Dana Gas PJSC, the Middle East’s leading natural gas company, has achieved a net profit of US$14mn, 27 per cent higher on year-on-year (Y-O-Y) basis, said the company in its Q1 2018 financial results
Gas
Total signs MoU with Oman to develop natural gas resources
French oil major Total said it has signed a Memorandum of Understanding (MoU) with Oman to develop natural gas resources in Oman
Global natural gas consumption rose by 3.3 per cent in 2017, says CEDIGAZ
Global natural gas consumption rose by 3.3 per cent to reach a new peak of 3640 bcm in 2017, said CEDIGAZ, the International Association for Natural Gas, in its “First Estimates 2017”
Eni continues Zohr ramp-up, starting the third production unit
Eni has announced the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 bcf per day, in less than a month after beginning the second production unit (T-1) of the Zohr project, offshore Egypt
Cyprus-Egypt natural gas pipeline set to cost between US$800mn to US$1bn
The planned gas pipeline from Cyprus’ Aphrodite gas field to Egypt’s liquefied natural gas (LNG) facilities is expected to cost between US$800mn and US$1bn, according to Tarek El Molla, Egyptian petroleum minister