AfricaContracts and TendersEurope

Greece, Egypt to expand LNG cooperation

By LNG Prime Staff
Greece, Egypt to expand LNG cooperation
For illustration only (Image: DESFA)

Greece and Egypt are looking to expand their cooperation in the supply of liquefied natural gas (LNG) as part of a deal revealed on Thursday.

The two countries signed a memorandum of understanding on strategic cooperation in the field of natural gas in Cairo, according to a statement by the Greek energy ministry.

Besides LNG supply, the partners plan to work in the field of exploration and production of natural gas, as well as look into the possibility of constructing a subsea gas pipeline between the two countries, the statement said.

Greece imports LNG via DESFA’s import terminal located on the island of Revithoussa.

LNG deliveries to Greece dropped in the January-September period due to lower volumes from the US and Qatar but volumes from Egypt rose 10 percent during the period.

Egypt’s Damietta facility located on the Mediterranean coast, about 60 km northwest of Port Said started exporting LNG again in February this year following a deal between Egypt’s EGPC and EGAS, Eni, and Naturgy.

It stopped operations in 2012 due to declining domestic production, but new finds such as Eni’s giant Zohr field in the East Mediterranean allowed the partners to restart the plant and ship the first cargo in February.

Besides the Damietta LNG facility, Egypt also has the Shell-operated Egyptian LNG facilities, located at Idku.

Most Popular

Corporate

Daniel Kalms leaves Woodside

Woodside's executive vice president and chief operating officer international, Daniel Kalms, is leaving the Australian LNG player.
Contracts and Tenders

Lithuania’s Ignitis to sign long-term LNG supply deal with EQT

Lithuanian state-controlled energy company Ignitis will sign a long-term LNG supply and purchase agreement with a unit of US natural gas producer EQT following the completion of a tender.
Vessels

Exmar’s FSU heads to Colombia

Exmar's newly converted 146,000-cbm floating storage unit, Tura, is en route to Colombia to begin operations as part of Regasificadora Del Pacífico's LNG import project on Colombia's west coast.

More News Like This

Contracts and Tenders

North Macedonia, Serbia eye LNG supplies via Greece

North Macedonia and Serbia have signed a memorandum of understanding to join the so-called Vertical Gas Corridor, enabling the two countries to receive liquefied natural gas supplies via Greek LNG terminals.
LNG Terminals

Greece boosts Q1 LNG imports

LNG deliveries to DESFA's Revithoussa LNG terminal and Gastrade's Alexandroupolis FSRU-based facility in Greece rose in the first quarter of this year, with the US supplying the majority of the volumes.
Contracts and Tenders

Metlen, Shell ink LNG pact

Greece's Metlen Energy & Metals has signed a memorandum of understanding with UK-based LNG giant Shell to deliver liquefied natural gas to Greek LNG import facilities in Revithoussa and Alexandroupolis.
LNG Terminals

Greece’s DESFA says almost all Revithoussa LNG slots booked until 2040

Greece’s DESFA said firms have reserved almost all of the offered regasification slots at its LNG import terminal on the island of Revithoussa for the period 2026-2040.