News / Egypt
Egypt’s Power Plants’ Gas Consumption Increases to 3.4bcf/d
Egypt’s Power plants’ consumption of natural gas has increased to 3.4bcf/d over one week in mid July, up from 3.3bcf/d, due to the country’s high summer temperatures.
China, Egypt Start EETC Project Operations
The largest transmission lines project in Egypt’s history, the Egyptian EETC 500kV Transmission Lines Project (EETC Project), a cooperative venture between China Electric Power Equipment and Technology Co. Ltd (CET) and Egypt, is currently under construction.
Egypt to Ink Dabaa Nuclear Plant Final Contract Soon
Egypt's Minister of Electricity and Renewable Energy, Mohamed Shaker, affirmed that the final binding contract for the Dabaa nuclear plant, that will remain in effect for 60 years, is to be endorsed soon.
EU’s TARES Project in Egypt Eyes 18% Energy Saving by 2035
The European Union (EU) has announced that their funded Technical Assistance to Support the Reform of the Energy Sector (TARES) project in Egypt can achieve feasibly energy savings up to 20 million tons of oil equivalent (mtoe) by 2035, corresponding to 18% of the total consumption in 2035.
Egypt’s Cabinet Confirmed Fuel Exempted from VAT
The cabinet confirmed that Egypt’s petroleum based products are to be exempted from the value-added tax (VAT), which is yet to be presented to the parliament.
EU’s Twinning Project to Develop Egypt’s Power Sector
In partnership with the Regulatory Authority for Energy of the Hellenic Republic (RAE) and the Italian Regulatory Authority for Electricity, Gas, and Water (AEEGSI), the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) will launch the European Union (EU) Twinning project.
Ministry of Petroleum Owes $400m to Germany’s RWE
Egypt’s Ministry of Petroleum owes $400m to its German counterpart, RWE, a leading company in manufacturing coal and nuclear-based electricity generators in Europe. The amount accounts for the Essen-based company’s stake in oil and gas from its concession areas in Egypt.
Oil Ministry’s Dues Owed to Shell, BG Increase to $1.1b
The total amount of dues that are owed by the Egyptian Ministry of Petroleum to British Gas (BG) and Shell, in return for their shares in the gas produced at El-Borollos and Rasheed fields, have increased to $1.1b, from $1b in April 2016.
