El Sisi Approves EBRD $200 M Loan to EGAS
The loan agreement was signed on December 27, 2017 by Egypt and EBRD to grant EGAS a $200 million loan.
The loan agreement was signed on December 27, 2017 by Egypt and EBRD to grant EGAS a $200 million loan.
EGAS will launch an E&P bid round to search for natural gas in the West Mediterranean.
The Gas Regulatory Authority issued two licenses to EGAS to ship and distribute natural gas, and three licenses to GASCO to supply, deliver, and distribute natural gas.
Egypt’s Minister of Petroleum Tarek El Molla announced the winners of the bid rounds that were announced last year with EGPC and EGAS, on the sidelines of EGYPS 2019.
EGAS plans to drill 13 wells in Nile Delta and the Mediterranean Sea during FY 2019/20, with total investments exceeding $510 million.
Egypt consumed an average of 5.753 billion cubic feet per day (bcf/d) in fiscal year (FY) 2017/18.
The country's exports did not have any amounts sent through pipelines in fiscal year (FY) 2017/18.
Natural gas output rates recorded 6.6 bcf/d during the Q4 of 2018.
The Egyptian Natural Gas Holding Company (EGAS) plans to add 1.5 billion cubic feet per day (bcf/d) to national gas grid in 2019, through executing development projects in Zohr, North Alexandria, and Burullus 9B p ...
Companies approved by the Egyptian Natural Gas Holding Company (EGAS) to import natural gas must obtain approvals from the Gas Market Regulatory Authority (GMRA), Minister of Petroleum Tarek El Molla has said.