Egypt to Increase Natural Gas Production by 1.4 bcf/d
The Egyptian Natural Gas Holding Company (EGAS) plans to increase natural gas production by around 27%, or 1.4 billion cubic feet per day (bcf/d), to reach 6.5 bcf/d by June 2018.
News / Egypt
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
El Molla Invited to Attend Global Petroleum Show
The Canadian ambassador invited the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, to attend the Global Petroleum Show in Canada next year
Egypt Consumes 6 bcf/d of Natural Gas
Egypt is currently consuming around 6 billion cubic feet per day (bcf/d) of natural gas.
Rosneft Weighing Additional 5% Stake in Zohr
Rosneft is considering the purchase of an additional 5% stake in the Zohr gas field.
Egypt Launches Tender for 12 LNG Cargoes
The Egyptian Natural Gas Holding Company (EGAS) launched a tender to buy 12 shipments of liquefied natural gas (LNG) to be delivered during the first quarter of 2018.
Shell Lubricants Hosts Conference
Shell Lubricants Egypt hosted a two-day conference to discuss the challenges facing the construction sector.
Egypt Spends $2.4B on LNG in FY 2016/2017
The Ministry of Petroleum and Mineral Resources spent between $2.2 billion and $2.4 billion on liquefied natural gas (LNG) imports during fiscal year (FY) 2016/2017.
Egyptian Firms Participate in KOGS 2017
A number of Egyptian firms participated in the Kuwait Oil & Gas Show and Conference (KOGS 2017).
Egypt Looks to Renew Financing Deal
Egypt will likely renew its deal with a global banking consortium for another year to strengthen its foreign reserves and to permit the government to implement economic reforms.
