The promises and challenges of Egypt’s Zohr gas field development
Beirut - Egypt is to start production at the massive Zohr gas field before the year is out. The field, which was discovered in August 2015, has estimated reserves of 906 billion cubic metres — the largest in the Mediterranean.
Zohr is likely to have a huge effect on Egypt’s energy sector and that of the region. Major international firms are interested in maximising Zohr’s infrastructure facilities to serve production from nearby stranded fields. BP and Russia’s Rosneft have 10% and 30% shares in Zohr, respectively.
Zohr’s first phase is being developed in record time for a giant deep-water gas project — just 20 months after the final decision to invest. Senior executives from Eni, the Italian company that discovered the field, dismissed the possibility of creeping delays, saying development is nearly 90% complete.
UfM calls for action towards shared Mediterranean Climate Agenda at COP23
The Secretariat of the Union for the Mediterranean (UfM) actively participated in the COP23, in Bonn, where it presented a study on the situation of climate finance in the region. The study reveals that the Southern and Eastern Mediterranean region has, during the last years, received an annual amount of around USD 7 billion in climate financing. The majority of this sum is used for climate mitigation projects.
By 2030, wind power in Spain will supply more than 30% of electricity with an installed capacity of 40 GW
Madrid, 16th of November 2017.
- The Spanish Wind Energy Association (AEE) has developed the analysis "The necessary elements for an energy transition. Proposals for the electricity sector". This document has recently been sent to the Spanish Committee of Experts for Energy Transition. With it, AEE aims at making specific and realistic proposals on the contribution of wind power for 2020, 2030 and 2050. Energy transition brings with it the need for long term planning and many challenges for its achievement.
EBRD considers expanding Egypt offices to Upper Egypt, SCZone
CAIRO – 15 November 2017: The European Bank for Reconstruction and Development’s (EBRD) is studying expanding its offices in Egypt to Upper Egypt and the Suez Canal Economic Zone (SCZone), EBRD’s Managing Director for the southern and eastern Mediterranean (SEMED) region Janet Heckman said.
Speaking to Egypt Today Tuesday, Heckman said that this decision came after the bank had opened its first office outside Cairo, in Alexandria, in September.
“This was the first office of an international financial institution outside the capital,” Heckman added.
EBRD underscores support for southern and eastern Mediterranean economies
The European Bank for Reconstruction and Development (EBRD) underscored its support for economies in the southern and eastern Mediterranean (SEMED) at a regional business forum in Cairo that saw a flurry of new investment across a number of economic sectors.
It was the EBRD’s second SEMED Business Forum since the Bank started investment in the region in 2012. It provided a forum for discussion about the challenges and the opportunities in the EBRD’s Arab economies and saw project signings worth over €300 million.
Financing Climate Protection
The European Investment Bank (EIB) has been an advocate in the field of environmental protection, often dedicating its lending to projects in that field. An active participant at the Conferences of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCC), the EIB will partake in the 23rd round of the conference, held from November 6-17 at the World Conference Center in Bonn, the headquarters of the Climate Change Secretariat.
Noble Energy hires Gate for Leviathan platform work
Noble Energy has hired Gate Energy to help with the commissioning of the Leviathan platform in the Mediterranean Sea.
Under the contract, Gate Energy will be responsible for topside commissioning planning, onshore commissioning execution and offshore commissioning services of the production platform for the Leviathan field development project.
Lost in regulation: the EU and Nord Stream 2
The European Commission has proposed changing the Gas Market Directive to include import pipelines from third countries. This would make EU regulations, such as unbundling and third-party access rules, applicable to Nord Stream 2. According to Severin Fischer, Senior Researcher at the Center for Security Studies (CSS) at ETH Zurich, the Commission’s approach to Gazprom’s pipeline project risks getting lost in legal inconsistencies. Fischer believes a new German government might change its position towards Nord Stream 2.Original Post.
Exclusive - Greece's Energean weighs IPO to fund Israel gas plan: sources
LONDON/ATHENS (Reuters) - Greek energy firm Energean is considering listing on the London stock exchange to raise cash for a $1.5 billion (£1.1 billion) development of gas fields off Israel's coast, sources familiar with the matter told Reuters.
Commission proposal to amend the Gas Directive
1. Why is the Commission amending the Gas Directive of the Third Energy Package?
President Juncker announced in the context of his State of the European Union Speech on 13 September, that following up to the solidarity aspect of the Energy Union, the Commission will propose common rules for gas pipelines entering the European internal gas market.
Lebanese offshore oil and gas licensing round continues despite political crisis
BEIRUT, Nov 10 (Reuters) - Lebanon's Energy Minister on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical discussions, suggesting the process would continue despite the political crisis.
Turkey continues to attract investors in renewable energy
This year, the Ministry of Energy and Natural Resources ("MENR
") and its General Directorate for Renewable Energy implemented a unique procedure for the solar and wind energy resource areas with the Regulation for Renewable Energy Resource Areas ("RERA
juwi commissions 19.7 MW of unlicensed solar projects in Turkey
An 18.6 MW unlicensed solar PV portfolio, located in the cities of Konya and Nevsehir, and another 1.1 MW project located in the city of Burdur have been brought online by the German juwi group.
The 18.6 MW project consists of 18 separate plants, all of which fall under the regulation for unlicensed solar in the country.
Towards sustainable and integrated European energy networks: final report by Commission Expert Group on 2030 electricity interconnection targets
Today (November 9 2017), the European Commission's Expert Group on electricity interconnection targets presented its report to Commissioner Miguel Arias Cañete.
