Friday 11 July 2014
 
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gas

Egypt ups electricity prices, to end gas subsidies

Egypt's electricity prices began to rise this month under a plan to eliminate power subsidies within five years, the electricity minister said, as the government seeks to cut a gaping deficit and reduce its reliance on Gulf states' aid.

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Algeria, Egypt's Sisi talk security, gas shipments

Algeria agreed to ship five cargoes of liquefied natural gas to Egypt before the end of the year, a source at Algerian state energy firm Sonatrach said, helping its north African neighbour with its worst energy crunch in years. Th

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Cyprus seeks Gulf investment in oil-gas sector

Big oppportunities lie ahead for GCC investors as Cyprus gears up to tap significant hydrocarbon resources below the Eastern Mediterranean seabed, a consultant has said. "An estimated 27 trillion cubic feet (tcf) of natural g

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UK oil & gas specialist names Saudi agent

UK-based specialist oil & gas firm AnTech has appointed a new agent for Saudi Arabia and also opened its new office in Al-Khobar. Having secured significant investment from Saudi Aramco Energy Ventures and Calculus Capital las

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Oil, gas industry gears up for Iran re-entry

Oil and gas companies must safeguard against bribery and sanctions risks as they prepare for re-entry into the Iranian energy industry later this month, according to top industry regulators. In January the EU granted 'limited,

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Oil, gas firms face cyber attack threats

Cyber security firm Symantec has warned that a politically motivated group of hacktivists has threatened to launch cyber attacks against oil, gas, and energy companies in the Middle East. Security experts are following closely a r

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Oil, gas firms face cyber attack threats

Cyber security firm Symantec has warned that a politically motivated group of hacktivists has threatened to launch cyber attacks against oil, gas, and energy companies in the Middle East. Security experts are following closely a r

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Egypt gas production to rise by December

Egypt's oil minister has said that natural gas production would increase by 500 million cubic feet daily by December, when several gas fields are due to come on stream. Sherif Ismail was quoted by the website of Egypt's fl

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No discount in Iran's gas price proposal: Turkey

Iran's proposal for the sale of natural gas to Turkey did not include a discount, Turkish Energy Minister Taner Yildiz said on Tuesday, adding that Turkey will await a decision from the international court of arbitration on pricing.

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Only a few of big gas projects 'will be built'

Only a fraction of the natural gas export projects being developed around the globe will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment. Large natural ga

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