The Central Bank of Egypt (CBE) will offer 5% interest loans to encourage car owners to transform their vehicles to natural gas-powered or mixed-fueled cars, running with both natural gas and gasoline
ACWA Power and the Ministry of Petroleum and Mineral Resources agreed to pay $90 million to deliver natural gas through a pipeline connected to the company's electric power plant in Luxor.
The output is expected to increase due to the growth of production in Giza and Fayoum fields.
Egypt is conducting four projects and adding them to production according to plans with total investments estimated at $27.2 billion.
Egypt and Lebanon agree on revising the operational, economic, and commercial annexes in light of the 2009 contract between the two countries.
Egypt linked 29,000 households per week to the national grid during January 2019 and aims to reach 600,000 households by the end of February 2019.
Egypt has started exporting around 165 million standard cubic feet per day (mmscf/d) of natural gas to Jordan in order to cover gas supply in electricity generation.
EGPC pays Royal Dutch Shell $3.1 per 1 mBtu to buy its natural gas share produced from phase 9B of Burullus field.
Egypt’s natural gas output increased by 30.35% YOY reaching 4.067 million tons in November 2018, up from 3.12 million tons produced in November 2017.
Egypt's natural gas production is expected to reach 8 bcf/d during FY 2019/20 due to completing and operating natural gas development projects.
