Page 16 - DMEA Week 42 2021

DMEA NEWS IN BRIEF DMEA

on and from the effective date, the name of the first six months of this [calendar] year and Planned to be commissioned within
BORL shall be struck off from the records of supplied them to global markets after meeting 24 months, the new onshore pipeline will
the concerned Registrar of Companies (RoC). domestic needs,” Jalal Mirhashemi production connect the natural gas grids of the two
HINDU control manager of the NPC said. countries through the north of the Sinai
He added, “Production of petrochemical peninsula, reported Reuters citing industry
products based on the plans made in the first sources close to the discussions.
FUELS 6 months of this year has seen growth, with an Currently, approvals are being sought from
eight percent increase over the same period local authorities for the pipeline route. The
ADNOC offers 6 LNG cargoes last year.” project will be owned by Israel Natural Gas
Lines.
The official added that due to the spread
for April-Sept of coronavirus in the country, the supply of boosting LNG export from Egypt to Europe
The project is also expected to help in
raw materials for grades of petrochemicals
Abu Dhabi National Oil Co (ADNOC) has required by the country’s health sector, and Asia.
offered six liquefied natural gas (LNG) cargoes including grades used to build mask have Israel is currently supplying five billion
for loading at its Das Island plant next year, been produced by the local company. cubic metres per year of natural gas to Egypt
three industry sources said. He added the local producers of from its Tamar and Leviathan offshore gas
The cargoes are for loading between April petrochemical products have seen a boost in fields, via a subsea pipeline as part of a 15-year
and September, one of the sources said. demand locally for their products. supply contract between the countries.
The tender closes on Friday, a second BNE Israel and Egypt are planning to construct
source said. a second subsea pipeline, which will supply
REUTERS LNG plants of Idku and Damietta in Egypt.
PIPELINES The fuel would be further re-exported to
Europe and Asia.
Israel plans new pipeline to export capacity to eight billion cubic metres
PETROCHEMICALS By 2028, Israel is expected to boost its
Iran petchem output boost gas exports to Egypt per year following the expansion of the
Leviathan field and improvement of existing
increases 8% in first half Israel is reportedly looking to construct a infrastructure.
new natural gas pipeline to Egypt, with an
The Leviathan field partners include
Iran’s petrochemical output increased 8% in estimated investment of $200m, in the wake of Chevron and Delek Drilling, a part of Delek
the first half of the current Persian calendar surging demand for supplies globally. Group.
year (March 21 to September 22), according to The proposed project is expected to boost Delek Drilling CEO Yossi Abu was
the National Petrochemical Company (NPC) Israel’s natural gas exports capacity by three reported by Reuters as saying: “There is
on October 19. to five billion cubic metres per year to Egypt, no doubt Egypt has all the qualities and
Iran has focused its efforts on pushing reported Reuters citing the Israeli energy conditions to become global hub which will
ahead with petrochemicals as a value added ministry. concentrate additional volumes of gas from
product in recent years as sanctions on Israel Energy Ministry said in a statement Israel, Cyprus and surrounding regions and be
traditional exports of oil and gas have proved to the news agency: “Israel and Egypt are a focal point of gas trade both regionally and
difficult due to US sanctions. Significant holding talks on possible cooperation in the globally.”
investment has been placed towards the south supply of natural gas. OFFSHORE TECH
of the country with the creation of the Persian “One of the options being studied,
Gulf Star refinery complex. following a request by Egypt for further
“Petrochemical complexes produced natural gas supplies, is an onshore gas
32.8mn tonnes of various petrochemicals in pipeline.”

P16 www. NEWSBASE .com Week 42 21•October•2021