News / Egypt
Egypt to Import Gas From Leviathan
Delek Group announced in a press release the signing of a Letter of Intent to export natural gas from the Leviathan Project to Egyptian consumers.
CPTDC to Invest $10m in Egypt’s Petroleum Industry
China Petroleum and Technology Development Corporation (CPTDC) will invest approximately $10m in Egypt, Li Qitang, Egypt’s Chief Office Representative.
Kuwait Fund to Finance Egypt-Saudi Power Grid
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have signed a loan agreement worth $98.7m to finance the power grid project between Egypt and Saudi Arabia.
Russia Furthers Egypt’s Nuclear Power and Suez Industrial Plans
Minister of Electricity Mohammed Shaker explained that nuclear power was a key facet in the government’s strategy to tackle the current energy crisis.
Aphrodite Gas Within Egypt’s Reach Thanks to BG Deal
The energy minister of Cyprus, Yiorgos Lakkotrypis, announced on Monday that a move by British oil and gas company BG International to buy a stake in Cyprus’ offshore mineral deposits was an important step forward for the country’s plans to supply Egypt with natural gas.
Egypt’s Gas Production declines to 4.15 bcf/d
According to EGAS's annual report the daily production rate of natural gas declined to 4.15 bcf, in comparison to 4.25 bcf last month, Daily News Egypt reported.
Egypt’s Dollar Shortage May Undermine Renewable Energy Projects
Egyptian solar-power developers are increasingly concerned by the state’s declining foreign currency reserves.
Egypt, Russia Finalize Nuclear Plant Deal
The Egyptian and Russian governments signed a final agreement to build a nuclear plant in Dabaa, Egypt on November 19th.
