{"id":637346,"date":"2017-11-14T04:08:32","date_gmt":"2017-11-14T04:08:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/govt-will-only-approve-gas-imports-from-israel-after-disputes-are-resolved-el-molla\/"},"modified":"2017-11-14T04:08:32","modified_gmt":"2017-11-14T04:08:32","slug":"govt-will-only-approve-gas-imports-from-israel-after-disputes-are-resolved-el-molla","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/govt-will-only-approve-gas-imports-from-israel-after-disputes-are-resolved-el-molla\/","title":{"rendered":"Gov\u2019t will only approve gas imports from Israel after disputes are resolved -El Molla"},"content":{"rendered":"

<\/a> The government will not issue permits to companies to import natural gas from Israel <\/strong>until the arbitration cases between Egypt and Israel are resolved<\/strong>, Oil Minister Tarek El Molla said, according to Reuters<\/a>. The government will sign off on agreements to import from our eastern neighbor only once the disputes are resolved and under the condition that the agreements \u201cadd value,\u201d El Molla say. \u201cDelegations [from Israel] are healthy as it means there are discussions and negotiations, but they have to meet the conditions put by the government as that is only fair,\u201d he says. \u201cIn 2015, the International Chamber of Commerce ordered Egypt to pay USD 2 bn in compensation after [an agreement] to export gas to Israel via pipeline collapsed in 2012 due to attacks by insurgents in Egypt\u2019s Sinai peninsula,\u201d the newswire notes.<\/p>\n

Dolphinus Holdings, a company owned in part by industrialist Alaa Arafa, has long been <\/strong>interested in importing natural gas from Israel<\/strong>\u2019s Tamar gas field, as we have previously noted on multiple occasions<\/a>. Israel said last year<\/a> that it could settle for less than half the total fine imposed in the case brought by Israel Electric, which Egypt has sought to overturn<\/a> since December 2015.<\/p>\n

Speaking on upcoming local projects, El Molla said that the EGPC plans to open a new bid <\/strong>round for onshore oil blocks<\/strong>, according to The National<\/a>. \u201cEGPC\u2019s onshore bid round will be before year end, nine to ten blocks will be offered from the Western desert and Eastern blocks,\u201d he said.<\/p>\n

Separately, El Molla also said<\/a> that the government aims to finalize contracts with local <\/strong>and foreign companies that were awarded five gold mining concessions by year\u2019s end<\/strong>. Four firms, including two foreign companies, were awarded the five blocks in the Eastern Desert and the Sinai peninsula in the first tender for new gold exploration since 2009 last January. There are no plans for offering new concessions until the contracts for this year\u2019s tender are finalized, El Molla says. Egypt\u2019s largest gold producers, including Centamin, Aton Resources, and Thani Stratex, <\/strong>had all refused to participate<\/strong><\/a> in the bid round<\/strong> citing concerns over the Egyptian Mineral Resources Authority (EMRA)\u2019s insistence that production sharing agreements were the way to go. Former head of EMRA Omar Taima had challenged them saying the bid round was \u201csuccessful,\u201d despite no participations from major companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 are resolved and under the […]<\/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-637346","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"43f098f7-e358-4eb8-8783-f5f0d4b8a8cd","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637338],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t will only approve gas imports from Israel after disputes are resolved -El Molla - 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\/11\/14\/govt-will-only-approve-gas-imports-from-israel-after-disputes-are-resolved-el-molla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t will only approve gas imports from Israel after disputes are resolved -El Molla\" \/>\n<meta property=\"og:description\" content=\"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. 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Dolphinus Holdings\u2019 USD 15 bn natural gas import agreement with Israel\u2019s Delek Drilling and Noble Energy dominated the debate, causing a stir that had Oil Minister Tarek El Molla calling up the nation\u2019s talking heads all night to explain how the deregulation of the\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637837,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/egypt-is-open-to-buying-natural-gas-from-israel-sources\/","url_meta":{"origin":637346,"position":1},"title":"Egypt is open to buying natural gas from Israel -sources","author":"enterpriseam admin","date":"27 November 2017","format":false,"excerpt":"Egypt is reportedly still open to buying natural gas from Israel, sources close to the matter tell Bloomberg. Israeli Energy Minister Yuval Steinitz spoke to Oil Minister Tarek El Molla last week, after the latter\u2019s interview with Bloomberg about Egypt reaching self-sufficiency and cutting state LNG imports by 2018 \u201csent\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":632796,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/dolphinus-reportedly-signs-usd-15-bn-natural-gas-agreement-with-israel\/","url_meta":{"origin":637346,"position":2},"title":"Dolphinus reportedly signs USD 15 bn natural gas agreement with Israel","author":"enterpriseam admin","date":"20 February 2018","format":false,"excerpt":"Egypt just became the region\u2019s premier energy hub. Delek Drilling and Noble Energy announced signing two binding agreements to export gas from Israel to Egypt via Dolphinus Holdings, according to Globes. \u201cEgypt is becoming a real gas hub \u2026 This [agreement] is the first [transaction] of potentially more to come,\u201d\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":635958,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/government-to-honor-historical-gas-export-contracts\/","url_meta":{"origin":637346,"position":3},"title":"Government to honor historical gas export contracts","author":"enterpriseam admin","date":"18 December 2017","format":false,"excerpt":"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\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":621652,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/jordan-wants-to-increase-natural-gas-imports-from-egypt\/","url_meta":{"origin":637346,"position":4},"title":"Jordan wants to increase natural gas imports from Egypt","author":"enterpriseam admin","date":"14 November 2018","format":false,"excerpt":"Jordan wants to import more natural gas from Egypt \u2014 enough to eventually cover as much as a third of the kingdom\u2019s demand, Jordanian Energy Minister Hala Zawati said, according to Reuters. The bid hinges on construction of a pipeline between Jordan and Iraq that has been delayed due political\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":637346,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637346","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=637346"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637346\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637338"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637346"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637346"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}