{"id":642424,"date":"2017-08-14T04:09:33","date_gmt":"2017-08-14T04:09:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/"},"modified":"2017-08-14T04:09:33","modified_gmt":"2017-08-14T04:09:33","slug":"lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/","title":{"rendered":"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla"},"content":{"rendered":"

Egypt plans on buying just 80 LNG cargoes in FY2017-18, down from 118 in <\/strong>FY2016-17<\/strong>, Oil Minister Tarek El Molla said, according to Reuters<\/a>. The initial projection for FY2016-17 was to buy 154 LNG cargoes, but an increase in domestic production drove the actual purchases down to 118, he says. Egypt expects natural gas production to reach 6.2 bcf\/d by the end of FY2017-18 as Eni\u2019s supergiant gas field Zohr begins production. First gas from Zohr is expected by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt plans on buying just 80 LNG cargoes in FY2017-18, down from 118 in FY2016-17, Oil Minister Tarek El Molla said, according to Reuters. The initial projection for FY2016-17 was to buy 154 LNG cargoes, but an increase in domestic production drove the actual purchases down to 118, he says. Egypt expects natural gas production […]<\/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-642424","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5fffb3f9-8314-4581-91e8-23faff300df1","order":"0","is_powered_by":true,"section_story_id":"61fc4aaf-66f2-426b-b995-8fde43e1af25","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642407],"teaser":"","voice_url":""},"yoast_head":"\nLNG cargo purchases to drop to 80 in the current fiscal year -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\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla\" \/>\n<meta property=\"og:description\" content=\"Egypt plans on buying just 80 LNG cargoes in FY2017-18, down from 118 in FY2016-17, Oil Minister Tarek El Molla said, according to Reuters. The initial projection for FY2016-17 was to buy 154 LNG cargoes, but an increase in domestic production drove the actual purchases down to 118, he says. Egypt expects natural gas production […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-14T04:09:33+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla\",\"datePublished\":\"2017-08-14T04:09:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/\"},\"wordCount\":98,\"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\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/\",\"name\":\"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-08-14T04:09:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/","og_locale":"en_US","og_type":"article","og_title":"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla","og_description":"Egypt plans on buying just 80 LNG cargoes in FY2017-18, down from 118 in FY2016-17, Oil Minister Tarek El Molla said, according to Reuters. The initial projection for FY2016-17 was to buy 154 LNG cargoes, but an increase in domestic production drove the actual purchases down to 118, he says. Egypt expects natural gas production […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-08-14T04:09:33+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla","datePublished":"2017-08-14T04:09:33+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/"},"wordCount":98,"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\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/","name":"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-08-14T04:09:33+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/lng-cargo-purchases-to-drop-to-80-in-the-current-fiscal-year-el-molla\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"LNG cargo purchases to drop to 80 in the current fiscal year -El Molla"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":639086,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/rosneft-looking-into-expanding-zohr-stake\/","url_meta":{"origin":642424,"position":0},"title":"Rosneft looking into expanding Zohr stake","author":"enterpriseam admin","date":"22 October 2017","format":false,"excerpt":"INVESTMENT WATCH- Rosneft CEO Igor Sechin told reporters the company is considering buying an additional 5% stake in Zohr, Reuters reports. Rosneft recently closed its acquisition of a 30% stake in the gas field \u2014 first announced last year \u2014 from Eni for USD 1.125 bn. Sechin also added some\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":641350,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/19\/egypt-targets-importing-lng-cargoes-worth-usd-1-8-bn-in-fy2017-18\/","url_meta":{"origin":642424,"position":1},"title":"Egypt targets importing LNG cargoes worth USD 1.8 bn in FY2017-18","author":"enterpriseam admin","date":"19 September 2017","format":false,"excerpt":"Egypt has budgeted to import LNG cargoes worth USD 1.8 bn in FY2017-18, Oil Minister Tarek El Molla said yesterday, Reuters\u2019 Arabic service reports. El Molla had said last month that Egypt would buy 80 LNG cargoes in FY2017-18. An increase in local production had driven last fiscal year\u2019s LNG\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567430,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/egypt-to-negotiate-long-term-gas-agreements-as-prices-plunge\/","url_meta":{"origin":642424,"position":2},"title":"Egypt to negotiate long-term gas agreements as prices plunge","author":"enterpriseam admin","date":"22 January 2020","format":false,"excerpt":"Plunging gas prices are forcing Egypt to change its gas-selling strategy: Egypt will reduce the amount of liquefied natural gas (LNG) it sells via short-term contracts and negotiate long-term agreements in response to plunging gas prices, Bloomberg quoted Oil MinisterTarek El Molla as saying. The government is currently in talks\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\/2020\/1\/670.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569658,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/03\/eni-to-export-gas-from-damietta-lng-plant\/","url_meta":{"origin":642424,"position":3},"title":"Eni to export gas from Damietta LNG plant","author":"enterpriseam admin","date":"3 March 2020","format":false,"excerpt":"Eni to export gas from Damietta LNG plant this year: Eni is looking to begin exporting natural gas from the Damietta LNG plant this year, the local press reports, citing an unnamed source at the Oil Ministry. The company is permitted to export production from its Zohr natural gas field\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\/2020\/3\/40.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628048,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/did-eni-pledge-usd-3-bn-in-investments-in-egypt-plus-we-could-be-exporting-natural-gas-by-years-end-early-2019\/","url_meta":{"origin":642424,"position":4},"title":"Did Eni pledge USD 3 bn in investments in Egypt? Plus: We could be exporting natural gas by year\u2019s end, early 2019","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"INVESTMENT WATCH- Did Eni pledge USD 3 bn in investments in Egypt? Eni plans to allocate USD 3 bn in new investments in Egypt over \u201cthe coming period,\u201d Eni CEO Claudio Descalzi said, according to a purported statement from the Oil Ministry floating around in the local press on Thursday.\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":601646,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/06\/egypt-lng-exports-hit-five-year-high\/","url_meta":{"origin":642424,"position":5},"title":"Egypt LNG exports hit five-year high","author":"enterpriseam admin","date":"6 March 2019","format":false,"excerpt":"Egypt LNG exports hit five-year high: Liquefied natural gas (LNG) exports from Egypt\u2019s Idku liquefaction plant increased 44% in February to 391.3 mcm, according to analysis from Platts. This is the highest amount of LNG exported from Egypt since May 2013. Four cargoes were shipped during the month, including two\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\/2022\/10\/479.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642424","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=642424"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642424\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642407"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642424"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642424"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}