EGAS | Egypt Oil & Gas - Part 28

Edison Signed $86m Deal to Explore Oil, Gas in Egypt

Egypt signed an oil and gas agreement with Italy's Edison worth $86m to explore and produce oil and natural gas in the Mediterranean Sea.

Egypt Produced 4.5bcf/d of Gas

Egypt's natural gas production increased from 4.45bcf/d in November 2016 to 4.5bcf/d.

EGAS to Pump Gas to 700,000 Households

The Egyptian Natural Gas Holding Company (EGAS) plans to deliver natural gas to between 500,000 and 700,000 households within the second half of fiscal year 2016/2017.

EGAS Awarded New Concession Deals

The Egyptian Natural Gas Holding Company (EGAS) awarded three new concession agreements to Eni's Egyptian joint venture, International Egyptian Oil Company (IOEC), UK's BP and French Total

NKB Sues National Gas Egypt for Loan Repayment

National Bank of Kuwait (NBK) has sued both National Gas Egypt and the Egyptian Natural Gas Holding Company (EGAS) before the Economic Court for the delayed repayment of a EGP 75m loan.

EGAS Granted Gas Importing Licenses

EGAS granted four companies preliminary approvals on their requests to import natural gas privately and pump it through the national grid

Egypt Estimates 5.3bcf/d Gas Consumption

The Egyptian Natural Gas Holding Company (EGAS) estimated Egypt's demand of gas to reach 5.3bcf/d.

Egypt Boosted Natural Gas Production

Egypt’s natural gas production increased from 4.35bcf/d to 4.45bcf/d in November

Egypt to Consume 6.5bcf/d of Gas

The Egyptian Natural Gas Holding Company (EGAS) estimated Egypt's local market gas demands to reach 6.5bcf/d within the summer of 2017.

EGAS Awarded 2017 LNG Import Deals

The Egyptian Natural Gas Holding Company (EGAS) awarded liquefied natural gas (LNG) import contracts to Glencore, Trafigura, BB Energy, Gunvor and Vitol.

Page 28 of 45

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