Latest in Energy Highlight
Latest in Energy

Egypt reviews electrical connection studies with Cyprus to begin project implementation
Studies are being conducted to increase capacity of electrical connection line with Jordan to take it up to 3,000MW

New study indicates high potential for gas discoveries in Red Sea
The results of recent geophysical data analysis in the Red Sea carried out by Schlumberger in cooperation with Ganoub El Wadi Petroleum Holding Company (Ganope) revealed a 70% potentiality for new natural gas discoveries according to a seismic survey. A source from the petroleum sector told Daily News Egypt that the analysis have shown that …

Damietta Liquefaction Plant to export 550m scf of gas/day in April after six-year suspension
Agreement on international settlement in favour of UFG against Egypt for $1bn

Inaugural Solar, Wind event opens next week in Cairo
Show will take place at Nile Ritz Carlton on 19th, 20th January 2019

Vodafone preparing to bid for solar power plant within weeks
Large number of companies expressed their interest in tender

Petroleum Ministry announces results of $800m worth EGAS, EGPC tenders
Winning companies committed to drilling 60 exploration wells, says El-Molla

BP to start gas production from 2nd phase of West Nile Delta project
Combined production from project’s three phases is expected to reach 1.4bn scf/day in 2019

Egypt to be regional gas hub after achieving self-sufficiency
Renewal of Singapore’s BW gasification vessel contract next year, says source

As EGYPS kicks-off, how will oil prices fluctuations affect Egypt?
Brent crude settles at $62, uncertainty clouds markets, global investments in oil declined by $200bn, says Egypt’s Petroleum Minister

KarmSolar, Cairo3A Poultry sign $90m agreement to build solar plant in Egypt
New deal expected to double KarmPower’s pipeline of its committed projects

KarmSolar planning 100MW solar power plant in Bahareya Oasis
Company to sell produced capacities to Cairo3A’s poultry project

Investments of hydrogen cracking complex in Suez amount to $2.35bn: Minister of Petroleum
Four projects worth $309m were completed to raise efficiency of refineries

Electrical connection with Ethiopia, African countries activated
Egyptian companies offering to establish developmental projects in Addis Ababa

Egypt requests hosting International Ministerial Conference on Nuclear Energy 2021
This came during meeting held by minister of electricity, with IAEA director general

EGAS secures industry’s gas needs since 2016, amounting to 2.5bn scf/day
Government sets priority to supply gas for electricity consumption, then to factories

Egypt’s gas production declines naturally by 25%, offset by new finds: Petroleum Minister
EGPC’s for gas exploration in Red Sea to be announced next week: El-Molla

Deferred liberalisation of electricity sector, continued subsidies
Proposal to apply VAT on highest consumers instead of cross-subsidy

Solar energy: Factory’s haven to avoid high electricity prices
Institutions receive low, fixed tariff, will not bear cost of setting up stations

Italy’s Eni renews negotiations with Electricity Ministry to set up solar plants worth $1bn
Italian company Eni has renewed its negotiations with the ministry of electricity to launch solar power plants in Egypt with a capacity of 1,000MW and investments of up to $1bn. Sources in the ministry of electricity told Daily News Egypt that the Italian company intends to implement 1,000MW solar power plants in phases, and will …

We aim to increase Egypt’s gas production by 100% by 2020: Minister of Petroleum
Egypt’s four largest gas fields produce 6.5bn feet of gas per day: El-Molla

Egypt postpones electricity interconnection with Sudan to March
The Egyptian Electricity Transmission Company (EETC) postponed the first phase of 100MW electricity interconnection project with Sudan to March due to a delay in the implementation of the project by the Indian multi-national construction firm, Larsen & Toubro Limited (L&T). A source in the Ministry of Electricity told Daily News Egypt that the Indian company …

Domestic gas consumption declined to 5.7bn cubic feet per day
Egypt exports 600m cf of gas per day through Idku, Jordan line, says source

Siemens sends offer to EETC to establish 2,000MW wind energy plant
German company negotiating with Toyota-Orascom, ElSewedy-Marubeni alliances to take part in inauguration of stations

Empower partnering with BM Financial Leasing to realise $250m plants to produce energy from waste
Company is first business to sell electricity to government from waste recycling

2019, year of firms’ adjustment to new economic system: TAQA Arabia
Egypt likely to open its Benban project in February, says Chairperson

EGPC pays Dutch Shell $3.1m per 1m BTU for its share in 9B field gas
Linking first phase of production in 5 months, says source

Forty seven companies approved in national project of small solar cells
Seventeen solar plants to be implemented, output 2.7MW in four sectors: Project Director

Egypt aims to exchange electricity with Sudan, Saudi Arabia, Cyprus this year: Shaker
Feed-in tariff projects in Benban to kick off by end-year

Minister of Petroleum, Mineral Resources: realisation of 11 gas, oil projects during next FY
Egypt’s natural gas production increased to 7.5 bncf/d

Foreign partners’ investment in 2019/20 scores $10bn
Dues owned to foreign companies will be fully paid this year, says petroleum minister