Egypt to Reach Natural Gas Surplus by April 2019
President Abdel Fattah El Sisi announced that Egypt will obtain a surplus of natural gas by April 2019.
President Abdel Fattah El Sisi announced that Egypt will obtain a surplus of natural gas by April 2019.
The Egyptian foreign minister, Sameh Shoukry, has held talks with his Greek and Cypriot counterparts Nikos Kotzias and Nikos Christodoulidis regarding energy cooperation.
The Egyptian government is determined to complete the energy subsidies’ reforms within the framework of the economic reform program agreed upon with the International Monetary Fund (IMF).
Egypt and France signed four deals worth around $73.84 million in the fields of energy, healthcare, SMEs, and transportation.
The loan is designated to finance a number of energy efficiency investments, as well as installations and refurbishments at the Suez refinery.
Morocco will launch a tender for companies to establish a $4.6 billion natural gas project with capacity of 2,700 MW.
Egypt’s government approved signing three vital international agreements, including around $647.83 million deal with the European Union (EU).
The World Bank has provided the Egyptian energy sector with $4 billion in funding.