Good to know these facts in view of this gas pipeline blast:
Exports
Egyptian began exporting natural gas in the mid-2000s with the completion of the Arab Gas Pipeline (AGP) in 2004 and the startup of the first three LNG trains at Damietta in 2005. In 2009, Egypt exported close to 650 billion cubic feet (Bcf) of natural gas, around 70 percent of which was exported in the form of LNG and the remaining 30 percent via pipelines.
Pipeline Exports
Egyptian pipeline exports travel through the Arab Gas Pipeline (AGP) that provides gas to Lebanon, Jordan and Syria with further additions being planned. The Arish-Ashkelon pipeline addition, which branches away from the AGP in the Sinai Peninsula and connects to Ashkelon, Israel began operations in 2008. Domestic pressure over contracts, pricing for exports to Israel, and technical problems caused a few interruptions but exports resumed in 2009.
Liquefied Natural Gas (LNG)
Egypt has three LNG trains: Segas LNG Train 1 in Damietta and Egypt LNG trains 1 and 2 in Idku. The combined LNG export capacity is close to 600 Bcf per year with plans to expand in the near future pending export policy changes and legislation. In 2009, LNG exports were approximately 450 Bcf. The largest recipient of Egyptian LNG for 2009 was the United States, which imported around 160 Bcf, representing 35 percent of Egyptian LNG exports for the year and also 35 percent of U.S. LNG imports. Other major destinations for Egyptian LNG include Spain (32 percent) and France (13 percent) with smaller volumes travelling to Canada, Mexico, Asia and other European countries. At the time of writing, neither LNG nor pipeline exports out of Egypt had been affected by the ongoing instability. http://www.eia.doe.gov/cabs/Egypt/NaturalGas.html
Well, it is not an oil pipeline, but a gas pipeline. Anyway market will sense the risk:
Egypt-Israel gas pipeline attacked
Unknown attackers blow up North Sinai pipeline that supplies gas to Israel. Last Modified: 05 Feb 2011 07:36 GMT
Egypt map - Arish - gas pipeline blown up
Unknown attackers have blown up a pipeline that runs through Egypt's North Sinai and supplies gas to Israel, Egypt's state television reported.
It was not immediately clear what impact Saturday's blast had on gas flows.
"Saboteurs took advantage of the security situation and blew up the gas pipeline," a state television correspondent reported, saying there was a big explosion.
He also blamed the blast on"terrorists".
Residents in the area also reported a huge explosion and said flames were raging in an area near the pipeline in the El-Arish area of north Sinai.
And now it will be a textbook squeeze if they again push the euro above 3750. These algos and the guys behind them always want to fool as many people as possible.
This is the same as saying: If Dubai defaults, its bonds will explode.
Catnip, enough is enough. I see no point in discussing with you further, cause you seem to be living in a imaginary world. Good luck to you and your forecasts.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (12 months ago)
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Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(12 months ago)
Gold and USDJPY
Weaker than expected CPI is expected to help gold and drag on USDJPY until this evening's Fed decision/press conference..
View Hot-Chart..
Exports
Egyptian began exporting natural gas in the mid-2000s with the completion of the Arab Gas Pipeline (AGP) in 2004 and the startup of the first three LNG trains at Damietta in 2005. In 2009, Egypt exported close to 650 billion cubic feet (Bcf) of natural gas, around 70 percent of which was exported in the form of LNG and the remaining 30 percent via pipelines.
Pipeline Exports
Egyptian pipeline exports travel through the Arab Gas Pipeline (AGP) that provides gas to Lebanon, Jordan and Syria with further additions being planned. The Arish-Ashkelon pipeline addition, which branches away from the AGP in the Sinai Peninsula and connects to Ashkelon, Israel began operations in 2008. Domestic pressure over contracts, pricing for exports to Israel, and technical problems caused a few interruptions but exports resumed in 2009.
Liquefied Natural Gas (LNG)
Egypt has three LNG trains: Segas LNG Train 1 in Damietta and Egypt LNG trains 1 and 2 in Idku. The combined LNG export capacity is close to 600 Bcf per year with plans to expand in the near future pending export policy changes and legislation. In 2009, LNG exports were approximately 450 Bcf. The largest recipient of Egyptian LNG for 2009 was the United States, which imported around 160 Bcf, representing 35 percent of Egyptian LNG exports for the year and also 35 percent of U.S. LNG imports. Other major destinations for Egyptian LNG include Spain (32 percent) and France (13 percent) with smaller volumes travelling to Canada, Mexico, Asia and other European countries. At the time of writing, neither LNG nor pipeline exports out of Egypt had been affected by the ongoing instability.
http://www.eia.doe.gov/cabs/Egypt/NaturalGas.html
Egypt-Israel gas pipeline attacked
Unknown attackers blow up North Sinai pipeline that supplies gas to Israel.
Last Modified: 05 Feb 2011 07:36 GMT
Egypt map - Arish - gas pipeline blown up
Unknown attackers have blown up a pipeline that runs through Egypt's North Sinai and supplies gas to Israel, Egypt's state television reported.
It was not immediately clear what impact Saturday's blast had on gas flows.
"Saboteurs took advantage of the security situation and blew up the gas pipeline," a state television correspondent reported, saying there was a big explosion.
He also blamed the blast on"terrorists".
Residents in the area also reported a huge explosion and said flames were raging in an area near the pipeline in the El-Arish area of north Sinai.
Egyptian state TV reports a 'terrorist attack' on oil pipeline in north Sinai area - NBC News
If this is confirmed, then oil is off to the races.
Is Egypt A Preview of 2015 America?
http://inflation.us/egyptpreviewamerica.html
These algos and the guys behind them always want to fool as many people as possible.
This is the same as saying:
If Dubai defaults, its bonds will explode.
Catnip, enough is enough. I see no point in discussing with you further, cause you seem to be living in a imaginary world. Good luck to you and your forecasts.