Latest news with #HostGovernmentAgreement
Ya Biladi
22-04-2025
- Business
- Ya Biladi
Morocco to extend gas network to Dakhla and connect to Atlantic African Gas Pipeline
The Minister of Energy Transition and Sustainable Development, Leila Benali, announced on Monday at the House of Representatives that her department is working on launching a call for expressions of interest regarding the national gas network, with the goal of extending it to the city of Dakhla to connect to the Atlantic African Gas Pipeline (Nigeria-Morocco). In response to an oral question about the latest developments of the Nigeria-Morocco Gas Pipeline, the minister specified that work is underway on the first phase, which includes the Senegal-Mauritania-Morocco axis. She added that the project has made significant progress, with the completion of feasibility and engineering studies, as well as ongoing field studies and environmental and social impact assessments. In this context, the minister indicated that her department had held a series of meetings, culminating in the ministerial meeting of the member countries of the Economic Community of West African States (ECOWAS), Morocco, and Mauritania at the end of 2024. This meeting resulted in the adoption of the Intergovernmental Agreement (IGA) and the Host Government Agreement (HGA). The Nigeria-Morocco Gas Pipeline, now called the Atlantic African Gas Pipeline, is a strategic project aimed at boosting economic and industrial development. It also serves as a lever to accelerate access to the electricity network and create job opportunities. This project will position the kingdom as the only energy corridor connecting Europe, Africa, and the Atlantic basin, Benali emphasized. The minister recalled that this project is part of the royal vision, which reflects Morocco's strong desire to enhance the access of Sahel countries to the Atlantic Ocean and promote economic integration. This gas pipeline, which stretches over more than 6,800 kilometers and has a transport capacity of 30 billion cubic meters of natural gas per year, continued Benali, will require a total investment estimated at 25 billion dollars and will prepare the region for the green hydrogen economy.
Al-Ahram Weekly
17-02-2025
- Business
- Al-Ahram Weekly
Egypt, Cyprus, Italy's Eni sign agreement to export gas to Europe via Egypt
Egypt, Cyprus, and Italian energy giant Eni signed a Host Government Agreement (HGA) in Cairo on Monday to develop and export gas from Cyprus' Cronos field to European markets via Egypt's infrastructure. According to Eni's official website, President Abdel-Fattah El-Sisi and his Cypriot counterpart Nikos Christodoulides chaired the signing ceremony held during the opening of the Egypt Energy Show (EGYPES 2025). This agreement marks a significant milestone in creating a gas hub in the Eastern Mediterranean, leveraging Egypt's existing hydrocarbon infrastructure while positioning Cyprus as a gas producer and exporter, Eni further noted. Additionally, it sets out a structured plan for the rapid development of the Cronos gas discovery off the coast of Cyprus. The gas will be sent to Egypt for processing at the existing Zohr field facilities before being liquefied at the Damietta LNG plant for export to European markets. Discovered in 2022 and later appraised in 2024, the Cronos gas field in Block 6 of Cyprus' Exclusive Economic Zone (EEZ) holds over three trillion cubic feet of gas. Eni, active in Cyprus since 2013, operates Block 6 with a 50 percent stake, along with Block 8, and holds interests in Blocks 7 and 11. The agreement was signed by Karim Badawi, minister of petroleum and mineral resources; George Papanastasiou, Cypriot minister of energy, commerce and industry; and Eni's CEO Claudio Descalzi. Meanwhile, Eni's CEO Descalzi stated that the agreement facilitates the swift commercialization of Cyprus' gas, enhancing energy security and supply competitiveness. He emphasized that the project takes advantage of Egypt's existing infrastructure, including its export facilities, which are crucial for regional energy developments. Descalzi also highlighted that Egypt and Cyprus are reaffirming their positions in the growing Eastern Mediterranean energy hub, which is expected to play a more prominent role in the global gas market in the future. Earlier on Monday, President El-Sisi inaugurated the eighth edition of EGYPES 2025 conference and exhibition, running from 17 to 19 February in Cairo. El-Sisi met with his Cypriot counterpart to discuss ways to enhance cooperation in natural gas production, liquefaction, and transportation, which would benefit both countries and support the European market. The Egyptian president also met with Eni's CEO, who reaffirmed Eni's commitment to its strategic partnership with Egypt. The CEO recognized the country's key role as a regional energy hub with significant potential for gas exploration and liquefied gas production. Short link:
Yahoo
17-02-2025
- Business
- Yahoo
TotalEnergies and ENI Sign an Agreement With Cyprus and Egypt for the Export of Cyprus Block 6 Gas Through Egypt
PARIS & CAIRO, February 17, 2025--(BUSINESS WIRE)--In the presence of President of Egypt Abdel Fattah El-Sisi and President of Cyprus Níkos Christodoulídis, TotalEnergies and ENI, partners in Cyprus offshore Block 6 (TotalEnergies 50%, ENI 50% operator), have signed today a Host Government Agreement (HGA) with the Arab Republic of Egypt and the Republic of Cyprus related to the development of Block 6 gas resources. Signed during the Egypt Energy Show (EGYPES) with the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Badawi, and the Minister of Energy, Commerce and Industry of the Republic of Cyprus, George Papanastasiou, this agreement is a key milestone towards the development of the Cronos gas field. Located in Cyprus Block 6, Cronos field was discovered in 2022 and successfully appraised in February 2024. The agreement provides a framework allowing the Cronos gas to be processed in the existing Zohr facilities offshore Egypt and then liquefied in the Damietta LNG plant in Egypt, for export to European markets. Following the signature of this agreement, the Block 6 partners will now proceed with the Cronos Development and Production Plan, in close collaboration with Cyprus authorities. "TotalEnergies is very pleased to be part of the opening of an export route through Egypt for Cyprus gas. This Host Government Agreement represents a major step in valorizing the Cyprus gas through available LNG capacities in Egypt, contributing to Europe energy security by bringing additional LNG volumes," said Julien Pouget, Senior Vice President Middle East & North Africa, Exploration & Production at TotalEnergies. In Cyprus, TotalEnergies also has interests in Block 11 (50%, operator), Block 7 (50%, operator), and Block 8 (40%). About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). View source version on Contacts TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@ Sign in to access your portfolio
