LNG tanker diverts from Egypt terminal as gas flows from Israel ebb

LNG tanker diverts from Egypt terminal as gas flows from Israel ebb
A tanker seeking to fill up liquefied natural gas in Egypt left empty and diverted to another port, after an Israeli pipeline supplying gas was halted due to Israel-Hamas conflict. (Reuters/File)
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Updated 19 October 2023
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LNG tanker diverts from Egypt terminal as gas flows from Israel ebb

LNG tanker diverts from Egypt terminal as gas flows from Israel ebb
  • The Seapeak Catalunya tanker has changed course from Egypt’s Idku LNG plant and is now heading to the Algeria’s Arzew LNG facility
  • Chevron has shut down the Israeli Tamar gas field amid the military conflict in the country

OSLO: A tanker seeking to fill up liquefied natural gas (LNG) at a terminal in Egypt left empty and diverted to another port, after an Israeli pipeline supplying gas was halted due to Israel-Hamas conflict, analysts said on Thursday.
The Seapeak Catalunya tanker has changed course from Egypt’s Idku LNG plant and is now heading to the Algeria’s Arzew LNG facility instead, LSEG analyst Olumide Ajayi said citing shipping data.
Chevron has shut down the Israeli Tamar gas field amid the military conflict in the country and suspended exports through the subsea EMG pipeline, which runs from Ashkelon in southern Israel to Egypt.
Egypt relies on Israeli gas imports to meet some of its domestic demand and therefore the pipeline cuts mean there is less gas available for LNG exports, Ajayi said.
This year to-date, 50 percent of Egyptian exports have been sold into the European Union and Britain, based on LSEG ship-tracking data, he added.
However, the country has not exported any LNG since July amid high domestic demand this summer and was only set to resume exports in October.
Egypt imports about 7 billion cubic feet per year of natural gas from the Israeli Tamar and Leviathan gas fields, according to data from consultancy Rystad Energy.
Egypt exported 3.7 million tons of LNG between Oct. 2022 and Jan. 2023, hitting a high of just below 1 million tons in Dec. 2022, the firm said in a note.
The ongoing conflict is likely to have a limited impact on prompt European gas prices given current mild weather, full storages and the potential for more US LNG imports, Aditya Saraswat, head of Middle East upstream research at Rystad Energy said.
“However, there remains a risk of escalation into a broader conflict that could cause a short-term increase in energy prices,” Saraswat said.
The front-month Dutch TTF hub contract, the European benchmark, was trading 3.4 percent lower on Thursday at 47.80 euros per megawatt hour, but still some 25 percent higher than before the Israel-Hamas conflict.


Israeli strikes target Lebanon’s Baalbek for first time since Gaza war

Israeli strikes target Lebanon’s Baalbek for first time since Gaza war
Updated 26 February 2024
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Israeli strikes target Lebanon’s Baalbek for first time since Gaza war

Israeli strikes target Lebanon’s Baalbek for first time since Gaza war
  • The strikes are among the deepest into Lebanon since the Israel-Hamas war began more than four months ago
  • Israel’s air force carried out three airstrikes on the outskirts of the village of Buday, near Baalbek, targeting a convoy of trucks

BEIRUT: The Israeli military said Monday its air force was striking targets of the militant Hebollah group “deep inside Lebanon,” where residents reported explosions near the northeastern city of Baalbek.
The strikes are among the deepest into Lebanon since the Israel-Hamas war began more than four months ago. They come a day after Israel’s Defense Minister Yoav Gallant vowed to step up attacks on Lebanon’s Hezbollah even if a cease-fire is reached with Hamas in the Gaza Strip.
Lebanese security officials said Israel’s air force carried out three airstrikes on the outskirts of the village of Buday, near Baalbek, targeting a convoy of trucks. Buday is a Hezbollah stronghold. There was no immediate word on casualties.
A Hezbollah official confirmed that three strikes hit near Baalbek. The officials spoke on condition of anonymity because he was not authorized to talk to reporters.
The Israeli army said further details will follow.
The airstrikes near Baalbek came hours after Hezbollah said its fighters on Monday shot down an Israeli drone over its stronghold in a province in southern Lebanon. Anotehr missile fired by Hezbollah toward the drone was intercepted by Israel, and landed near a synagogue in a town close to Nazareth in northern Israel. There were no injuries or damage.
Hezbollah has been exchanging fire with Israeli troops along the border since the Israel-Hamas broke on Oct. 7.
The strike on Baalbek, because of its location deep inside Lebanon, is the most significant one since the early January airstrike on Beirut that killed top Hamas official Saleh Arouri.
Hezbollah, which has been exchanging fire with Israel throughout the war in Gaza, has said it will halt its nearly daily attacks on Israel if a cease-fire is reached in Gaza.


