{"id":634297,"date":"2018-01-11T04:01:00","date_gmt":"2018-01-11T04:01:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/ft-makes-a-case-for-east-med-to-export-gas-to-europe-via-egypt\/"},"modified":"2018-01-11T04:01:00","modified_gmt":"2018-01-11T04:01:00","slug":"ft-makes-a-case-for-east-med-to-export-gas-to-europe-via-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/ft-makes-a-case-for-east-med-to-export-gas-to-europe-via-egypt\/","title":{"rendered":"FT makes a case for East Med to export gas to Europe via Egypt"},"content":{"rendered":"

<\/a> FT makes a case for East Med to export gas to Europe via Egypt:<\/strong> Not recognizing that Egypt is the most obvious (and economical) path for East Mediterranean countries to export gas from the Levantine Deep Marine Basin to Europe would be a waste of opportunity, according to the Financial Times\u2019 editorial board<\/a>. Egypt is ahead of the curve with its infrastructure, and the swift progress on the development of Zohr makes it the most convenient country to export gas to the EU. \u201cThe development of the Israeli, Lebanese and Cypriot fields is more fraught. With limited domestic markets all three will need to find external buyers at a time when world gas markets are close to saturated. The most pragmatic and practical near term path to outside markets would be to build a network of short pipelines and tap into Egypt\u2019s [largely idle] LNG plants.\u201d<\/p>\n

The FT also criticised the EU\u2019s preferred method for importing the gas \u2014 via a 2,000 km long and 3 km deep pipeline from the eastern Mediterranean to Italy.<\/strong> While being questionable commercially due to the how cumbersome and slow paced the development of such a project would take, the move could also see the EU squander an opportunity for regional integration, says the salmon-colored paper.<\/p>\n

In other gas related news, the US has beat Egypt to the punch and become a net exporter of gas for the first time since 1957<\/strong>, Bloomberg reports<\/a>. Net exports averaged about 0.4 bcf\/d last year, flipping from net inflows of 1.8 bcf\/d in 2016, according to Victoria Zaretskaya, a Washington-based analyst for the US Energy Information Administration.<\/p>\n","protected":false},"excerpt":{"rendered":"

FT makes a case for East Med to export gas to Europe via Egypt: Not recognizing that Egypt is the most obvious (and economical) path for East Mediterranean countries to export gas from the Levantine Deep Marine Basin to Europe would be a waste of opportunity, according to the Financial Times\u2019 editorial board. Egypt is […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634297","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ebdc3c46-25be-4df7-965d-44889089a240","order":"0","is_powered_by":true,"section_story_id":"97626070-f5cd-412b-a5b9-3c057c08aab8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634286],"teaser":"","voice_url":""},"yoast_head":"\nFT makes a case for East Med to export gas to Europe via Egypt - 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\/2018\/01\/11\/ft-makes-a-case-for-east-med-to-export-gas-to-europe-via-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FT makes a case for East Med to export gas to Europe via Egypt\" \/>\n<meta property=\"og:description\" content=\"FT makes a case for East Med to export gas to Europe via Egypt: Not recognizing that Egypt is the most obvious (and economical) path for East Mediterranean countries to export gas from the Levantine Deep Marine Basin to Europe would be a waste of opportunity, according to the Financial Times\u2019 editorial board. 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Shell is reportedly in talks to buy gas from the Israel\u2019s Leviathan and Cyprus\u2019 Aphrodite gas fields in a USD 25 bn, 10-year agreement, Israel\u2019s Globes reports citing a report from\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":632976,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/egypt-might-sign-export-agreement-for-east-med-gas-to-europe-as-early-as-mid-2018\/","url_meta":{"origin":634297,"position":2},"title":"Egypt might sign export agreement for East Med gas to Europe as early as mid-2018","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Egypt might sign an export agreement to ship East Med gas to Europe as early as mid-2018: Egypt will sign a memorandum of understanding with the EU to export gas from the East Mediterranean through its liquefaction plants before mid-2018, said Oil Minister Tarek El Molla at the International Petroleum\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":647134,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/egypt-has-potential-to-become-energy-trading-and-export-hub-bnp-paribas\/","url_meta":{"origin":634297,"position":3},"title":"Egypt has potential to become energy trading and export hub -BNP Paribas","author":"enterpriseam admin","date":"3 May 2017","format":false,"excerpt":"Egypt has clear potential to become an energy trading and export hub, notably for natural gas, according to a report by BNP Paribas (pdf) that suggests Egypt\u2019s bid to transform itself 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