Latest in Energy Highlight
Latest in Energy
Arbitration, Finance Ministry guarantee hinder wind plant establishment with Toyota’s alliance
The concern about ‘arbitration inside Egypt’ is moving from tariff projects to competitive tenders
Eni and BP find 700bn feet of gas in south Baltim reservoir
Drilling the first well is completed at 4,000 metres depth, says source
EU-funded project could save 20m tonnes of oil equivalent by 2035
EU holds workshop with Egyptian ministries to implement TARES project
Electricity Ministry postpones receiving smart meter tenders to mid-August
19 institutions are competing to provide the smart meters including Huawei, ZTE, and Elsewedy
Dabaa nuclear plant final contract to be completed
A misplaced comma in the contract may cause crisis, says Minister of Electricity
$400m dues owed to RWE for its stake in Suez Oil Company fields
RWE’s contract in Gulf of Suez concession ends in July 2017; no request for renewal
Will Israeli natural gas flow in Egypt’s pipelines?
A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear
Power plants’ gas consumption rises to 3.4bn cubic feet a day: Petroleum Ministry
The ministry provides about 30,000 tonnes of fuel oil and 4,000 tonnes of diesel to run the plants
Shell’s dues increase to $1.1bn in return for its share from El-Borollos, Rasheed gas fields
The government is taking its partner’s share, about $50m per month, and does not pay all of it, claims a source
Slight increase in electricity prices, cabinet to approve decision in days: Mohamed Shaker
The modification to the exchange rate is the main reason for the increase in electricity prices
Al-Sisi, Electricity Ministry to finalise contract with Shanghai Electric for coal-fired power plant in September
Three Chinese banks will finance the project, says Shanghai Electric Egypt director
Zohr gas reserves increase to 32tn cubic feet: EGAS
Indicators for the second well revealed larger reserves; six wells to be drilled in total at a cost of $100m each
Second-to-last stage for Solar Impulse 2
The solar plane has left Seville in Spain. Its next stop is Cairo, on a flight that is expected to take 50 hours. From Cairo, there will be only one more leg to Dubai – then the sun-powered world tour will be completed.
Greenpeace: German shift to green energy in ‘mortal danger’ from TTIP
As EU and US negotiators have begun a new round of talks on the TTIP free trade pact, Greenpeace has published leaked documents, saying they would show Germany’s drive toward renewable energy is in ‘mortal danger.’
Cabinet decides to extend electricity subsidy period over the weekend
Prices to be approved and applied mid-month
TAQA Arabia considers establishing new 50MW-capacity solar power plant
The company is also seeking to implement a similar power plant in Aswan
26 companies submit offers for Assiut power plant tender
AEDCO, Egemac, and Grid Solutions are the most prominent contenders for the transformers tender
Nigeria’s Avengers claim Niger Delta oil pipeline attacks
An oil pipeline belonging to the Italian oil company Agip came under several attacks in Nigeria’s oil-rich Bayelsa state. On Friday, the oil militants, the Niger Delta Avengers, claimed responsibility for the attacks.
Decline in oil prices causes $3.7bn decline in exports over 9 months: CBE
The global drop in oil prices has led to a decline in Egypt’s export proceeds by $3.7bn during the first nine months of fiscal year (FY) 2015/2016, according to the Central Bank of Egypt (CBE). In its balance of payments (BOP) report issued on Sunday, the CBE revealed that commodity exports have reached $13.4bn from …
Ministry of Electricity negotiates with four consulting firms to establish substations in Aswan
Payment of cost-sharing third instalment postponed until completion of contract with the consultant
Who pays for Germany’s nuclear phase-out?
Germany’s decision a few years ago to phase out nuclear power was an abrupt move. But it still remains unclear who foots the bill for shutting down the nation’s nuclear plants, as utilities seek damages from the state.
EETC demands solar power companies for third instalment of cost-sharing agreement
The cost-sharing agreement includes linking solar power plants with the national electricity grid, as well as the infrastructure of Banban area in Aswan.
Ministry of Petroleum negotiates supply of 12 LNG shipments with foreign companies
Two additional shipments will be imported monthly during H2 of 2016, says El Molla
Cabinet studies Ministry of Electricity’s suggestion to lift subsidies
The ministry will announce its final position within two weeks, say sources
EGAS submits global tender to rent a 3rd gasification vessel
Increasing the quantity of gas imports will meet the demands for economic development, says Petroleum Minister El-Molla
Egypt receives $650m worth of fuel from Saudi Arabia in May and June
Brent hike moves Aramco bill to $350m this month
GE agrees with Harbin to establish coal-fired power station for $8bn
Ministry of Electricity and Energy awaits cabinet’s approval to conclude signing of agreement to carry out first phase of project within two months
Shanghai Safbon Water Service looks to invest $1bn in Egypt
Safbon is planning to establish drinking water desalination and waste recycling plants in Kafr El-Sheikh, Fayoum, and Cairo
Solar Impulse 2 aircraft prepares to land in Spain after non-stop Atlantic flight
The solar-powered Solar Impulse aircraft is preparing for a landing in Spain after crossing the Atlantic Ocean. It is the latest stage in the record-setting, round-the-world, fuel-free voyage.
Shell targets drilling 33 wells in Badr El Din concession area in 2016/2017
Shell reduces number of new wells to 19 wells to develop gas production, 10 wells to inject water into, and 4 wells to explore for gas