Latest in Energy Highlight
Latest in Energy

Damietta LNG plant exports gas again after six-year suspension
Quantities of Zohr gas to be exported through Damietta LNG plant in 2019, says source

Electrical connection with Saudi Arabia with $1.56bn investments: minister
Future Electricity production investments amount to EGP 152.3BN

EEG to issue qualified companies’ list to establish West Nile solar power in September
New and renewable energy authority grants operator right of use for 25 years

85 companies implement solar energy projects in Benabn
External fence of plants’ location to be completed within three weeks, says Allam

Eni negotiates with shell to connect 23m cubic feet of gas to Obayied gas plant
$6m cost of drilling ‘Farameet’ well in the Western desert: Source

EGPC pumps 1.3m tonnes of diesel in market daily; new discoveries enhance refining industry
Rates of consumption of diesel throughout year range from 1.1 to 1.2m tonnes per day

Alexandria Electricity Distribution Company receive EGP 28.6m from electric thefts
Company removes cables from 481 units that did not pay for measures

NREA provides investors with ‘wind tariff’ to implement BOO projects
ACWA Power, El Sewedy, Alcazar Energy most prominent companies wanting to launch stations

16 new companies approved in national project of small solar cells
List includes Egyptian Solar Energy Systems Co., Evergreen, Infinity, Egypt Power

Shell to connect 100m cbft of gas from 9B phase to production in October
110m cbft decline in gas production from Borollos and Rasheed fields: source

EGAS applies for two shipping, supply licenses from Gas Market Regulatory Authority
GASCO and 14 other companies aim to obtain transport and distribute licenses of natural gas

Contract to establish Hamrawin coal-plant to be signed in China-Africa summit next month
Al-Sisi to witness signing ceremony, 7 banks offer collection EGP 20bn for Project

Apache to invest $1bn annually in Egypt: Tarek El-Molla
Apache investments in Egypt exceed $12bn in 23 concession areas, including 20 production regions

NREA pays EGP 180m of debt to NIB
The New and Renewable Energy Authority (NREA) paid EGP 180m of its EGP 3bn debt to the National Investment Bank. Mohamed El-Khayat, head of the NREA, told Daily News Egypt that debts have been accumulating since 2007 and repayment was agreed to be rescheduled over 10 years starting this year. The NREA has thus paid …

Benban solar park suffers from water problem
Investors urge help from citizens, negotiations ongoing with funding agencies

Eni granted new exploration license in offshore Nour area in H2 2018
Government sources deny imposing a new increase on gas prices for factories

ANRPC to produce high-octane gasoline by next month
Alexandria National Refine and Petrochemical (ANRPC) plans to open its new project of high-octane gasoline production next month with $233m worth of investment. Minister of Petroleum and Mineral Resources Tarek El-Molla said the new project comes as part of the ministry’s current programme to increase domestic production of high-value petroleum products, especially gasoline and liquefied …

Several complaints filed due to surprising rise in electricity consumption bills
Household sector committed to paying electricity bills, government agencies refuse, accumulate their indebtedness

Egypt’s fuel imports rise to $5bn in five months
Total fuel imports from January to May 2018 rose to about $5.035bn compared to $4.924bn in the January-May 2017 period, with an increase of nearly $111m. According to the latest statistics of the Central Agency for Public Mobilization and Statistics (CAPMAS), total imports of crude oil amounted to $1.483bn, during the first five months of …

EETC to tender for construction of two transformer stations next month
Selection between Xdegemac, Hyosung to Eqtisadiya plants

Al-Sisi inaugurates new Assiut barrage
Assiut hydroelectric weirs produce 32 MW, save EGP 130m worth of fuel

30% of Abu Qir Fertilisers to be offered on EGX: Tarek El-Molla
Minister of Petroleum Tarek El-Molla announced on Friday that 30% of Abu Qir Fertilisers (ABUK) shares will be offered on the Egyptian stock exchange (EGX).

Shuaa to start reading 10m electricity metres next month
Experiment worked, to be implemented in two sectors in each distribution company: El-Far

$300m to set up two pipelines to transport gas from Nawras: El-Gamil
700m cubic feet to be transported, implementation completed by end-2018

Cabinet settles Aquapower’s offer to establish wind energy plants within week
$600m investment of projects, implementation will be according to BOO system

Hotels, resorts use solar energy to cut bills
Negotiations with KarmSolar to implement plants, systems to produce electricity, says Rady

Government suspends electricity practicing system, connected coded counters to buildings
30 October deadline for citizens to pay, El-Far

ACWA Power offers discounts to capture Kom Ombo solar station tender
Company offered lowest price per kilowatt hour in tender at 2.75 cents

EETC opens financial bids for 200 MW solar plant in Kom Ombo
Abdul Latif Jameel Energy’s Fotowatio Renewable Ventures put in lowest bid at 2.79 cents per kWh, while Orascom conglomerate placed highest bid at 3.40 cents per kWh

Shell to start production from West Nile Delta field 9B in October
Production of natural gas from two deep-water wells at Shell’s West Nile Delta field 9B in Egypt will begin in the first half of October, according to a statement from Minister of Petroleum Tarek El-Molla on Friday. The statement indicated that the whole project, which includes several other wells being dug and linked to production, …