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Political instability in Egypt and other Arab countries had negative effect on non-oil manufacturing activities
Around 36 concession agreements in which 153 wells to be drilled have been ratified
EGAS pumps 60% of factories’ fuel needs after Sawiris donates EGP 2.5bn to Long Life Egypt fund
Extension of Borollos fields project delayed until early 2016, claims official
The French energy group will add 100m cubic feet of production by 2018
The two exploration blocks was awarded to BP as a result of the 2013 EGAS bid round
Talks occur on security, energy and tourism ahead of 8 November meeting in Cairo
Companies refusing to comply with ministry’s domestic fertiliser quotas
Bomb explosion hits Ramses Street, Sinai-Jordan gas pipeline exploded
Natural gas production increasing from 400m to 450m cubic feet per day says Rashid Petroleum
Solar energy is a supplemental source as it requires subsidies and storage to meet peak hours
Petroleum ministry supplies fuel to electricity worth approximately $72m per day
The Egyptian Natural Gas Holding company (EGAS) has stopped pumping gas to the Idku liquefaction plant operated by British Gas and GDF Suez, as a result of the increased use of gas by power stations, according to a senior official at EGAS. He added that since last year, the quantity of gas pumped from EGAS …
Deficit in fuel for electricity and gas equivalents now stands at 4m cubic metres daily at the expense of factories
Ministry of electricity seeks to address the electricity crisis by diversifying production sources to include solar and wind energy
Daily reduction of 725m cubic feet of gas at factories; gas supply to EBIC, Alexandria Fertilizers, and Egyptian Fertilizers stopped
With its significant reserves of liquefied natural gas (LNG), Egypt has been a key exporter for regional consumers over the past decade but with growing domestic consumption and a number of fiscal constraints, the country has been looking to secure additional supplies by expanding LNG capacity. In May the Egyptian government signed a letter …
Electricity deficit increases to approximately 6,180MW, no solution in sight
EGAS seeks to encourage foreign partners to produce gas from Egyptian fields, company official said.
The goal was for the Iraqi gas line to supply Jordan with its fuel needs and provide for a portion of Egypt’s needs as well, or to transform gas to its liquid form in one of the factories operating in Egypt, which would then be exported.
The official noted that the contracted amounts of gas exports to Jordan are 255m cubic metres of gas daily.
Debts owed to Egyptian gas holding company EGAS for quantities of gas obtained by the industrial sector reached EGP 16bn by the end of July, according to a senior company official. Factories were notified in February that gas supplies will be cut in the event of non-payment of debts, but no significant measures have been …
Military spokesman says he has no knowledge regarding the incident
Fuel station deficit worth 6m cubic metres of gas and equivalent daily
Recent fuel price rise may provide incentive for investments in exploration in Egypt
Dues owed to foreign oil companies reached a total of $6.3bn this July, compared to $6bn at the end of April, according to Tareq Al-Mula, president of the Egypt General Petroleum Corporation (EGPC). The government will pay at least $1.5bn of these receivables to these foreign companies by the end of the year 2014, according …
Delays in payments have hindered development, exploration and production in oil fields
Subsidy reform was inevitable. That’s what President Abdel Fattah Al-Sisi and his supporters said this week when fuel prices were raised and taxes on some consumer goods were hiked. And they aren’t wrong. The “social contract” between the government and its people has clearly become unsustainable as deficits increased, especially over the past three years. …
The government’s decision to cut natural gas subsidies to factories followed shortly after the reduction of petroleum subsidies on Saturday.
Egyptian government struggles to contain discontent of BG Group, which had to stop supplying Egyptian gas for export because of fuel shortage