Pipeline Issues Delay Israeli Gas Flow to Egypt
Companies involved in the $15 billion gas deal revealed the issues in the pipeline will need more work than what was initially planned to start transporting natural gas.
Companies involved in the $15 billion gas deal revealed the issues in the pipeline will need more work than what was initially planned to start transporting natural gas.
The meeting was attended by head of US oil companies and organized by US Chamber of Commerce, the Egypt-US Business Council and the American Chamber of Commerce in Egypt.
The country transformed around 2,600 vehicles per month into the gas-power system, the source noted, adding that pumping natural gas into vehicles is done via 200 gas stations across the country.
The loan agreement was signed by Egypt and EBRD on May 22, 2018.
The LNG cargoes are offered in a tender that is set to close on March 18 in order to be awarded by March 21.
El Molla and his American counterpart talked about ways of boosting cooperation in the oil and gas sector between Egypt and the US, and possibilities of increasing American petroleum companies' investments to prov ...
El Molla pointed out that the ministry’s commitment to secure an investment attractive climate will encourage big international oil companies (IOCs) to invest in Egypt.
The company is interested in the bid rounds launched by the Egyptian oil and gas sector for exploration in the Mediterranean and Red Sea.
El Molla met with CEOs of Schlumberger and BP to discuss the companies' work in Egypt.
The ministry completed the project and requested operational trial from the Sudanese side in March, but it received back a reply that there is no electricity minister in Sudan.