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EGAS organises workshop to support natural gas delivery teams for homes

The Egyptian Natural Gas Holding Company (EGAS) organised a workshop to support the teams of the natural gas delivery project for homes, which is funded by the European Union, the French Agency for Development, and the World Bank. The project is being implemented within the framework of the gas delivery programme for homes in different …

Daily News Egypt

Gas consumption records 3.3m tonnes in April: EGAS

Gas consumption in Egypt rose last month to 3.3m tonnes from 2.3m tonnes in March, according to the Egyptian Natural Gas Holding Company (EGAS). An official at EGAS said that the power plant, household, and industrial sectors account for the largest proportion of gas consumption. Egypt’s natural gas production witnessed a remarkable increase last year, …

Daily News Egypt

EGAS aims to increase revenues to EGP 2bn next year

The chairperson and managing director of the Egyptian Natural Gas Holding Company (EGAS), Yasser Salah El-Din, said that the company aims to increase its civil and mechanical works to EGP 250m and increase the company’s total revenues to EGP 2bn in 2018/2019. That is a targeted increase in annual business value estimated at EGP 300m. …

Sara Ibrahim

EGAS plans to offer gas exploration in 9 land, sea areas in Q2 2018

The Egyptian Natural Gas Holding Company (EGAS) intends to put forward bids for nine natural gas land and offshore exploration concession areas in the second quarter (Q2) of this year, according to an official source at the company, who declined to be identified. According to the source, the company obtained security approvals for the bidding …

Ahmed Ismail

EGAS to launch tender for importing LNG

The Egyptian Natural Gas Holding Company (EGAS) plans to launch a tender for importing liquefied natural gas (LNG) shipments in January 2018, according to an official source at the company. The source added that the upcoming tender aims to secure local market needs of natural gas during the second quarter (Q2) of 2018. Meanwhile, EGAS …

Ahmed Ismail

Industrial sector owes EGAS EGP 7bn in debts

The debts of the industrial sector owed to the Egyptian Natural Gas Holding Company (EGAS) amounted to EGP 7bn, according to a source at the company. According to the source, who asked not to be named, the indebtedness of the industrial sector has increased recently as a result of factories tending to pay only a …

Ahmed Ismail

Egypt gas agreements: from production sharing to tax/royalty

All oil exploration and production concession agreements in Egypt have been operating according to Production Sharing Agreements since 1973. This was a shift from the tax/royalty system towards equal sharing agreements concluded between the government, represented by the Egyptian General Petroleum Corporation (EGPC), and foreign companies, with a view to reduce the pressure on the …

Nagy Iskander