Egyptian Gas Officially Reaches Jordan
Egypt has started exporting around 165 million standard cubic feet per day (mmscf/d) of natural gas to Jordan in order to cover gas supply in electricity generation.
News / Egypt
Egypt Pays $3.1 per mBtu for Burullus 9B Gas
EGPC pays Royal Dutch Shell $3.1 per 1 mBtu to buy its natural gas share produced from phase 9B of Burullus field.
Cabinet Promotes Natural Gas-Powered Vehicles
Prime Minister, Mostafa Madbouly, highlighted directives by President Abdel Fattah El Sisi to boost encouraging citizens to turn their cars into natural gas and electric-powered ones.
Parliament Approves Egypt-Cyprus Gas Pipeline
The agreement aims to facilitate exporting natural gas from Cyprus to Egyptian liquefaction plants, Idku and Damietta.
Fuel Cargoes Imports Exceed $400 M per Month
Benzene, diesel and butane are the most imported fuels due to local consumption.
Egypt’s Natural Gas Output Increases 30.35% YOY
Egypt’s natural gas output increased by 30.35% YOY reaching 4.067 million tons in November 2018, up from 3.12 million tons produced in November 2017.
Petroleum Products Consumption Falls by 11.6% YOY
Egypt’s consumption of petroleum products dropped by around 11.6% YOY in November 2018 to 2.542 million tons, compared to 2.877 million tons in November 2017.
Monday Minutes: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
IMF Executive Board to Discuss Egypt’s Fourth Economic Review
Christine Lagarde, IMF Managing Director, recommends IMF board to approve the fourth review of Egypt's IMF loan facility.
EGAS to Drill 13 Wells with $510 M Investments
EGAS plans to drill 13 wells in Nile Delta and the Mediterranean Sea during FY 2019/20, with total investments exceeding $510 million.
