Mohamed Saad El Din, Chairman of Liquefied Petroleum Gas (LPG) Investors Association and the Energy Committee of the Federation of Industries, stated that the Sinai Peninsula is the first stop to receive the first compressed natural gas (CNG) shipments with a total of 18,000 cubic meters of natural gas, according to General Trade Union for Petroleum Workers.

The Egyptian General Petroleum Corporation's (EGPC) Chairman, Abed Ezz, said that 60 new discoveries had been realized during the previous fiscal year in the fields of petroleum and natural gas, adding that two new discoveries will be announced soon: the first will be for Eni in Gulf of Suez region, while the second will be for Petro Gulf in Sinai.

Petrobel plans to drill 10 developmental wells with a crude oil production rate of around 3,000 barrels per day (b/d).

Oil minister Tarek El Molla has signed two oil and gas exploration and production (E&P) agreements in the Sinai and the Suez Gulf with investments of $65 million and $3.5 million signature grant.

Delek Drilling shareholders will meet on July 1 to vote on whether to approve a $200 million investment in a subsea pipeline to Egypt.

The Sinai Peninsula is an important oil and gas region that contains essential oil and gas facilities and pipelines, the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, said.

Egyptian Ministry of Petroleum started a project to deliver gas to Qantara city in West Ismailia

In a plenary session that took place in late June, Egypt’s Members of Parliament (MPs) have approved a presidential decree on the King Salman Program for the Development of Sinai, a Saudi-Egyptian loan agreement that aims to develop the peninsula.

The oil sector has completed the execution of gas grid line in the New Ismailia city at a length of 30 km, which has paved the way for the aggregation of gas for a delivery to household units, informed Sinai Gas.

Tomislav Salopek, a Croatian man employed by French petroleum geosciences firm CGC has reportedly been beheaded by ISIS-affiliated militants in Egypt’s Sinai peninsula, the Independent reported.