Palestinian Prime Minister Shtayyeh resigns

Palestinian Prime Minister Shtayyeh resigns
Updated 26 February 2024
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Palestinian Prime Minister Shtayyeh resigns

Palestinian Prime Minister Shtayyeh resigns
  • Move comes amid growing US pressure on President Mahmoud Abbas to shake up Palestinian Authority
  • Shtayyeh says he is resigning to allow broader consensus among Palestinians following Israel’s war on Gaza

RAMALLAH: Palestinian Prime Minister Mohammad Shtayyeh said on Monday he was resigning to allow for the formation of a broad consensus among Palestinians about political arrangements following Israel’s war against the Islamist group Hamas in Gaza.
The move comes amid growing US pressure on President Mahmoud Abbas to shake up the Palestinian Authority as international efforts have intensified to stop the fighting in Gaza and begin work on a political structure to govern the enclave after the war.
His resignation must still be accepted by Abbas, who may ask him to stay on as caretaker until a permanent replacement is appointed.
In a statement to cabinet, Shtayyeh, an academic economist who took office in 2019, said the next stage would need to take account of the emerging reality in Gaza, which has been laid waste by nearly five months of heavy fighting.
He said the next stage would “require new governmental and political arrangements that take into account the emerging reality in the Gaza Strip, the national unity talks, and the urgent need for an inter-Palestinian consensus.”
In addition, it would require “the extension of the Authority’s authority over the entire land, Palestine.”
The Palestinian Authority, formed 30 years ago under the interim Oslo peace accords, exercises limited governance over parts of the occupied West Bank but lost power in Gaza following a struggle with Hamas in 2007.
Fatah, the faction that controls the PA, and Hamas have made efforts to reach an agreement over a unity government and are due to meet in Moscow on Wednesday. A senior Hamas official said the move had to be followed by a broader agreement on governance for the Palestinians.
“The resignation of Shtayyeh’s government only makes sense if it comes within the context of national consensus on arrangements for the next phase,” senior Hamas official Sami Abu Zuhri told Reuters.


UAE floating hospital begins operations at Al-Arish to treat Palestinian patients

UAE floating hospital begins operations at Al-Arish to treat Palestinian patients
Updated 26 February 2024
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UAE floating hospital begins operations at Al-Arish to treat Palestinian patients

UAE floating hospital begins operations at Al-Arish to treat Palestinian patients

AL-ARISH: A floating hospital provided by the UAE, anchored in Egypt’s Port city of Al-Arish, commenced operations on Sunday to provide treatment for injured Palestinians.

The initiative is a part of the UAE’s “Gallant Knight 3” humanitarian operation.

The 100-bed hospital has operating rooms, an intensive care unit, radiology section, laboratory and pharmacy, state news agency WAM reported.

A 20-year-old Palestinian man was the first to undergo surgery at the hospital. He was treated for a gunshot wound to the shoulder and injuries caused by shrapnel.

Doctors repositioned his shoulder, and he will require a follow-up operation to repair nerve damage.

The floating hospital was established in cooperation with the Department of Health - Abu Dhabi and AD Ports Group. It is being staffed by 100 medical workers who are skilled in anesthesia, general surgery, orthopedics, and emergency medicine.

