Author: Rigs & Barge World
The Saudi Electricity Company (SEC) delivered a record 114.6TWh in electricity to consumers last quarter, its Q3 results show. Electricity consumption has been on a steep upwards trajectory in recent years, and has accelerated further this year (see chart 1) amid strong economic growth and the growing electrification of the economy. Total consumption of 275TWh over the first nine months of the year was up 7% year-on-year. Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information from high-level officials Assess future risks and opportunities Source…
Egypt signed an agreement to export 3,000 megawatt (MW) of electricity to Europe via the Greek network, a step that aligns with the country’s plan to become a regional energy hub, noted a statement by the Ministry of Petroleum and Mineral Resources. The trilateral agreement was signed by the Egyptian Electricity Transmission Company (EETC), Greece’s Independent Power Transmission Operator (IPTO), and ELICA SA, a subsidiary of the Copelouzos Group. It mandates the start of final studies for the implementation of the Egypt–Greece grid connection project. The interconnection is part of a broader strategy to link Egypt’s national grid with the…
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Almud Weitz, Regional Practice Director, Infrastructure, Middle East and North Africa at The World Bank Group, to discuss enhancing cooperation in various petroleum and mining projects. The Minister affirmed that the ministry is working to enhance both sectors’ attractiveness to investors, given the World Bank’s growing interest in supporting and financing strategic energy and mining projects in Egypt and the region. He highlighted Egypt’s interest in collaborating with the bank on key areas, especially setting incentives to attract emerging mining companies to invest in Egypt. This initiative builds on the…
Oman’s state offtaker Nama Power and Water Procurement (Nama PWP) announced on 12 November the signing of a 20-year power purchase agreement for the 125MW Dhofar II wind project. It signed the deal with state firm OQ Alternative Energy (OQAE) and Singapore’s Sembcorp. Partners in the project will build, own and operate the wind farm with commercial operation set for 3Q 2027. Nama CEO Ahmed al-Abri says “The project will free up around 76 million cubic metres of natural gas annually, reflecting Nama Power and Water Procurement’s commitment to supporting the Sultanate of Oman’s energy diversification pillar and target and…
Qatar and Pakistan have agreed an arrangement to divert 24 LNG cargoes from Qatar that were originally set to be delivered to Pakistan in 2026, according to Pakistani media. Under a so-called ‘net proceeds differential formula’ Qatar will sell the cargoes on the open market, and Pakistan will pay the difference if they sell for below the contracted price. Qatar dominates (99%) Pakistan’s 5.82mn tons of LNG imports so far this year. It has two active contracts both ending in 2031 with the Pakistan State Oil Company: a 3.75mn t/y deal starting in 2016 and a 3mn t/y deal starting…
Israel’s 22.3tcf Leviathan gas field saw gas flows “reduced temporarily” on 11 November, operator US major Chevron announced. The reduction comes amid “scheduled maintenance work” that is connected to the field’s planned expansion from 1.2bn cfd to 1.45bn cfd. It was not immediately clear how long the reduction in flows would last. (CONTINUED – 265 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information from high-level officials Assess future risks and opportunities Source link
Egypt is set to double its Gulf-sponsored multi-billion-dollar Mediterranean Sea resorts. Qatar has pledged $29.7bn towards “transforming Alam El Roum into a coastal tourist and investment destination,” according to a 6 November Egyptian Cabinet statement. The UAE last year pledged to invest $35bn in developing the Ras el-Hekma resort. Qatar Investment Authority’s (QIA) subsidiary Diar will pay $3.5bn for the land, which is located 285km west of Alexandria near Marsa Matruh, and invest a further $26.2bn to construct and develop the project, the statement says. Construction is scheduled for next year with the first phase set to be completed within…
Egypt Gas generated a net profit of EGP 225.2 million for the nine months ending September 30, 2025, representing a 25 % increase in its level during the same period in 2024, according to the company’s release to the Egyptian Stock Exchange. The company’s total assets stood at EGP 18.18 billion, while its investment revenues came at EGP 986 million. Since its inception in 1983, Egypt Gas has played a pivotal role in distributing natural gas across the country. Beyond household distribution, the company has also supplied natural gas to several industries, including aluminum, steel, sugar, paper, and brick manufacturing. It launched…
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Jagat Prakash Nadda, India’s Minister of Health, Chemicals, and Fertilizers; Suresh K. Reddy, India’s Ambassador to Egypt; and a delegation of Indian company representatives to discuss cooperation and joint investments in the petrochemicals and mining industries. The meeting took place during the Indian delegation’s visit to Egypt to participate in the third edition of the World Conference on Population, Health, and Human Development. Badawi reviewed the progress of the partnership between Egypt and India, particularly following the launch of the first round of the Egypt–India Strategic Dialogue in October. He…
UAE Dana Gas has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC) for the redevelopment and expansion of several natural gas fields across central Syria, including Abu Rabah gas field, one of the largest gas discoveries in Syria. “This agreement marks an important first step in evaluating opportunities to redevelop Syria’s gas infrastructure and unlock the potential that exists within its gas sector. The fields identified under this MoU could make a real difference to domestic gas production, strengthening Syria’s energy security and supporting local communities,” said Richard Hall, CEO of Dana Gas The MoU stipulates…