News / Egypt
Egypt to Sign Maritime Demarcation Agreements
After the late agreement with Cyprus, Egypt will sign a maritime demarcation agreement with Greece which paves the way for future cooperation between Egypt, Cyprus, Greece and Israel.
US firm to Invest $30m in Egyptian Power Improvement
The US firm, Recovered Energy Company, made an offer to the Egyptian Ministry of Electricity and Renewable Energy that aims to improve effectiveness of production units in 6th of October power plant, with investments estimated at $30m
Egypt’s First Solar Plant to Start Operations
Egypt's Karm Solar will start operations in its first solar power plant by late September, producing 1 MW of energy to be sold to an Egyptian beverage and yogurt company, Juhayna.
Power Plants Consume 3.7bcf/d of Gas
During the last week of August, gas consumption of electricity power plants in Egypt has recently decreased from 4bcf/d to 3.7cf/d, as temperatures started to decline.
Eni Confirmed 30tcf Gas Reserves at Zohr
Italian Eni stated that Zohr field's original gas in place is 30tcf, after completing the drilling of the fifth well offshore Egypt.
Tamar, UFG Negotiating Gas Pipeline
Israeli Tamar Partnership and the Spanish energy company Union Fenosa Gas (UFG) are holding talks on a possible pipeline gas supply deal reviving the 2014 memorandum of understanding that has since been halted over the Israeli domestic disputes regarding energy market regulatory issues.
Israel Seeking New Investors for Offshore Gas Exploration
Israel is seeking new investors to explore for natural gas fields in the offshore areas, as the country’s Energy Minister, Yuval Steinitz, is touring talks in London with energy giants, hoping to interest companies to explore in its 24 blocks, which account for 40% of the nation’s economic waters.
Egypt, Cyprus Sign Natural Gas Agreement
Egypt has signed a deal with Cyprus that paves the way for further negotiations on a construction of a submarine pipeline, through which the Mediterranean island would export natural gas from its offshore fields to the North African nation.
