News / Egypt
EGAS to Import 120 LNG Cargoes in 2017
The Egyptian Natural Gas Holding company (EGAS) has stated that Egypt will aim to import between 110 and 120 cargoes of LNG in 2017.
Union Fenosa Gas Challenges Reports on Damietta Arbitration Case
Union Fenosa Gas (UFG) has challenged reports that Egypt’s state gas company EGAS has been exempted from paying the demanded $270m to owners of the Damietta liquefaction plant in relation to an arbitration case.
Egypt Puts Off 200 MW Solar PV Plant Project
A tender for a 200MW BOO (build-own-operate) solar PV plant project in Egypt has had its deadline extended by six months until December 21st.
EFG Hermes Closes $618m European Wind Farm Deal
Egypt’s leading investment bank, EFG Hermes, has announced that its renewable energy platform, Vortex, has acquired a 49% stakes in an operational 664 MW portfolio of 23 wind farms in Europe, from the Madrid-based, EDP Renovaveis for $618.26m.
Egypt Ships its Second LNG Cargo Heading to Japan
Egypt, the country which was a net LNG exporter from 2005 until 2014 and then turned into one of the world’s newest major LNG importers due to its economic instability, is now back at exporting the fuel again.
Egypt, Kuwait Debate Joint Investment Strategies
Minister of Petroleum and Mineral Resources Tarek El Molla welcomed a delegation from Kuwait Petroleum Corporation (KPC) headed by Nabil Bourisly, the Managing Director of International Marketing, with whom he discussed joint investments strategies.
Oil Minister Visits Petrochemical Companies
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, affirmed that the oil sector is moving forward with comprehensive developments in the petrochemical industry, whether through new projects or the development of existing ones.
Shell’s Gas Production in Egypt Increases
Royal Dutch Shell’s natural gas production from Egypt’s Burullus and Rosetta concessions has increased to 686 mcf/d from 640 mcf/d in late 2015.
