Rachel Williamson

Middle East contributor
BP infrastructure in Egypt following the October 2015 licensing round.

BP bats away doubts over long-term focus on Egypt

Some experts are unconvinced that BP is committed to Egypt over the long term, despite its push to develop the offshore Atoll field.

6 April 2016
Eni’s Bouri oil terminal, offshore Libya. The company plans to sell $7.9 billion of assets by 2019. (PA)

Eni’s Zohr sale causes concern for Cairo

The possibility Eni may sell down its stake in the Zohr field is making Egypt nervous, but the conditions of sale mean any buyer would be committed to the terms already agreed with Cairo.

24 March 2016
The Egyptian government still owes more than $3 billion to companies such as BG Group. (BG Group)

Egypt’s forex controls damaging small gas companies

Limited access to dollars is hurting Egypt’s small energy companies, despite some moves by the government to address the problem.

16 March 2016
The Höegh Gallant FSRU, which is moored at Ain Sokhna. Egypt is yet to charter a third regas vessel. (Höegh)

Egypt has yet to reveal its LNG strategy

Egypt’s plans for a third FSRU are facing delays because the country is struggling to pay for its LNG supplies.

1 March 2016
Israeli Prime Minister Benjamin Netanyahu on Sunday. (PA)

Leviathan players unconcerned by latest setback

A crucial clause in Israel’s gas market framework has caused political deadlock, but companies in the sector are unfazed by the stalemate.

19 February 2016
Former Lebanese Energy Minister Gebran Bassil has been involved in a political row over gas production. (PA)

Political power plays hold up Lebanese gas

A host of concerns about possible corruption and political interference are proving major stumbling blocks to setting up Lebanon’s gas sector.

15 February 2016
From left to right: Israeli leader Netanyahu, Cyprus’s Anastasiades and Greece’s Tsipras. (Cyprus press office)

Is Turkey now Egypt’s rival for East Med gas?

Turkey may be favoured over Egypt when it comes to finding a home for East Mediterranean gas, despite an agreement last week between Greece, Cyprus and Israel to look into building a pipeline to Europe.

4 February 2016
ELNG in Idku. Egypt hopes its existing facilities can be used by other producers in the region. (BG Group)

Egypt looks to UK as hub model

With domestic gas reprioritised, Egypt is looking for ways its existing facilities can be utilised in cooperation with other players in the Mediterranean.

28 January 2016
Location of the Daniel fields offshore Israel.

New gas estimates leave Israelis hoping

Discoveries at Israel’s Daniel licences are potentially sizeable, but their commercial viability will depend heavily on whether Leviathan’s tentacles reach Israeli shores.

21 January 2016
BG is the majority shareholder in Egyptian LNG, the operator of the Idku plant. (BG Group)

Egypt pays off juniors but major debts still loom

Egypt is continuing to reduce its energy debts, with juniors in the country now paid up, but this may have knock-on effects on payments to majors.

5 January 2016
Netanyahu at a weekly Cabinet meeting in November. The Israeli PM has bypassed the Antitrust Authority. (PA)

Israeli gas deal heralds new dawn for upstream players

Israel has finally signed its gas framework into law after a year of delays, to the relief of upstream developers Delek Group and Noble Energy.

18 December 2015
The Höegh Gallant FSRU, which is moored at Ain Sokhna. Egypt is to charter a third regas vessel. (Höegh)

Egypt begins Ain Sokhna LNG expansion

Egypt is building an energy hub on the Red Sea to satisfy the country’s huge demand for gas and solve its supply security problems.

17 December 2015
East Mediterranean pipeline connections.

Israel could use ICC arbitration ruling as leverage

Egypt could be forced to import Israeli gas if Israel makes use of an international court order for Cairo to pay its neighbour nearly $2 billion.

9 December 2015
The Cypriot government is looking at the possibility of exporting Aphrodite gas via Egypt.

BG’s Aphrodite benefits worth more than cash

Although it appears BG paid under the odds for Noble’s Aphrodite stake, the larger company’s experience and financial clout will prove invaluable.

3 December 2015
A cement plant in Egypt. Industry in the country has suffered from gas shortages. (Suez Cement)

Iraqi oil deal boosts Egypt’s energy hub ambitions

Importing oil and gas from Iraq will increase Egypt’s chances of becoming a regional player in the hydrocarbons sector, despite Cairo’s high energy bill.

23 November 2015
Noble Energy and Transocean rig in the Tamar field, between Cyprus and Israel. (Transocean)

Israel to open up offshore for exploration

Israel’s energy ministry has been given the go ahead to open up its offshore territory to explorers once its new gas regulatory framework comes into effect.

20 November 2015
Israeli Energy Minister Yuval Steinitz is working to encourage companies to invest in the country. (PA)

Overcoming Israel’s gas licence blockage

The Zohr gas find has the potential to spur exploration in the East Mediterranean, but Israel may struggle, with many of its licences tied up by smaller companies.

16 November 2015
Investigators search the wreckage of the Metrojet airliner crash in Egypt. (PA)

Terror threat looms large over Egypt’s gas sector

The prospect of greater security risks in Egypt has not yet shaken the nerve of IOCs operating there, even though the oil and gas industry is a major target.

12 November 2015
Egyptian President Abdel Fattah el-Sisi approved six exploration contracts worth $2.2 billion this week. (PA)

Foreign players race to sign gas agreements in Egypt

Gas explorers and producers in Egypt are rushing to sign deals before the inauguration of the country’s first parliament in more than two years in December.

5 November 2015
A gas terminal in Sicily. Israel, Cyprus and Egypt are interested in establishing a gas gateway to Europe. (Eni)

Eni in talks with East Med players on regional hub

Eni is looking at developing a regional gas hub in the East Mediterranean and is in discussions with key players about the use of Egypt’s LNG plants.

29 October 2015

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