{"id":682240,"date":"2026-01-06T00:00:00","date_gmt":"2026-01-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=682240"},"modified":"2026-01-20T13:35:22","modified_gmt":"2026-01-20T13:35:22","slug":"our-east-med-energy-hub-play-gets-another-shot-in-the-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/our-east-med-energy-hub-play-gets-another-shot-in-the-arm\/","title":{"rendered":"Our East Med energy hub play gets another shot in the arm"},"content":{"rendered":"

Egypt\u2019s bid to position itself as the premier energy hub in the eastern Mediterranean got <\/strong>another boost yesterday <\/strong>on the Levant side of the equation as the Oil Ministry signed two MoUs to help fuel Syria\u2019s reconstruction with the supply of natural gas and petroleum products.<\/p>\n

What's in the agreement:<\/strong> Egypt will use its floating storage and regasification units (FSRUs) and the national gas grid to regasify and transport fuel to Damascus for power generation. The agreements also open the door for Egyptian technical expertise to be used in rehabilitating Syria\u2019s midstream and downstream energy infrastructure, according to a statement<\/a> from Egypt\u2019s Cabinet.<\/p>\n

The Madbouly government made its positioning crystal clear <\/strong>in the statement, saying that the MoU reflects our position as a \u201clogistics hub for trading all types of conventional and renewable energy.\u201d<\/p>\n

Egypt inked a similar supply agreement with <\/strong>Lebanon<\/a><\/strong> last week and has also locked-in a <\/strong>long-term transit agreement <\/strong>with Cyprus<\/a><\/strong>, part of a broader strategy to position ourselves as the East Med\u2019s premier energy hub. Other components of the strategy include fuel bunkering facilities on the Suez Canal and the export of green fuel and green electrons to Europe. <\/p>\n

We have four FSRUs in place right now<\/strong>, including the Hoegh Galleon, Energos Power, Energos Eskimo, and Energos Winter. The first three are moored in Ain Sokhna, while the Winter is in Damietta. The Hoegh Gandria will arrive in Egypt at the end of this year to replace the Galleon on a 10-year lease. The four current vessels give us c. 2.7 bcf \/ day of regasification capacity. We exclusively reported last month<\/a> that the Oil Ministry had shelved plans to phase-out the FSRUs. <\/p>\n

\n

Other oil + gas news<\/p>\n

Egypt <\/strong>paid<\/strong> the UAE\u2019s Dana Gas USD 50 mn in overdue receivables<\/strong>, a move that comes as the regional player plans to drill seven new natural gas wells in 2026, according to a statement (pdf)<\/a> from the company. The drilling project is part of a broader program to drill a total of 11 new wells here. Dana reported a discovery at its North El Basant 1 concession<\/a> last month.<\/p>\n

Why it matters:<\/strong> Paying dues to energy companies leads debottlenecks the exploration activity<\/a> that in turn supports growth in domestic production. Dana says its 2026 drilling program should save Egypt over USD 1 bn by reducing reliance on imported LNG and mazut.<\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

A pact to supply natural gas and petroleum products to Syria is the latest in a string of agreements that cement Egypt\u2019s position as the premier East Med energy hub<\/p>\n","protected":false},"author":1,"featured_media":682241,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7335],"tags":[93,72,91,12389],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-682240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-the-big-story-today","wpautop","entry"],"acf":{"mongo_id":"51c25944-95ca-4ad4-bb7e-18116083141c","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/155.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt inks energy deal to supply natural gas, petroleum products to Syria as it rebuilds","related_issue":[682236],"teaser":"A pact to supply natural gas and petroleum products to Syria is the latest in a string of agreements that cement Egypt\u2019s position as the premier East Med energy hub"},"yoast_head":"\nOur East Med energy hub play gets another shot in the arm - 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Key takeaways from the second day of the gathering are below, and you can check our wrap-up of day one here. Shell wins big in oil and gas bid rounds, ExxonMobil to\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\/9\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625170,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/noble-delek-east-gas-sign-agreements-paving-the-way-for-gas-exports-to-your-favorite-new-regional-gas-export-hub\/","url_meta":{"origin":682240,"position":1},"title":"Noble, Delek, East Gas sign agreements paving the way for gas exports to your favorite new regional gas export hub","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"We just became the East Med\u2019s premier energy hub: The operators of Israel\u2019s Leviathan and Tamar gas fields, Noble Energy and Delek, along with their Egyptian partner East Gas, have signed agreements to acquire a 39% stake in pipeline operator East Mediterranean Gas (EMG). This paves the way for 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":622554,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/noble-energy-sells-its-entire-stake-in-tamar-petroleum\/","url_meta":{"origin":682240,"position":2},"title":"Noble Energy sells its entire stake in Tamar Petroleum","author":"enterpriseam admin","date":"4 October 2018","format":false,"excerpt":"Noble Energy sells its entire stake in Tamar Petroleum following EMG stake purchase: Houston-based oil and gas company Noble Energy has sold its entire 43.5% stake in Israel\u2019s Tamar Petroleum \u2014 through which Noble and Delek operate the Tamar gas field, Reuters reports, citing Israeli newspaper TheMarker. The sale of\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":627409,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/","url_meta":{"origin":682240,"position":3},"title":"EGPC signs USD 46 mn oil and gas exploration agreement with BP","author":"enterpriseam admin","date":"31 July 2018","format":false,"excerpt":"The Egyptian General Petroleum Corporation (EGPC) signed a USD 46 mn agreement with BP yesterday for oil and gas exploration the in Gulf of Suez, according to a statement picked up by Ahram Gate. The agreement also includes a USD 4 mn to cover the cost of drilling three wells.\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":681006,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/13\/egyptian-regasified-natural-gas-starts-heading-to-lebanon-and-syria\/","url_meta":{"origin":682240,"position":4},"title":"Egyptian-regasified natural gas starts heading to Lebanon and Syria","author":"enterpriseam admin","date":"13 January 2026","format":false,"excerpt":"This plays into Egypt\u2019s efforts to position itself as the premier energy hub in the eastern Mediterranean","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\/2024\/9\/1102.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669232,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/30\/govt-locks-in-lng-supply-through-2026-plans-to-boost-domestic-production-for-export\/","url_meta":{"origin":682240,"position":5},"title":"Gov\u2019t locks-in LNG supply through 2026, plans to boost domestic production for export","author":"enterpriseam admin","date":"30 July 2025","format":false,"excerpt":"Plans to secure a fifth regasification unit are underway to accommodate the incoming shipments","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\/2025\/3\/669.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\/682240","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=682240"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/682240\/revisions"}],"predecessor-version":[{"id":682279,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/682240\/revisions\/682279"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/682236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/682241"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=682240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=682240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=682240"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=682240"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=682240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}