{"id":635038,"date":"2018-01-31T04:19:56","date_gmt":"2018-01-31T04:19:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/italy-could-become-europes-main-natural-gas-hub-an-exporter-for-the-first-time\/"},"modified":"2018-01-31T04:19:56","modified_gmt":"2018-01-31T04:19:56","slug":"italy-could-become-europes-main-natural-gas-hub-an-exporter-for-the-first-time","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/italy-could-become-europes-main-natural-gas-hub-an-exporter-for-the-first-time\/","title":{"rendered":"Italy could become Europe\u2019s main natural gas hub, an exporter for the first time"},"content":{"rendered":"

Relevant to Egypt\u2019s ambition as a regional gas and energy export hub: Italy is the new \u201ccenter of gravity in Europe\u2019s natural gas market\u201d and could soon find itself an exporter for the first time in its history<\/strong>, according to Bloomberg<\/a>. The country\u2019s favorable geography makes it \u201cvery well positioned to act as a hub,\u201d Snam SpA CEO Marco Alvera says. New discoveries in Egypt and Israel, as well as existing connections to Libya, Algeria, Russia, and the North Sea have put Italy on the map. But Alvera says the the country is poised to become an exporter of natural gas as well. He explains that Snam is pursuing an extensive pipeline strategy that could, if successful, even reduce Europe\u2019s high gas prices by connecting Italy to the Caspian sea through a \u201cEUR 4.5 bn Trans-Adriatic Pipeline that it\u2019s developing with BP Plc and the State Oil Co. of Azerbaijan.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Relevant to Egypt\u2019s ambition as a regional gas and energy export hub: Italy is the new \u201ccenter of gravity in Europe\u2019s natural gas market\u201d and could soon find itself an exporter for the first time in its history, according to Bloomberg. The country\u2019s favorable geography makes it \u201cvery well positioned to act as a hub,\u201d […]<\/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-635038","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4ce519ef-5f01-4aed-92ed-9d308b56428a","order":"0","is_powered_by":true,"section_story_id":"026c060f-5c62-4278-9bd8-3472fbb0649f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635018],"teaser":"","voice_url":""},"yoast_head":"\nItaly could become Europe\u2019s main natural gas hub, an exporter for the first time - 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\/31\/italy-could-become-europes-main-natural-gas-hub-an-exporter-for-the-first-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italy could become Europe\u2019s main natural gas hub, an exporter for the first time\" \/>\n<meta property=\"og:description\" content=\"Relevant to Egypt\u2019s ambition as a regional gas and energy export hub: Italy is the new \u201ccenter of gravity in Europe\u2019s natural gas market\u201d and could soon find itself an exporter for the first time in its history, according to Bloomberg. 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Royal Dutch Shell is in talks to buy natural gas from Israel\u2019s Leviathan field and Cyprus\u2019 Aphrodite field and pump it to the Idku liquefaction plant in Egypt, sources told Bloomberg. \u201cTalks are at an early stage and some of Aphrodite\u2019s\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":634471,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/egypts-role-indispensible-in-developing-east-med-gas-hub-butler\/","url_meta":{"origin":635038,"position":1},"title":"Egypt\u2019s role indispensible in developing east Med gas hub -Butler","author":"enterpriseam admin","date":"16 January 2018","format":false,"excerpt":"Egypt can once again become an energy exporter and \u201cbuild on its existing role as one of the most important trading hubs in the region, ideally placed to link western and eastern markets,\u201d Nick Butler writes for The Financial Times. \u201cEgypt\u2019s opportunity is that it finds itself at the crossroads\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":600602,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/","url_meta":{"origin":635038,"position":2},"title":"Egypt is leading the region\u2019s decline in liquefied natural gas demand","author":"enterpriseam admin","date":"4 February 2019","format":false,"excerpt":"Egypt\u2019s emergence as a regional gas hub is driving a decline in regional demand for liquefied natural gas, writes Verity Radcliffe for Bloomberg. 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The most viable option for Israeli natural gas exports is the Southern Gas Corridor, Cyril Widdershoven, a partner at Dutch risk consultancy Verocy and SVP MEA-Risk, told Azerbaijan\u2019s Trend news agency. 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