Egypt Expects to Garner over $40B in Energy Investments
The Zohr, North Alexandria, and Nooros natural gas fields will receive investments worth $27.3 billion in 2018.
The Zohr, North Alexandria, and Nooros natural gas fields will receive investments worth $27.3 billion in 2018.
Egyptian Natural Gas Holding Company (EGAS) approved a hike in natural gas fees.
The Egyptian Natural Gas Holding Company (EGAS) plans to increase natural gas production by around 27%, or 1.4 billion cubic feet per day (bcf/d), to reach 6.5 bcf/d by June 2018.
Egypt is currently consuming around 6 billion cubic feet per day (bcf/d) of natural gas.
The Ministry of Petroleum and Mineral Resources spent between $2.2 billion and $2.4 billion on liquefied natural gas (LNG) imports during fiscal year (FY) 2016/2017.
Algeria’s state-owned energy company, Sonatrach, is considering forming joint ventures with trading companies to market its natural gas.
Kuwait Petroleum Company (KPC) plans to raise crude oil output to 4 million barrels a day by 2020 and natural gas output to 1 billion cubic feet per day (bcf/d) by 2023.
Prime Minister Sherif Ismail has officially appointed Karem Mahmoud, as the Head of the Natural Gas Regulatory Authority.
Production from the Zohr gas field remains on track to begin in December.
Liberalizing Egypt’s gas market requires additional steps and greater cooperation, a senior official at Egypt Natural Gas Holding Company (EGAS) said at a working luncheon hosted by the British Egyptian Business A ...