EGAS | Egypt Oil & Gas - Part 45
Update: Egypt to Receive 2nd LNG Floating Terminal
After Ministry of Petroleum’s announcement earlier last month of the arrival of a 2nd terminal in August of this year. EGAS reported that plans to receive the floating terminal in Ain Sokhna have changed for sec...
Gazprom Makes 5-Year Commitment to Supply Egypt with LNG
Russia’s portfolio seller Gazprom has signed a contract with EGAS for the supply of 35 cargoes of LNG, Egypt’s Ministry of Petroleum said in a statement Tuesday, March 17. Under the agreement, Gazprom will...
EGAS Announces New Bid Round
EGAS announced a new international bid round for 2015 for 8 Blocks in the Mediterranean Sea with a total area of 11,849 km2. The blocks offered as part of the bid round are: Block 1 West Arish Marine; Block 2 East Por...
Egypt’s Gas Production Will Not Increase in FY 2015/2016
Gas production in the next fiscal year (FY) 2015/2016 will not increase, according to a senior official at Egyptian Natural Gas Holding Company (EGAS). The EGAS official added that maximum production will be 5 bcf/d, ...
EGAS Owed EGP 53 Billion By Electricity Ministry
Egyptian Natural Gas Holding Company’s (EGAS) dues from the Ministry of Electricity have significantly increased to amount to roughly EGP 53 billion in exchange for the gas that electricity generation stations obtain....
ITG to Recycle Oil Sectors’ Electronic Waste
The International Technology Group (ITG) agreed in January with the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and representatives of 90 companies working in the oi...
LNG Import Cost Dropping As A Result of Falling Oil Prices
The cost of importing LNG to Egypt will decrease $0.5 billion annually to $2 billion as a result of the drop in international oil prices, according to Khaled Abdel Badie, the chairman of state-run Egyptian Natural Gas...
Dana Gas: Oil Prices May Delay Debt Payments
UAE-based Dana Gas revealed on Wednesday that it could delay the schedule of receiving the owed debt by the Egyptian government, due to the international decline in oil prices. CEO of Dana Gas Patrick Allman-Ward told...
