{"id":635958,"date":"2017-12-18T04:02:22","date_gmt":"2017-12-18T04:02:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/"},"modified":"2017-12-18T04:02:22","modified_gmt":"2017-12-18T04:02:22","slug":"government-to-honor-historical-gas-export-contracts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/","title":{"rendered":"Government to honor historical gas export contracts"},"content":{"rendered":"

<\/a> The Sisi administration plans to honor all export contracts Egypt signed before the nation became a net importer of gas back in 2012<\/strong>, said Oil Minister Tarek El Molla, Al Shorouk reports<\/a>. The statement appears to signal that the government plans to use influx of gas from Zohr, which it hopes will help Egypt become a net gas exporter in 2018, to resolve outstanding contracts which has caused legal headaches for the government. Most significant of these is a ruling by a Swiss court which fined Egypt USD 2 bn<\/a> in compensation to Israel Electric Corporation (IEC) for halting gas supplies to our eastern neighbor in 2012. The case had led to the government suspending any plans to importing gas from Israel as part of a region-wide collaboration to export gas from the East Mediterranean to Europe. Egypt and Israel have reportedly been holding talks behind closed doors to revive cooperation efforts<\/a>.<\/p>\n

Meanwhile, output from the Zohr gas field will raise Egypt\u2019s natural gas production rate to 5.5 bcf\/d from 5.1 bcf\/d<\/strong>, Oil Minister Tarek El Molla told Reuters<\/a>. Zohr will add 350 mcf\/d of natural gas, with output increasing to around 1 bcf\/d by mid-2018, he had said. Separately, Saudi Aramco has supplied 1 mn bbl of crude to Egyptian refineries<\/strong>, El Molla also said. \u201cEgypt and Saudi Arabia will be studying the economic feasibility of continuing to refine Saudi crude in Egyptian refineries by the start of 2018 \u2026 Saudi Arabia agreed in April last year to provide Egypt with 700,000 tonnes of refined oil products a month for five years,\u201d Reuters notes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Sisi administration plans to honor all export contracts Egypt signed before the nation became a net importer of gas back in 2012, said Oil Minister Tarek El Molla, Al Shorouk reports. The statement appears to signal that the government plans to use influx of gas from Zohr, which it hopes will help Egypt become […]<\/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-635958","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1cd302fe-a3e3-43f0-ab3a-ac2ed65673b2","order":"0","is_powered_by":true,"section_story_id":"bf388894-32d5-40e8-aa8e-4bd3b564c879","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635944],"teaser":"","voice_url":""},"yoast_head":"\nGovernment to honor historical gas export contracts - 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\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government to honor historical gas export contracts\" \/>\n<meta property=\"og:description\" content=\"The Sisi administration plans to honor all export contracts Egypt signed before the nation became a net importer of gas back in 2012, said Oil Minister Tarek El Molla, Al Shorouk reports. The statement appears to signal that the government plans to use influx of gas from Zohr, which it hopes will help Egypt become […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-18T04:02:22+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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Government to honor historical gas export contracts\",\"datePublished\":\"2017-12-18T04:02:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/\",\"name\":\"Government to honor historical gas export contracts - 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The government will sign off on agreements to import from our eastern neighbor only once the disputes\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":625596,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gas-imports-from-israel-reducing-fines-egypts-gas-hub-plans-coming-through-offshore-companies\/","url_meta":{"origin":635958,"position":1},"title":"Gas imports from Israel, reducing fines, Egypt\u2019s gas hub plans coming through offshore companies","author":"enterpriseam admin","date":"9 August 2018","format":false,"excerpt":"Go inside the web of private operators who are helping turn Egypt into the region\u2019s premier energy hub: Operators of Israel\u2019s Leviathan gas field are finalizing an agreement with their Egyptian partner that would bring Egypt closer to its goal of becoming the export hub for natural gas from the\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\/2018\/8\/461.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650359,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/east-med-gas-to-replace-north-sea-steinitz\/","url_meta":{"origin":635958,"position":2},"title":"East Med gas to replace North Sea -Steinitz","author":"enterpriseam admin","date":"22 March 2017","format":false,"excerpt":"Israel is looking to pump gas to Europe soon: Israel\u2019s Energy Minister Yuval Steinitz believes talks to build a natural gas pipeline from Israel to Turkey may conclude as early as this summer. Steinitz told Bloomberg TV\u2019s Yousef Gamal El Din and Shery Ahn \u201cthe purpose is to conclude by\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":635958,"position":3},"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":621947,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/egypt-finalizes-settlement-with-israel-on-usd-1-76-bn-intl-arbitration-ruling\/","url_meta":{"origin":635958,"position":4},"title":"Egypt finalizes settlement with Israel on USD 1.76 bn int\u2019l arbitration ruling","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"Egypt finalizes settlement with Israel on USD 1.76 bn int\u2019l arbitration ruling: The Madbouly government has finalized a settlement to reduce a USD 1.76 bn award Israeli Electric Company won in 2012 against EGAS, EGPC and East Mediterranean Gas (EMG), unnamed government sources told the domestic press. The settlement, awarded\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":636020,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/","url_meta":{"origin":635958,"position":5},"title":"Egypt to allow foreign companies to export gas in five years","author":"enterpriseam admin","date":"19 December 2017","format":false,"excerpt":"Egypt will allow foreign companies to \u201cfreely\u201d export natural gas not needed for domestic use in five years, Oil Minister Tarek El Molla announced on Monday during Al Ahram\u2019s energy conference, according to Reuters. 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