Page 10 - AfrOil Week 42 2022

AfrOil PERFORMANCE AfrOil

NLNG accounted for half of the LNG delivered to Portugal in 2021 (Image: NLNG)
The NLNG consortium brought its first pro- rise to 30mn tpy as a result of the Train 7 project,
duction train on stream in 1999 and now has six which envisions the construction of a seventh
production trains capable of turning out a total production train that can turn out 4.2mn tpy,
of 22.5 mn tpy. as well as the debottlenecking of existing trains,
The complex’s installed capacity is now set to which will add another 3.4mn tpy of capacity. ™

POLICY
Egypt seeks to position itself as reliable

natural gas supply partner for Europe

EGYPT EGYPT is positioning itself as a reliable partner
for Europe to invest in the further development
of its domestic natural gas industry. The coun-
try’s Petroleum Minister Tarek El-Molla report-
edly said that natural gas reserves in the eastern
Mediterranean can help maintain energy secu-
rity in Europe.
Speaking at the Eastern Mediterranean Gas
Forum (EMGF), El-Molla urged multilateral
European financial institutions such as the
European Investment Bank (EIB) and Euro-
pean Bank for Reconstruction and Develop-
ment (EBRD) to come forward with loans on
concessional terms to help speed up exploitation
of Egypt’s gas resources and maximise the utili-
sation of gas reserves. This is on the basis that
Egypt is the only country in the region that has
the built infrastructure to export gas from pipe- El-Molla backs plans to work with the region’s other gas producers (Photo: BP)
lines to LNG plants.
Such financing packages, he reportedly said, interest in pursuing the development of an off-
could run alongside important efforts to build shore gas field located off the coast of Gaza with
a green corridor between the East Mediterra- the Palestinian Authority this week. El-Molla
nean and Europe focused on either hydrogen or was in talks with Palestinian Prime Minister
renewable electricity. Muhammed Shtayyeh and Israeli authorities
with the aim of reaching an agreement that
Gaza development options would allow development of a field known as
In related news, Egypt has actively expressed Gaza Marine.

P10 www. NEWSBASE .com Week 42 20•October•2022