Latest in Tag: Gas Highlight
Latest in Tag: Gas
Israel blocks fuel, gas transferring into Gaza despite ceasefire
Crossing is only one between Gaza, Israel for goods transport, along with Egypt’s Rafah
Egypt is keen on boosting cooperation gas-producing neighbours, including Israel
Gas will be peacemaker in region, says petroleum minister
Gas production in first four months of this year amounted to 24.6m tonnes
Osama El Bakly, chairperson of the Egyptian Natural Gas Holding Company (EGAS), said that production of gas in the first four months of 2018 reached about 24.6m tonnes. El Bakly told Daily News Egypt that the volume of natural gas consumption reached 24.9m tonnes, whereby the household, electricity, and industry sector account for most of …
President’s second mandate: Challenges and opportunities
Economic reform policies top issues, political reform hoped for
Parliament approves oil, gas exploration agreement in North Sinai maritime zones
The Egyptian Parliament’s energy committee approved an agreement for oil and gas exploration in the North Sinai maritime concession area (NOOR) in the Mediterranean Sea. The deal is between the Italian company Eni and the Egyptian Natural Gas Holding Company (EGAS). MP ElSayed Hegazy, a member of parliament’s energy committee, told Daily News Egypt that …
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. …
Reforms, gas, oil laws attract investments to Egypt: Shell executive vice president
Sami Iskander, Shell executive vice president, said that investment in the oil sector has faced many challenges, notably the decline in prices in 2014 and 2015, but there are indicators of improvement that increase investment opportunities in Egypt, especially after reforms in the sector along with laws on gas and investment that attracted large companies …
Israeli gas imports suspension lawsuit: Another stumbling block to Egypt’s energy hub aspirations
Cairo Administrative Court referred on Tuesday a lawsuit demanding the suspension of the approval of natural gas imports from Israel, for violating the Egyptian Constitution and Law No 196 of 2017 regulating the gas market to the State Council Commissioner Authority (SCCA). The lawsuit alleges that allowing natural gas imports from the “Zionist entity” endangers …
Yorktown to sell Egypt-based oil, gas company Merlon International
The New York-based private equity firm Yorktown Partners is reportedly planning to sell its Egypt-focused oil and gas company Merlon International, Reuters reported on Saturday. According to the reports, the firm aims to raise up to $400m, and the sale will be run by Citigroup, with expected bids planned to be concluded by July. Merlon …
Egyptian oil, gas companies integral part of Egyptian-Jordanian joint cooperation
Jordanian Egyptian Fajr will establish north Jordan gas pipeline to supply Jordanian power stations in 2020
Op-ed review: Trump’s Jerusalem policy, gas deal with Israel
Writers continue to debate political opposition in light of upcoming presidential election
Egypt ‘scored goal’ in becoming regional energy hub: Al-Sisi
Egyptian consumption of gas, diesel, gasoline at $1.3bn per month, says president
No reduction in prices of gas supplied to factories: Petroleum Ministry
Objectors to prices can resort to importing, say sources
Eastern Mediterranean gas hub: source for regional harmony or dissension
The Eastern Mediterranean region has become a hotspot of international energy discussions in the last decade, following a series of large-scale gas discoveries off the coasts of Egypt, Cyprus, and Israel. To utilise such potential, with confirmed reserves of about 2,000bn cubic metres (bcm) of gas, plenty of export and regional cooperation scenarios are being …
Egypt gas sector experiencing renaissance: report
Rising gas production to boost GDP by more than 2.5% over coming years
Petroleum Ministry aims to increase gas production by 19.53%
The Ministry of Petroleum is aiming to increase the average production of Egypt’s natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal year 2016/2017, according to data from the ministry. Data reveals that the ministry …
Investment Ministry cooperates with EBRD to develop Egypt’s gas infrastructure
EBRD’s investments in Egyptian energy projects reached €2.7bn
EGYPS 2018, North Africa’s largest oil, gas industry platform to begin February
EGYPS 2018, North Africa’s largest oil & gas industry platform is scheduled to kickstart in February, in its second annual edition, under the patronage of President Abdel Fattah Al-Sisi. The platform aims to bring together the region’s key stakeholders shaping the energy industry’s future. “With abundant resources, some of the most competitive production costs worldwide, …
Egypt’s mega Zohr field production start record-breaking success: BP, Eni
Egypt’s natural gas production to reach 5.4 bcf/day, says El Molla
First gas import license to be granted in 2018
An official source at the Ministry of Petroleum and Mineral Resources said that the executive regulation of the gas market regulation law is expected to be completed within the next month. According to the source, the members of the Natural Gas Market Regulatory Authority will be announced next month, while next month will also see …
Egypt to stop importing gas by end-2018: EGAS
According to Vice President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal, the company aims to stop importing liquefied natural gas from abroad by the end of next year. According to Galal, the Ministry of Petroleum owns the bulk structure that qualifies Egypt to become a regional energy hub. It owns the Sumed …
Egypt, Cyprus reach preliminary agreement to construct gas import pipelines
Construction phase to last 2 years, import begins in 3 years
850bn cubic metre gas reserves in Zohr field
Zohr, a natural gas field, is the largest discovered field in Egypt and the Mediterranean Sea, with gas reserves estimated at 850bn cubic meters, according to Eni Company. The Zohr gas field is an offshore natural gas field located in the Egyptian sector of the Mediterranean Sea. The field is located in the Shorouk concession, …
Vallourec, BAPETCO agree to supply tubular solutions to Egyptian gas wells
The agreement stipulates supplying tubular solutions to up to 70 gas wells of an onshore project in the Western Desert of Egypt
Cost of LNG imports during current fiscal year amount to $1.8bn: Minister of Petroleum
Egypt’s current gas production at 5.2bn cf per day, imports to stop at end 2018
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Egypt’s oil and gas sector on a roll after years of turmoil: report
The hefty international contracts should pave the way to explorations in the oil-rich Western Desert
Petroleum Ministry to re-draft contracting forms by end of 2018
The petroleum committee met foreign partners to discuss their suggestions for amendments
New gas projects to double Egypt’s production in 2020: Petroleum Minister
New refining projects over the coming 4 years will bridge the gap of oil, investments amount to $8.3bn
Naftogaz reportedly failed to sell its Egyptian assets
The Ukrainian company couldn’t find an investment bank to advise on finding potential buyers
Zohr field investments amount to $16bn
Minister of Petroleum and Mineral Resources Tarek El Molla said that the development of the Zohr field in the Shorouk concession area in the Mediterranean is proceeding well according to the plan. The project’s plan aims to produce about one billion cubic feet of gas per day in the first stage by the end of …