Latest in Energy Highlight
Latest in Energy
Shell aims to export gas through EDCO every 20 days
200m cubic feet per day from Borollos fields allocated for export, says source
As Nooros field reaches record production, BP and Ministry of Petroleum sign 3 concession amendments
BP announced it has signed three concession amendments with the Minister of Petroleum Tarek El Molla for the Temsah, Ras El Barr, and Nile Delta offshore concessions in Egypt. These amendments allowed for the economic development of the Nooros field, where the company recently achieved record production. Hesham Mekawi, regional president of BP North …
BP acquires Shell’s Rosetta gas plant for $128m
Giza and Fayoum fields in northern Alexandria will produce 420m cubic feet per day in 2019, says source
International banks, institutions approve financing for renewable energy projects
Institutions await the announcement of the feed-in tariff’s second phase to officially negotiate with companies
Egypt enjoys good investment climate but legislation, regulatory laws need improvement: Acwa Power regional director
The pace of work and conclusion of contracts must be accelerated and obstacles that face investors must be removed
Government to re-negotiate implementation of Dairut, Nowais electricity projects
Financial guarantee, arbitration will not impede contracts completion
Taqa Arabia, Dolphinus call for licence to import gas from EGAS to private sector
Preliminary approval to be granted to companies that request licences to sell gas in local market, says source
Construction of Dabaa nuclear power plant underway: Electricity Minister
Russia and Egypt will sign contracts for the nuclear power plant after the resolution of legal matters, says Shaker
Siemens to select company for design, construction of turbine plant in Ain Sokhna
In June, Siemens signed agreements worth €8bn for high-efficiency natural gas-fired power plants, wind power installations, says CEO of Siemens Egypt
Electricity Ministry agrees with Siemens to run 2 production units in Beni Suef
The Ministry of Electricity and Renewable Energy agreed with Siemens to run two electricity production units in the Beni Suef power plant, with a capacity of 800 megawatts, by November. An official at the ministry said that gas supply lines to the Beni Suef power plant have been successfully linked to the grid. Moreover, six …
Electricity Ministry discusses financing 2nd phase of feed-in tariff with international institutions
Top financing banks include IFC, EBRD, GIZ, EIB, and AFDB
EGPC paid $480m of bank instalments to EDCO
The Egyptian General Petroleum Corporation (EGPC) paid approximately $480m in bank instalments to EDCO liquefaction plant, affiliated to Royal Dutch Shell, which ceased operating at full capacity in 2012. This did not result in the foreign partner (Shell) raising an international arbitration case against Egypt. A source in the petroleum sector told Daily News Egypt that …
3 companies, government to sign an agreement for purchasing solar energy generated electricity
A German finance institution agreed to finance the projects; arbitration in case of disputes will be held in Egypt
Ministry is keen to support development of General Petroleum company: Tarek El Molla
The General Petroleum company drilled 23 new wells, adding new reserves estimated at 10.9m barrels
Eni, BP complete drilling of second well in South Baltim
Project’s production platform under preparation to link 350m cubic feet of gas daily, says source
Recovered Energy offers to modernise, enhance efficiency of 6th of October City’s power plant with $30m
The company will sell the energy for a 12-year period; the cost of kilowatt/hour will drop down to 1.5 cents
First solar-generated electricity plant to open 25 September: KarmSolar
Station considered to be first in Egypt, annually saving up to 600,000 liter of diesel, avoiding emission of 1,620 tonnes of carbon dioxide, says CEO
Shell discovers new gas field with reserves of 500bn cubic feet in the western desert
Royal Dutch Shell has discovered a new gas field (PTI – 2) in the Alam El-Shawish concession area in the western desert. The new natural gas field has reserves of about 500bn cubic feet of natural gas. Aidan Murphy, Shell Egypt country chairperson, said that his company has gained rights to explore this area for …
Egypt, Cyprus sign deal to transfer Cypriot natural gas to Egypt via pipeline
The agreement will positively affect the development of the Cypriot Aphrodite field while fulfilling Egypt’s gas needs, says El-Molla
Oil, gas and the ‘long transition’ to a low-carbon economy
Oil and gas industry representatives are gathering in Norway for the biennial ONS energy conference. Conference Committee Chair John Knight talks to DW about the role of oil and gas in a transitioning energy economy.
Eni to raise Noras field production to 1bn feet of gas a day in 2017
Increase comes alongside efforts to offset natural rate of decline, says source
Adenium coalition agrees with British bank to finance 85% of solar power plant
Contracting to be concluded within two weeks, bank has no trouble with arbitration inside Egypt
Natural Gas supply project will expand to reach 20 governorates: International Cooperation Minister
In 2014, the World Bank funded the original three-year project for the 11 governorates with $500m and AFD with €70m, and in 2015, the EU supplied a grant worth €68m
6 offers under evaluation for water pumping, storage station in Ataka
The Egyptian Electricity Holding Co. has begun to evaluate the technical and financial offers to select the consultant
Oil prices expected to maintain $40-$60 per barrel range, medium term: Moody’s
GCC countries will continue to struggle with economic, financial, and foreign challenges, Dyck says
Gas re-pumped to MOPCO, AlexFert after maintenance
Provision of 3.7bn cubic feet daily to electricity plants, 400m cubic feet for high-consumption factories
Egypt to construct 1,000 MW solar power station, solar panels factory with $3.3bn of Chinese funding
China will transfer technology required for manufacturing solar energy panels
EETC discusses technical notes on linking with Saudi Arabia transformers
Italian Prysmian and Norwegian Nexans bid for cables tender
Government must improve efficiency of electricity consumption to coincide with price increases: expert
When the government announced two years ago its hope to cut electricity and petroleum subsidies, it did not provide any programme to protect the poor from the harm it would cause them due to the inevitable price increases. Even when it said that the money saved from cutting subsidies would be used to improve living …
Production costs to rise with new electricity prices, consumers to bear the burden: investors
The electricity price increase announced by Minister of Electricity and Renewable Energy Mohamed Shaker in early August has been met with varied responses from investors and businessmen. Some have accepted it, some have refused it, but all have acknowledged that this increase will raise production costs for every product manufactured in Egypt. “It’s a bitter …