{"id":636020,"date":"2017-12-19T04:03:56","date_gmt":"2017-12-19T04:03:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/"},"modified":"2017-12-19T04:03:56","modified_gmt":"2017-12-19T04:03:56","slug":"egypt-to-allow-foreign-companies-to-export-gas-in-five-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/","title":{"rendered":"Egypt to allow foreign companies to export gas in five years"},"content":{"rendered":"

<\/a> Egypt will allow foreign companies to \u201cfreely\u201d export natural gas not needed for domestic use in five years<\/strong>, Oil Minister Tarek El Molla announced on Monday during Al Ahram\u2019s energy conference, according to Reuters<\/a>. New exploration contracts contains a clause that allows companies to export a part of their share of extracted gas abroad in the event it is not needed by Egypt, El Molla told a news conference. The move, which comes as part of Egypt\u2019s strategy to become a regional hub for exporting gas next year, comes after the Zohr gas field began production on Saturday, raising Egypt\u2019s production to 5.5 bcf\/d by next year.<\/p>\n

El Molla also said that the government was looking to buy \u201cthe foreign partner\u2019s stake\u201d in Zohr<\/strong>, Al Masry Al Youm reports<\/a>. He was not clear if the state was looking at all or part of Eni\u2019s stake alone, or whether he was referring to Rosneft and BP.<\/p>\n

The executive regulations for the new Natural Gas Act are expected to come out in the coming weeks<\/strong>, El Molla reportedly said. The new deadline delays the coming of the law \u2014 which allows the private sector to import and distribute natural gas and sees the state reduce its role to that of a market regulator. El Molla had said the regs would be out this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. New exploration contracts contains a clause that allows companies to export a part of their share of extracted gas abroad in […]<\/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-636020","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"99cfe8b5-61b3-4a08-bdb0-a82a9a5433a4","order":"0","is_powered_by":true,"section_story_id":"e1a28d84-76de-4618-aa7a-42ce8bde80c0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636003],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to allow foreign companies to export gas in five years - 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\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to allow foreign companies to export gas in five years\" \/>\n<meta property=\"og:description\" content=\"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. New exploration contracts contains a clause that allows companies to export a part of their share of extracted gas abroad in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-19T04:03:56+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\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to allow foreign companies to export gas in five years\",\"datePublished\":\"2017-12-19T04:03:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/\"},\"wordCount\":237,\"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\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/egypt-to-allow-foreign-companies-to-export-gas-in-five-years\/\",\"name\":\"Egypt to allow foreign companies to export gas in five years - 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The statement appears to signal that the government plans to use influx of gas from Zohr, which it\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":630346,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/possible-eu-agreement-next-shell-resumes-eastmed-ops-and-more-from-med-offshore-conference\/","url_meta":{"origin":636020,"position":2},"title":"Possible EU agreement next? Shell resumes EastMed ops and more from Med Offshore Conference","author":"enterpriseam admin","date":"18 April 2018","format":false,"excerpt":"Is this it? Are we going to be the energy export hub to the EU next week? Egypt is expected to sign a new oil and gas agreement with the EU next week, Oil Minister Tarek El Molla said yesterday, without providing further details. While he framed the announcement as\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":546487,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/rising-oil-import-prices-could-cancel-out-gas-export-gains-el-molla\/","url_meta":{"origin":636020,"position":3},"title":"Rising oil import prices could cancel out gas export gains -El Molla","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"Egypt\u2019s rising oil import bill could cancel out any gains from higher gas export revenues this year, Oil Minister Tarek El Molla told CNBC Arabia yesterday (watch, runtime: 11:49). \u201cIt\u2019s possible that the extra [income] we get from our gas exports could be canceled out by the increase in the\u2026","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\/2022\/5\/230.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637346,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/govt-will-only-approve-gas-imports-from-israel-after-disputes-are-resolved-el-molla\/","url_meta":{"origin":636020,"position":4},"title":"Gov\u2019t will only approve gas imports from Israel after disputes are resolved -El Molla","author":"enterpriseam admin","date":"14 November 2017","format":false,"excerpt":"The government will not issue permits to companies to import natural gas from Israel until the arbitration cases between Egypt and Israel are resolved, Oil Minister Tarek El Molla said, according to Reuters. 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":596262,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/zohr-natural-gas-field-production-rises-to-2-7-bcf-d\/","url_meta":{"origin":636020,"position":5},"title":"Zohr natural gas field production rises to 2.7 bcf\/d","author":"enterpriseam admin","date":"22 August 2019","format":false,"excerpt":"Zohr production is four months ahead of schedule: Production from the Zohr natural gas field has reached the 2.7 bcf\/d mark four months ahead of schedule, Oil Minister Tarek El Molla said in a statement (pdf). This is significantly higher than the figures provided by Rosneft, which last week said\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\/636020","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=636020"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636020\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636003"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636020"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636020"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}