Egypt to Pay $500 MM to Settle Gas Case with Israel
The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have agreed to pay $500 million to settle a dispute with Israel Electric Corporation.
The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have agreed to pay $500 million to settle a dispute with Israel Electric Corporation.
The Egyptian Natural Gas Holding Company (EGAS) aims to increase gas production by 4.8 billion cubic feet per day (bcf/d) by June 2022, bringing the total gas production in Egypt to about 11.3 bcf/d.
Egypt will finish establishing 17 new filling stations that will provide cars with natural gas by the end of June 2020, in respect to an expansion project that aims to turn vehicles into gas-powered ones.
EGAS offered 13 gas cargoes to be shipped from Idku liquefaction plant in June and July 2019.
EGAS expects the country's natural gas consumption to grow by 12.3%, reaching 7.3 bcf/d in FY 2019/20.
Weatherford has inaugurated its new Kattameya facility and office space in Cairo in a ceremony that gathered the company’s top management and industry leaders.
The Egyptian Natural Gas Holding Company (EGAS), National Organization for Military Production (NOMP) signed a protocol for producing smart prepaid gas meters.
Egypt's natural gas production increased by around 300 mmscf/d, reaching around 6.9 bcf/d.
The four shipments are offered through two separate tenders that will close on April 9.
Developing the national grid is an essential component in Egypt’s strategy to become a regional hub for natural gas