":682240,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/our-east-med-energy-hub-play-gets-another-shot-in-the-arm\/","url_meta":{"origin":599580,"position":2},"title":"Our East Med energy hub play gets another shot in the arm","author":"enterpriseam admin","date":"6 January 2026","format":false,"excerpt":"A pact to supply natural gas and petroleum products to Syria is the latest in a string of agreements that cement Egypt\u2019s position as the premier East Med energy hub","rel":"","context":"In &quot;The Big Story Today&quot;","block_context":{"text":"The Big Story Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-big-story-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/155.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632856,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/israel-gas-deal-supports-egypts-economic-momentum\/","url_meta":{"origin":599580,"position":3},"title":"Israel gas deal supports Egypt\u2019s economic momentum","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"The Oil Ministry dropped its biggest hint yet that the government will approve a USD 15 bn pact to import gas from Israel. \u201cThe agreement between [Noble Energy, Delek and Dolphinus] to import gas from Israel will be subject to Egyptian regulations governing gas imports,\u201d Oil Ministry spokesperson Hamdy Abdel\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/2\/1360.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625892,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/egypt-could-be-processing-natural-gas-from-cyprus-by-2022\/","url_meta":{"origin":599580,"position":4},"title":"Egypt could be processing natural gas from Cyprus by 2022","author":"enterpriseam admin","date":"26 August 2018","format":false,"excerpt":"Natural gas from Cyprus\u2019 Aphrodite field could begin flowing into Egypt by 2022, according to comments attributed to Cypriot Energy Minister Giorgos Lakkotrypis last week by the Cyprus Mail. 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