Back to the complete issue
Wednesday, 25 July 2018

Egypt to resume LNG exports to Jordan on 1 January 2019

One step closer to global gas export hub status: Egypt is expected to resume LNG exports to Jordan via pipeline on 1 January 2019, an unnamed government official tells Hellenic Shipping News. Oil Minister Tarek El Molla had said a few months back that Egypt was planning to resume LNG exports to Jordan — which have been disrupted since 2011 — early on in 2019, without specifying the exact timeline or volume of shipments. EGAS and state energy firm Enppi had also signed a USD 13 mn agreement to build a 17 km steel pipeline for the Jordanian-Egyptian Fajr for Natural Gas Transport and Supply Company that should be complete in 2020. The piece notes that it is “unclear whether Egypt still owed Jordan any compensation for the disruption in flows.”

Go home, Turkey. You’re drunk and jealous and feeling left behind. This comes as Turkish media once again accuses Egypt of being too greedy with its oil and gas exploration in the East Mediterranean, with the latest piece from Turkish daily Yeni Safak saying that Egypt and Israel are both trying to “abort” agreements they had struck with Ankara years ago over maritime jurisdiction in their efforts to secure reserves in the area. Turkey has been resorting to bullying Cyprus over the past year, interfering with exploration operations at the Aphrodite gas field. This prompted Cypriot Energy Minister George Lakkotrypis to vow that the government will do everything necessary to ensure ExxonMobil’s offshore oil and gas search runs smoothly, despite threats from Turkey, Offshore Technology reports.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.