Latest in Energy Highlight
Latest in Energy
BP invests $2.7bn to develop North Alexandria’s Giza and Fayoum gas fields
Production of second phase amounts to 680m scf/day
Egypt secured $162bn worth of petroleum products over past five years
Fuel and gas domestic consumption recorded 386 m tonnes since 2014
Egypt to export electricity to Sudan in 1Q 2020
Alternative feeding will be completed via Owainat-Balat line in December
EETC contracts with Elmako Pty Ltd, El Sewedy to add 101 transformers for EGP 656m
Mashaly added that the total cost of the contract amounts to EGP 325m, financed from the credits of the projects of high voltage and ultra-high voltage transformer stations in target electricity scopes in the budget of the fiscal year (2019-2020).
Oil prices plunged to $59.12 per barrel on the back of increased US stockpiles
Decline in global demand for oil threatens to OPEC’s plans to cut production, says Youssef
Egypt sets waste-to-energy purchasing tariff at EGP 1.4 per kw/h
Earlier, Daily News Egypt reported that several government agencies will share in the purchasing tariff of electricity from waste-to-energy plants for two years, bearing 37 piasters to be added to the original tariff of EGP 1.03 to reach EGP 1.40 per kw/h.
Factories and companies turn to solar energy to reduce electricity bills
Infinity Solar aims to launch 200 MW power plants, sell power to factories
Enara Capital launches 800 MW renewable power plants in five years
The company has completed the implementation of three projects in Aswan with a capacity of 150 MW
Egypt’s total gas consumption records 5.97bn scf/day in FY 2018/19
EGAS revealed that Electricity Ministry received 62.3% of locally consumed gas
Egypt plans to establish $1.2bn CSP solar power plants
Osama Kamal plans to submit legislation to replace the old stations with CSP ones
NARI, B Electric compete to implement new solar plant in Zafarana
Studying financial bids, and contract awarding to the winning company before end-2019
Egypt supplies natural gas to 1.2m households in 1Q 2020: El-Molla
El-Molla revealed that the connection process was accelerated in the first quarter (Q1) of FY 2019/20, as the natural gas supply was extended to 21 new areas.
EETC to sign power purchase agreement with Siemens Gamesa within weeks
German company to build 500MW wind farms in Egypt, Japanese institutions to finance the first phase
Egypt to impose quality control on solar equipment importers starting 23 October
Importers to conduct product testing at NREA for maximum EGP 40,000 per container
Gas exports fell to 100m scf/day due to low global prices
Egypt poised to achieve surplus of production after meeting the needs of domestic market
KaramSolar negotiates with 5 banks to finance EGP 1bn solar projects
The list of banks in negotiation with KarmSolar includes IFC and EBRD
RCREEE participates in preparing renewable energy plans in Tunisia, Jordan, Iraq, and Sudan: Karam Eldein
SMEs movement towards Africa is essential for upcoming period
Solar market rebounds despite lack of funding, awareness
A total of 332 small power plants were connected to the national grid, outputting 23.5MW
Gas prices continue to decline due to oversupply in world markets
US cuts gas rigs to 144, as production reaches 2.39trn scf
Vestas closest to win Gulf of Suez wind farm tender, Siemens likely excluded
Three companies were competing for the project, including Vestas, Siemens Gamesa, and Senvion.
Rosatom floats 20 tenders for facilities and needs of Dabaa Nuclear Plant
Two contracts to be awarded before the end of 2019, company signed contract with Petrojet
SCZone to deliver 500,000 sqm of Russian industrial zone end-2019
Negotiations with DP World to develop 40 sqkm in Ain Sokhna
Egypt cuts natural gas production by 1bn scf/day after achieving surplus
Local market gas needs fall to 6bn scf, says source
Production of Burullus, Rashid fields increase to 290m scf/day
Linking 80m cubic feet from the second well in stage 9B, according to industry sources
12 companies qualify to implement solar power plants in NAC
The list includes Orascom, El Sewedy, Infinity, Ibn Omairah, and Light Source, companies to submit bids on 16 October
Israeli gas exports to Egypt to increase to 85.3 bcm over 15 years
Exports from Leviathan to start 1 January 2020, from Tamar to start on 30 June 2020
Government stabilises fuel prices as hedging contracts defy oil fluctuations
A government source told Daily News Egypt that the government has fixed the prices of petroleum products, in parallel with fixing the value of hedging against price fluctuations, which protects the state budget from bearing any additional burdens.
Electricity Ministry cancels Al-Nowais’s Oyoun Mousa power plant agreement
Both sides in negotiation to launch renewable energy projects with 500MW capacity
Production testing of Zohr’s 13th gas well likely to start next week: source
Gas consumption by power plants down by 500m scf/day, say source
NREA holds first roundtable on renewable energy investment in Egypt
Authority receive requests to implement 10GW projects in feed-in tariff programme, says El-Khayyat