Egypt, Australia discuss COVID-19 impact on global gas market

Egypt, Australia discuss COVID-19 impact on global gas market

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, discussed with Australian Ambassador to Cairo, Glenn Miles, the global gas market situation and price levels in light of the challenges imposed by the novel coronavirus (COVID-19) pandemic on energy markets.

The meeting, held via video conference on Tuesday, also discussed the mining sector developments in Egypt and the latest activities by the Eastern Mediterranean Gas Forum (EMGF), according to a ministerial statement.

During the meeting, El-Molla affirmed that several international companies have submitted bids to participate in the global auction of gold recently proposed by Egypt, and that these offers are currently being evaluated.

The minister reviewed the latest activities by the EMGF after the member states signed the forum’s charter, asserting that Egyptian President Abdel Fattah Al-Sisi pays great attention to the forum and its important role in consolidating cooperation between its members.

For his part, Miles stressed Australian companies’ interest in investing in the mining sector in Egypt and participating in the international auctions presented by the country in the field of mineral wealth.

He explained that his country is following the positive developments taking place in the oil and mining sectors in Egypt, which have opened the appetite of international companies to invest in Egypt.

The ambassador praised the signing of the EMGF charter, which is considered a positive model for regional cooperation and has an important role in meeting Europe’s energy needs, appreciating the role Egypt plays in this initiative.

Finally, Miles invited the Egyptian Minister of Petroleum to attend the International Mining Conference in Australia, which will be held this year via video conference, with the participation of more than 250 international mining companies.


Author: Daily News Egypt

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Mid-Week Review – November 18, 2020

Mid-Week Review – November 18, 2020

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Trade showers to increase midweek as surf bumps up on north shores

Trade showers to increase midweek as surf bumps up on north shores

Moderate, easterly trades are expected to continue through the middle of the week, forecasters said, along with showers, which are expected to increase by then, mostly in the mauka and windward areas of the Hawaiian isles.

Some showers may be heavy, and a few thunderstorms may be possible over the next few days, particularly over Kauai and Oahu.

The National Weather Service also warns that “nuisance flooding,” or minor flooding that occurs at high tide, is expected to continue this week, and may result in coastal erosion, saltwater inundation of low-lying roads, docks, boat ramps and other infrastructure.

The water levels will begin to lower Friday through the weekend.

Today’s forecast is mostly sunny, with clouds and showers likely for windward Kauai and Oahu, and highs from 81 to 86 degrees Fahrenheit. Tonight is expected to be partly cloudy, with lows between 69 to 74.

Trades will hover at around 15 mph through tonight before ramping up Wednesday to 10 to 20 mph.

On the surf front, officials said a sharp rise in surf is expected along north facing shores, from 3 to 5 feet this morning to 5 to 7 feet this afternoon due to a new, short-period north swell.

A slightly larger, long-period northwest should fill in on Thursday and peak around Thursday night, near or just below season averages., officials said, with a larger on possible on Sunday.

Surf on west-facing shores at 1 to 3 feet this morning rises to 3 to 5 feet this afternoon through Wednesday.

On south-facing shores, surf lowers from 1 to 3 feet this morning to 0 to 2 feet through Wednesday evening.

Surf on east-facing shores remains steady at 2 to 4 feet today and Wednesday, but may become rough and choppy due to an increase in trades the latter half of this week, and will likely reach advisory thresholds sometime this weekend.

No new records were set last weekend, but webcams indicated there was a light dusting of snow at the summits of Mauna Kea and Mauna Loa on Sunday morning.

Trades are expected to ramp up again heading into the weekend as a high-pressure system builds to the north.


Author: By Nina Wu [email protected]

Cannabis industry events schedule, marijuana conferences and expos

Cannabis industry events schedule, marijuana conferences and expos


Egypt, Australia discuss COVID-19 impact on global gas market

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