{"id":601442,"date":"2019-02-28T03:38:47","date_gmt":"2019-02-28T03:38:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/egypts-position-as-regional-hub-secure-as-lng-demand-looks-set-to-grow\/"},"modified":"2019-02-28T03:38:47","modified_gmt":"2019-02-28T03:38:47","slug":"egypts-position-as-regional-hub-secure-as-lng-demand-looks-set-to-grow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/egypts-position-as-regional-hub-secure-as-lng-demand-looks-set-to-grow\/","title":{"rendered":"Egypt\u2019s position as regional hub secure as LNG demand looks set to grow"},"content":{"rendered":"

<\/a> Israel\u2019s LNG export dreams look increasingly dependent on Egypt:<\/b> It is increasingly clear that an agreement between Cyprus, Greece, and Israel reached last December to proceed with an East Med pipeline will not give Israel the edge to exporting the region\u2019s gas to Europe without Egypt, according to an analysis piece from Haaretz<\/a><\/u>. For one, Cyprus and Israel are in dispute over the delineation of their respective East Med gas fields. Israel is also engaged in a maritime border dispute with Lebanon, and Turkey is actively trying to block Cyprus\u2019 bid to exploit its gas fields. In an interview with the Cypriot news agency CNA earlier this month, Oil Minister Tarek El Molla said it best when he noted that feasibility study for the project would take up to two years, \u201cwhich in itself is a luxury the region can\u2019t afford any more.\u201d Egypt, he added, was the lowest-cost option for exporting the region\u2019s gas.<\/p>\n

As Egypt secures its role as the region\u2019s gas export hub, Shell sees demand for LNG growing in the next few decades<\/b>, according to the the company\u2019s LNG Outlook 2019 report (pdf)<\/a><\/u>. Natural gas is expected to account for 41% of total growth in demand for energy until 2035, according to the report. This makes gas the largest source of growth in global energy usage over that period. Global trade for LNG grew 10% in 2018 to 319 mn tonnes, bolstered by strong demand in Asia, particularly China and South Korea. China\u2019s increasing demand for cleaner fuel is expected to be among the primary drivers behind the growth of LNG over the next two decades.<\/p>\n

Egypt\u2019s LNG imports fell 4% y-o-y in 2018<\/b>, the report also noted.<\/p>\n

Shell\u2019s Idku increases exports of LNG to 800 mcf\/d: <\/b>Speaking of Shell, the company\u2019s Idku liquefaction plant has increased exports of natural gas to 800 mcf\/d, up from 500 mcf\/d at the beginning of this year, El Molla told the domestic press<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Israel\u2019s LNG export dreams look increasingly dependent on Egypt: It is increasingly clear that an agreement between Cyprus, Greece, and Israel reached last December to proceed with an East Med pipeline will not give Israel the edge to exporting the region\u2019s gas to Europe without Egypt, according to an analysis piece from Haaretz. For one, […]<\/p>\n","protected":false},"author":1,"featured_media":601443,"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":[211,72,89,91,594,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-cyprus","tag-enterpriseam","tag-israel","tag-oil-and-gas","tag-shell","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7a736a9c-477a-4b5e-8a0a-eac885c6a864","is_powered_by":true,"section_story_id":"803908be-aa5d-4066-8579-0c2b64a7854d","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/2\/263.png","photo_position":"above","related_issue":[601432],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s position as regional hub secure as LNG demand looks set to grow - 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\/02\/28\/egypts-position-as-regional-hub-secure-as-lng-demand-looks-set-to-grow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s position as regional hub secure as LNG demand looks set to grow\" \/>\n<meta property=\"og:description\" content=\"Israel\u2019s LNG export dreams look increasingly dependent on Egypt: It is increasingly clear that an agreement between Cyprus, Greece, and Israel reached last December to proceed with an East Med pipeline will not give Israel the edge to exporting the region\u2019s gas to Europe without Egypt, according to an analysis piece from Haaretz. 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2018","format":false,"excerpt":"Cyprus, Israel look to settle territorial dispute over Aphrodite gas field, possibly clearing last barrier to pipeline connecting Aphrodite to Egypt: Cyprus and Israel are looking to settle their ongoing dispute over their respective maritime borders and how much of the Aphrodite gas field in the eastern Mediterranean falls in\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":[]},{"id":605729,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/israel-cyprus-greece-are-about-to-make-big-decisions-about-the-future-of-east-med-gas\/","url_meta":{"origin":601442,"position":1},"title":"Israel, Cyprus + Greece are about to make big decisions about the future of East Med gas","author":"enterpriseam admin","date":"5 September 2023","format":false,"excerpt":"Momentum is growing behind a proposal to establish a pipeline linking Israel\u2019s gas fields to Europe","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\/9\/338.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":601442,"position":2},"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":[]},{"id":629919,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/egypt-is-coming-out-on-top-in-the-regional-scuffle-over-east-med-gas\/","url_meta":{"origin":601442,"position":3},"title":"Egypt is coming out on top in the regional scuffle over East Med gas","author":"enterpriseam admin","date":"4 April 2018","format":false,"excerpt":"Egypt is coming out on top in the regional scramble for effective control of East Med gas: Egypt, Israel, and Cyprus\u2019 recent gas findings and agreements have played out in Egypt\u2019s favor and left Turkey out in the cold, Deutsche Welle says. Tension between Turkey and its neighbors in the\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/17.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651206,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/07\/natural-gas-from-east-med-could-supply-europe-if-disputes-are-resolved\/","url_meta":{"origin":601442,"position":4},"title":"Natural gas from East Med could supply Europe if disputes are resolved","author":"enterpriseam admin","date":"7 February 2017","format":false,"excerpt":"Natural gas reserves in the East Mediterranean can fuel Europe, David Wainer writes in an evergreen story for Bloomberg. Looking at gas from Egypt, Cyprus, and Israel, Wainer writes: \u201chundreds of miles of undersea pipelines will cost [bns of USD] and pose a technical challenge for their designers. And even\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":[]},{"id":630657,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/why-cant-israel-just-cast-its-natural-gas-lot-with-egypt-just-like-everyone-else\/","url_meta":{"origin":601442,"position":5},"title":"Why can\u2019t Israel just cast its natural gas lot with Egypt just like everyone else?","author":"enterpriseam admin","date":"29 April 2018","format":false,"excerpt":"Why can\u2019t Israel just cast its gas lot with Egypt like everyone else? Israel appears to still be trying to get a EUR 6 bn natural gas pipeline to sell natural gas from its Leviathan field to Europe. The pipeline would connect its fields to Cyprus, Greece and Italy. Israel\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\/601442","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=601442"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601442\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/601443"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601442"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601442"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}