Egypt’s Government Overseeing Gas Deal with Israel
The agreement between private companies to import natural gas from Israel will be subject to the Egyptian regulations governing natural gas imports.
News / Egypt
Siemens Completes 20 Electricity Generating Units
Siemens is preparing to complete implementing the eighth electricity generating unit in Beni Suef plant and add it to the national grid within days.
Egypt to Pay $250 M Arrears to IOCs in March
The Egyptian government plans to repay $250 million in arrears to international oil companies (IOCs) in March 2018.
Petroleum Ministry Rejects Gas Price Reduction for Factories
Governmental sources reportedly rejected decreasing natural gas price for factories following natural gas self-sufficiency as the output will be used to cover local demands.
Four Sectors Consume 40% of Egypt’s Natural Gas Output
The industrial sector is the top consumer as it depends heavily on natural gas to operate most of projects.
EGAS to Import 3 LNG Cargoes
EGAS arranged importing three liquefied natural gas (LNG) shipments from France's Engie, to be delivered during the second quarter of 2018.
EGAS Offers Flexible Payment Terms on Natural Gas Supply Contracts
The Egyptian Natural Gas Holding Company (EGAS) approved amending certain terms in the contract between the company and manufacturers, regarding supplying natural gas to factories.
Diesel Consumption Exceeds 1.2 M Tons per Month
Egypt's consumption of diesel exceeded 1.2 million ton per month, across all the consuming sectors.
Petroleum Ministry Settles Disagreements between Firms
The Ministry of Petroleum and Mineral Resources is trying to approximate points of views between EGPC, EGAS and holding companies, and Taqa Gas Group.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators on one page, for your convenience.