Dr. Falah Al-Mahmoud, director of the hospital, said the facility would help alleviate the suffering of Palestinians.

Dr. Falah Al-Mahmoud, director of the hospital, said the facility would help alleviate the suffering of Palestinians. (WAM)

 


Palestinian Prime Minister Shtayyeh resigns

Palestinian Prime Minister Shtayyeh resigns
Updated 26 February 2024
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Palestinian Prime Minister Shtayyeh resigns

Palestinian Prime Minister Shtayyeh resigns
  • Palestinian PM says ‘new political measures’ needed amid Gaza war
  • The move comes amid growing US pressure on President Mahmoud Abbas to shake up the Palestinian Authority

RAMALLAH: Palestinian Prime Minister Mohammad Shtayyeh said on Monday he was resigning to allow for the formation of a broad consensus among Palestinians about political arrangements following Israel’s war against the Islamist group Hamas in Gaza.
The move comes amid growing US pressure on President Mahmoud Abbas to shake up the Palestinian Authority as international efforts have intensified to stop the fighting in Gaza and begin work on a political structure to govern the enclave after the war.
His resignation must still be accepted by Abbas, who may ask him to stay on as caretaker until a permanent replacement is appointed.
In a statement to cabinet, Shtayyeh, an academic economist who took office in 2019, said the next stage would need to take account of the emerging reality in Gaza, which has been laid waste by nearly five months of heavy fighting.
He said the next stage would “require new governmental and political arrangements that take into account the emerging reality in the Gaza Strip, the national unity talks, and the urgent need for an inter-Palestinian consensus.”
In addition, it would require “the extension of the Authority’s authority over the entire land, Palestine.”
The Palestinian Authority, formed 30 years ago under the interim Oslo peace accords, exercises limited governance over parts of the occupied West Bank but lost power in Gaza following a struggle with Hamas in 2007.
Fatah, the faction that controls the PA, and Hamas have made efforts to reach an agreement over a unity government and are due to meet in Moscow on Wednesday. A senior Hamas official said the move had to be followed by a broader agreement on governance for the Palestinians.
“The resignation of Shtayyeh’s government only makes sense if it comes within the context of national consensus on arrangements for the next phase,” senior Hamas official Sami Abu Zuhri told Reuters.


Yemen’s Houthis announce first civilian death in US-UK strikes

Yemen’s Houthis announce first civilian death in US-UK strikes
Updated 26 February 2024
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Yemen’s Houthis announce first civilian death in US-UK strikes

Yemen’s Houthis announce first civilian death in US-UK strikes
  • One person was killed and eight wounded a day after US and British forces said they fired on 18 targets
SANAA: Yemen’s Iran-backed Houthi militia have reported the first civilian death in US and British air strikes after the latest round of joint raids over the weekend.
One person was killed and eight wounded, the Houthis’ official news agency said late on Sunday, a day after US and British forces said they fired on 18 targets across the country.
The US-British strikes were in response to dozens of Houthi drone and missile attacks on Red Sea shipping since November, which the rebels say are in solidarity with Palestinians in the Gaza war.
“The American-British aggression on the district of Maqbana in the governorate of Taiz has left one civilian dead and eight wounded,” the Houthis’ Saba agency said, citing a statement from the rebel-run health ministry.
The Houthis, who control war-torn Yemen’s most populated areas, have previously reported the death of 17 of their fighters in the Western strikes targeting military facilities.
The Houthi attacks have had a significant effect on traffic through the busy Red Sea route, forcing some companies into a two-week detour around southern Africa. Last week, Egypt said Suez Canal revenues were down by up to 50 percent this year.
Washington, Israel’s vital ally, gathered an international coalition in December to protect Red Sea traffic. It has launched several rounds of strikes as well as four joint raids with Britain, which began last month.
The Houthis initially said they were targeting Israel-linked shipping in the Red Sea and adjoining Gulf of Aden, but then declared that US and British interests were also “legitimate” targets.