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Reuters – Egypt’s oil minister said on Thursday that BP’s $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades. In another move that could help improve investor confidence, Sherif Ismail also said Egypt would pay $1.5 billion of the …
“The state will provide financial allocations to import gas for electricity through any possible means,” says Ismail
An official source at a cement company who preferred to remain anonymous said that he was “surprised” at the government’s desire to raise gas prices for factories at a time when a gas shortage impacts their productive capacity.
Government reduced allocations for petroleum subsidies to approximately EGP 104bn from EGP 134bn in 2013/2014, raising fuel prices in the local market, according to the proposed 2014/2015 budget
The tender will be awarded before the end of the year for the gas supply to begin in January 2015.
In an exclusive interview with Daily News Egypt, Egypt’s ambassador to Jordan outlines the strong ties between the two countries.
EGAS has yet to sign with two oil companies to supply 12 shipments of LNG, due to the lack of necessary funds.
Removing diesel subsidies from November onward would pose extra burden on already suffering tourism sector, says deputy chairman of Chambers of Hotels
The total amount of investments that are hoped to be collected from public sector companies amount to EGP 3.69bn for the 2014/2015 year, according to Al-Mula.
Daily production decline of 150m cubic feet of gas in Egypt, shortage of 11m metres of gas and equivalent for fuel needed for electricity
Petrochemicals company delays routine maintenance in operations of the Egyptian Natural Gas Company (GASCO), which was scheduled to start on Saturday
Software depicts three-dimensional geological map for oil and gas reservoirs
Al-Sisi’s electoral platform not limited to solving energy crisis with replacement of household light bulbs, which sparked wave of ridicule on social networking sites
This means that citizens who use gas lines connected to their place of residence to run on electric generators can face legal repercussions under criminal law.
EGAS president says shipments will meet electricity demand for two and a half months
Egypt looking to secure gas supply during the coming years to keep its power plants running
Prime minister denies reports that Suez would be transferred to the authority of Cairo governorate
Egypt’s opportunities for importing liquefied natural gas have increased as a result of US sanctions on Russia
Cement company says it is aiming to increase investments in order to double its production capacity
The government’s contract with Norway’s Hoegh will last five years
Prime minister’s visit to African countries results in agreements on gas and wheat imports, and investment contracts for the Arab Contractors Company and Egypt Air
The second method links the price of gas to the international price per ton of urea and ammonia and is applied directly to the manufacturer, according to the official.
Egypt has made various offers to the UAE, Saudi Arabia and Kuwait regarding a number of projects, including the establishment of laboratories for refinement areas in Ain Sokhna, the North Coast, Alexandria and Upper Egypt.
EGAS to no longer pump gas to EDCO factory
Relations between the neighbours hit a low following the kidnapping by Pakistani Sunni extremists of five Iranian border guards from Iran’s Sistan-Baluchestan province in February.
Egypt is facing a serious issue as a result of the government’s inability to pay its debts to foreign partners in light of the poor economic situation.
Security forces detained three workers on charges of inciting strike
Cabinet announces price hike in natural gas starting May; party wary the price hike will do little to help Egypt’s energy crisis
To 19 billion cubic metres (bcm) annually from 16 bcm
Reuters – Egypt is considering buying liquefied natural gas from Russia, the country’s industry minister said on Wednesday. Egyptian industry and investment minister Mounir Fakhry Abdel Nour, on a visit to Moscow, did not give any other details. Egypt hopes to import more LNG during the summer months. Russia has only one LNG plant, located …