The national company Belayim Petroleum Company (Petrobel) is planning to produce 500 million cubic feet per day (mcf/d) of natural gas from its south west Balteem project by mid-2019, according to the company’s head Atef Hasan.
Oil minister Tarek El Molla asserted the importance of the sector’s modernization program in transforming Egypt into an energy hub.
The Ministry of Petroleum and the Egyptian Exchange have begun negotiations regarding the creation of a natural gas exchange market.
Egypt reached an agreement with Cyprus on a pipeline connecting the Aphrodite gas field in block 12 to Egypt.
Egypt has exported around 250 tons of domestic gas to Gaza, one month after Israel closed the only commercial crossing to the strip.
Shell will start production from its two offshore wells at West Nile Delta field 9B in the first half of October 2018.
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
The Egyptian company Dolphinus Holdings will start importing Israeli natural gas for re-export in the first quarter of 2019.
Egypt's Gas Regulatory Authority (GRA) has set a tariff of $0.38 per million British thermal units (mmBtu) for companies looking to transfer natural gas through the national grid.
Egyptian electricity production increased by around 5.6% year-on-year (YOY) as the country generated 15 megawatts per hour (MWh) in April 2018, compared to 14.2 MWh in April 2017.