Set up in March 2016, the Expert Group's aim is to provide technical advice to the Commission on the extension of the current 10% electricity interconnection target (defined as import capacity over installed generation capacity in an EU country) to 15% by 2030, while taking into account the costs aspects and the potential of commercial exchanges in the relevant regions.
Albania made Steps Toward renewable energy
Securing Europe's gas supply: new Regulation comes into force
A new Regulation aimed at improving the security of gas supply in the EU has been published (October 28, 2017) and will enter into force on 1 November. The new rules go further than the previous Regulation of 2010 by requiring EU countries to work together in regional groups to assess the potential for disruption to their gas supplies and agree on joint actions to prevent or mitigate the consequences.
Egypt Inaugurates Mediterranean Union Investment Forum of Renewable Energy
Cairo – Mediterranean union investment forum of renewable energy began in Egypt on Wednesday aiming to launch several opportunities in the field of renewable energy in the Euro-Mediterranean region, enhance cooperation on energy and climate actions, and create a more active involvement of the private sector in the regional-European-Mediterranean collaboration.
EBRD finances solar power plant in Egypt
The EBRD is continuing to roll out its US$ 500 million framework for renewable energy in Egypt by providing a US$ 28.5 million (€24 million equivalent) loan for the construction of a 50 MW solar plant in Egypt’s Aswan province. It will be built by Alfanar Energy, a Saudi-based construction and electric manufacturing company.
No Changes In The Spanish Electricity Market; Chronic Overcapacity Will Remain
Spain’s energy minister, Alvaro Nadal,
has explained current week in a meeting with companies from the sector that he is betting on a mix of competitive electricity generation which takes advantage of all kinds of technology.
The government’s goal over the coming years is “to provide security of supply, reach a level of price efficiency for the consumer and meet environmental commitments
.” All of that, with the best generation mix, taking into account the advantages and inconveniences of each type of supply, without abandoning any technology, including nuclear and coal.
With regard to nuclear technology, he said this could not be got rid of while the level of interconnection is still low,
something which in his opinion is progressing very slowly.
Portugal has multiple projects for solar farms
The number of projects to build solar farms in Portugal has considerably increased over the last months, despite the fact that the local government has not provided any sort of specific regulatory framework for their development
In late May, the Portuguese Renewable Energy Association (Apren) asked the government to organize a large-scale wind power tender, similar to the ones recently held by the Spanish government, to assign a significant share of the overall generation to renewable sources (solar and wind).
However, the Portuguese government has so far not revealed its plans with regards to launching a renewables tender
like the one requested by Apren, and which the European Commission has recommended to all member states.
International Beirut Energy Forum: EU committed to sustainable energy in Lebanon and the region
The European Union has taken part in the International Beirut Energy Forum 2017 for Sustainable Development (IBEF), organised by the Lebanese Centre for Energy Conservation (LCEC) from 18 to 20 September.
The European Union's participation in IBEF demonstrates its continuous support to renewable energy and energy efficiency in Lebanon and the Mediterranean region. Through many initiatives, the EU plays a pivotal role in this sector. The EU is the largest contributor of climate finance to developing countries, providing more than half of global development assistance.
Sharing gas to ensure it for all
An EU country facing urgent or unexpected gas shortages can trigger cross-border assistance from its neighbours, under new cooperation rules approved last Tuesday by Parliament. The rules establish four risk groups of Member States, which will take part in “risk associated cooperation” and undertake joint risk assessments and joint preventive and emergency measures, the EU press service reported.
“The new Regulation will strengthen regional cooperation in emergency planning and crisis prevention, and make gas contracts more transparent. Our citizens must never be left without gas flowing to their homes,” rapporteur Jerzy Buzek (EPP, PL) said. “Member States are committing to help each other if gas supplies to citizens are disrupted,” he added.
Morocco's clean power revolution
Country has become a green leader among developing nations with a goal to produce more than half its own energy by 2030
On a recent morning in the mountains above this thriving port city, the wind turbines are quiet and still. Occasionally a slight breeze catches a propeller, spinning it ever so slowly and filtering the harsh sun in a dance of rays on the brown earth. It is not a good day for wind, but it is a good day for Essedik Chellouch, who is patrolling the Dhar Saadane wind farm with his dog, Weeza.
Chellouch, who lives in a nearby village, was on a work crew that helped build the Dhar Saadane project. When it opened in 2009, bringing 126 turbines online to produce electricity, Chellouch was hired as a security guard. With his minimum wage earnings, about $230 a month, he was able to buy a house.
EGAS Energy Efficiency project
The European Bank for Reconstruction and Development (EBRD) intends to provide a sovereign loan up to USD 200 Mln to the Arab Republic of Egypt to be on-lent to Egyptian Natural Gas Holding Company (EGAS) and its subsidiary Egyptian Natural Gas Holding Company (GASCO), the state-owned operators of the natural gas transmission networks in Egypt. The proposed project consists of energy efficiency investments in the Egyptian gas pipeline infrastructure fully consistent with the Green Economy Transition Approach (GET), thereby contributing to the enhanced sustainability of the gas transmission market and to the expansion of the ongoing policy dialogue effort in energy efficiency in the oil and gas sector.
#Africa Moroccan Minister of Energy, Mines, and Sustainable Development to welcome African energy leaders to Casablanca this November
Two energy forums focusing on gas and renewable energy in Casablanca this November have secured the endorsement of the Honourable Minister Aziz Rabbah, Minister of Energy, Mines, Sustainable Development in Morocco.
The Africa Renewable Energy Forum (ARF) and the preceding Gas Options: North & West Africa meeting will take place from 29th November – 1st December 2017 at the Hyatt Regency Hotel, Casablanca.