Latest news
Egypt will obtain first LNG shipment from Rosneft in May
Egypt will obtain the first of nine settled cargoes of liquefied natural gas (LNG) from Russia's Rosneft this month, as declared by an official at the state gas board EGAS on Thursday.
read more... 06/05/2016
Egypt: Zohr gas field will produce 1 billion cubic feet per day by end-2017
Egypt has settled with Italy's Eni to start production of 1 billion cubic feet per day of gas at the Zohr gas field, the largest in the Mediterranean, by the end of 2017, according to the oil minister Tarek El Molla on Tuesday.
read more... 20/04/2016
Egypt receives $4bn financing from international banks to develop 14 GW of CHP plants
Egypt's state-owned Egyptian Electricity Holding Company (EEHC) has received €3.5bn ($4bn) in financing from Deutsche Bank, HSBC and KfW's Ipex Bank to support the development of three gas power plants, which have a combined capacity of 14.4GW in Egypt.
read more... 14/04/2016
Saudi Arabia to conclude a $20 billion energy deal with Egypt
Saudi Arabia is expected to ink a $20 billion five-year deal to finance Egypt's needs for oil and petroleum products, during King Salman bin Abdulaziz al-Saud’s visit to Cairo this week.
read more... 07/04/2016
Egypt: EGAS finalizes tender for two LNG cargoes for April delivery
Egypt has acquired two liquefied natural gas (LNG) cargoes for April delivery from two international firms, EGAS Chairman Khaled Abdel Badie told Reuters on Sunday, without mentioning which two companies won the tender.
read more... 29/03/2016