Egypt, Dana Gas report new well success in onshore Nile Delta    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    UK pay settlements stagnant amid inflation surge    Egyptian pound opens flat on July 23    Egypt's current account gap narrows, but overall BoP records deficit    Egypt hosts international neurosurgery conference to drive medical innovation    World Bank proposes Egypt join new global health initiative    Egypt, India discuss expanding industrial, investment partnerships    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Talks terminate on creation of gas pipeline between Iraq, Jordan, and Egypt: Petroleum ministry
Published in Daily News Egypt on 05 - 08 - 2014

Talks between the Egyptian Ministry of Petroleum, Iraq and Jordan to construct a gas line servicing the countries have ended as a result of violence, instability and insecurity, said a senior official in gas holding company EGAS.
The goal was for the Iraqi gas line to supply Jordan with its fuel needs and provide for a portion of Egypt's needs as well, or to transform gas to its liquid form in one of the factories operating in Egypt, which would then be exported.
A study focusing on the construction of a pipeline to transport gas from Iraq to Jordan and then Egypt was supposed to be completed at the end of this year, as Iraq hopes to increase oil production through the year 2018. This would create a surplus that could potentially be exported, but current events have prevented this from happening, the official said.
He pointed out that during March, Iraq signed a memorandum of understanding with Jordan to execute the pipeline project to transport crude and gas from Iraq to the Gulf of Aqaba. This would allow crude oil to be exported via Jordan under secure and stable conditions.
Two agreements were also signed with the Jordanian and Iraqi petroleum ministries to transport natural gas via the Arab Gas Pipeline and link a liquefied natural gas import project with gas pipelines among the Jordanian Ministry of Energy and Mineral Resources as well as Jordan's FAJR.
The official also mentioned that no private sector companies have offered to import the necessary supplies of natural gas to EGAS, and that a group of factories will be allowed to import the gas, but not separately.
The official added that the private sector may turn to imports to provide for their natural gas needs without any intervention from EGAS, and that all the company will do is receive the gas on the national grid and deliver it to importers.
He stressed that the importer will enter into agreements with suppliers and pay the agreed upon amount without any financial support from the government, and that the private sector must construct the necessary infrastructure to receive the liquefied natural gas.
He pointed out that Egyptian gas production is currently incapable of meeting new factories' needs through 2018. "Whoever wants to import may import, and whoever wants to wait until production rates to increase over the coming years may do so," and there is no alternative, the official said.


Clic here to read the story from its source.