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News - EastMed Energies - Page 3
Algeria Intends to Supply 10% of Europe’s hydrogen
The Germany’s economics and climate ministry said that Algeria intends to extend an already existing gas pipeline corridor via Tunisia and Italy to southern Germany to supply 10% of Europe needs of green hydrogen produced from renewable power. He said that at the opening of a German-Algerian energy partnership meeting in Algiers attended by Algerian […]
Italy Delays Approval of Decrees to Enhance Energy Security
Italy has delayed approving a decree that aims to promote its energy security, two government officials asking not to be named said according to Reuters. The two officials signaled internal disagreements within the coalition. Italian Energy Minister Gilberto Pichetto Fratin had earlier said the cabinet was set to discuss the planned legislation at its meeting on […]
DESFA LNG Auction Succeeds
DESFA liquefied natural gas (LNG) cargo slots auctions for 2024 have proven successful, according to a report from Energy Press. Just five of a total of 45 slots were available as 40 slots had already been reserved by bidders during a previous round, the report added. In 2023, DESFA is staging LNG slot reservation auctions that […]
Chevron Halts Gas Exports via EMG Pipeline from Israel to Egypt
US Chevron has halted natural gas exports through the East Mediterranean Gas (EMG) pipeline between Israel and Egypt. Instead, the company is now supplying gas via an alternative pipeline through Jordan. The decision to halt exports via the East Mediterranean Gas (EMG) pipeline came as fighting has intensified between Israel and Hamas resistance movement in […]
BP, ADNOC’s $2bln Bid for NewMed Energy Remains on Track
BP and Abu Dhabi National Oil Co (ADNOC) announced that their bid to acquire a 50% stake in Israeli gas producer NewMed Energy for $2 billion is still on track. Under the non-binding offer, made last March, BP and ADNOC would buy 45% of NewMed’s free floating shares and an additional 5% owned by Israeli […]
El Molla Holds High-Level Talks with ExxonMobil Over Company’s Latest Inve ...
At ADIPEC 2023, Minister of Petroleum and Mineral Resources Tarek El Molla held talks with Vice President-Head of Global Exploration at ExxonMobil John Ardill to discuss the company’s latest investments in its Mediterranean fields at offshore North Maraqia in addition to the Cairo and Masry regions assigned to the company recently. They also discussed the needed efforts […]
Petroleum Minister, SLB Explore Potential Cooperation in Emissions Reduction
Minister of Petroleum and Mineral Resources Tarek El Molla has met with SLB’s CEO Olivier Le Peuch to discuss the fruitful and continuous cooperation between the two sides, especially in the field of energy transition and emissions reduction. The meeting was held on the sidelines of ADIPEC 2023, hosted in the UAE. The two parties discussed the […]
El Molla Reviews Energy Cooperation Progress with Wintershall Dea
Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with the COO of Wintershall Dea, Dawn Summers; Senior Vice President, Managing Director Egypt of Wintershall Dea, Sameh Sabry; and Undersecretary of the Ministry for Exploration and Agreements, Samir Raslan, to review the latest developments of the company’s investments in Egypt. This came on the sidelines of ADIPEC […]
Descalzi Expresses Delight for Eni’s Big Win in Recent Egyptian Bid Round
During his participation in ADIPEC 2023, Claudio Descalzi, the CEO of Eni, expressed his happiness about Eni’s winning of three important concession areas in the Egyptian bid round that was offered for oil and gas exploration and production operations in the Mediterranean. He added that Eni’s strategy is aiming to invest in areas close to its assets […]
El Molla: Petroleum Sector Attracts Investments of $61.3B Over 9 Years
Minister of Petroleum and Mineral Resources Tarek El Molla lauded the extraordinary accomplishments of Egypt’s petroleum sector with investments amounting to $61.3 billion from July 2014 until July 2023, according to a report from El Ahram Newspaper. El Molla also touched on the most prominent projects that were achieved during that period, including the discovery of […]
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