Latest in Tag: Gas Highlight
Latest in Tag: Gas
Government to import gas at $17 per million BTUs due to poor domestic gas production
EGAS seeks to encourage foreign partners to produce gas from Egyptian fields, company official said.
Talks terminate on creation of gas pipeline between Iraq, Jordan, and Egypt: Petroleum ministry
The goal was for the Iraqi gas line to supply Jordan with its fuel needs and provide for a portion of Egyptâs needs as well, or to transform gas to its liquid form in one of the factories operating in Egypt, which would then be exported.
Egypt ceases supplying gas to Jordan indefinitely: EGAS
The official noted that the contracted amounts of gas exports to Jordan are 255m cubic metres of gas daily.
EGAS says it is owed EGP 16bn by industrial sector
Debts owed to Egyptian gas holding company EGAS for quantities of gas obtained by the industrial sector reached EGP 16bn by the end of July, according to a senior company official. Factories were notified in February that gas supplies will be cut in the event of non-payment of debts, but no significant measures have been …
Civilian referred to military prosecution over skirmishes at military-run gas station
Military spokesman says he has no knowledge regarding the incident
Power stations boosting fuel consumption at expense of industrial sector: EGAS
Fuel station deficit worth 6m cubic metres of gas and equivalent daily
Ganoub El-Wadi proposes international tender for oil and gas exploration
Recent fuel price rise may provide incentive for investments in exploration in Egypt
Dues owed to foreign oil and gas companies reach $6.3bn in July
Dues owed to foreign oil companies reached a total of $6.3bn this July, compared to $6bn at the end of April, according to Tareq Al-Mula, president of the Egypt General Petroleum Corporation (EGPC). The government will pay at least $1.5bn of these receivables to these foreign companies by the end of the year 2014, according …
Egypt seeking to provide next payment tranche to foreign petroleum partners
Delays in payments have hindered development, exploration and production in oil fields
Unsustainable solutions to unsustainability
Subsidy reform was inevitable. Thatâs what President Abdel Fattah Al-Sisi and his supporters said this week when fuel prices were raised and taxes on some consumer goods were hiked. And they arenât wrong. The âsocial contractâ between the government and its people has clearly become unsustainable as deficits increased, especially over the past three years. …
Cement production to be impacted by energy cuts and higher fuel prices
The governmentâs decision to cut natural gas subsidies to factories followed shortly after the reduction of petroleum subsidies on Saturday.
âNo shameâ in Egypt using Israeli gas through British oil Company, after state’s approval: Petroleum minister
Egyptian government struggles to contain discontent of BG Group, which had to stop supplying Egyptian gas for export because of fuel shortage
100m cubic feet of gas to be added to gas production by the end of July
Production rates will not exceed 4.9bn cubic feet of gas until the end of this year, reflecting the continuing decline in the productivity of wells and small projects connected to the production line
Government unlikely to succeed in price control efforts: Former IMF official
Government cutting energy subsidies, preparing diesel and gasoline price increases, likely to exacerbate suffering of 26% of Egyptians under poverty line
EGAS halts pumping of gas to several fertiliser companies, methanol factory
MOPCO, AlexFert, and EBIC were among the affected firms, while Methanexâs Damietta plant has not received gas in over two weeks
Continued energy deficit amounts to 15m cubic metres daily: EGAS official
70% of Egypt’s gas production pumped to power stations through Ramadan, senior official says
16m metres of gas and equivalent electricity deficit during Ramadan
Citizens waste energy through lighting, air conditioning, and watching television: Mohammed Sobky
Egypt says BP gas project restarted, pledges to pay gas firm debts
Reuters – Egypt’s oil minister said on Thursday that BP’s $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades. In another move that could help improve investor confidence, Sherif Ismail also said Egypt would pay $1.5 billion of the …
Gas prices for foreign partners to be adjusted according to economic cost: Petroleum minister
âThe state will provide financial allocations to import gas for electricity through any possible means,â says Ismail
Factories demand government provide energy before discussing price increases
An official source at a cement company who preferred to remain anonymous said that he was âsurprisedâ at the governmentâs desire to raise gas prices for factories at a time when a gas shortage impacts their productive capacity.
Raising fuel prices increases corruption and burden on the poor: Petroleum expert
Government reduced allocations for petroleum subsidies to approximately EGP 104bn from EGP 134bn in 2013/2014, raising fuel prices in the local market, according to the proposed 2014/2015 budget
EGAS to offer limited international tender on gas for electricity imports
The tender will be awarded before the end of the year for the gas supply to begin in January 2015.
Egyptian gas to Jordan was never cut off: Egyptian Ambassador to Jordan
In an exclusive interview with Daily News Egypt, Egyptâs ambassador to Jordan outlines the strong ties between the two countries.
EGAS still awaiting $1bn from finance ministry to import gas for electricity: EGAS
EGAS has yet to sign with two oil companies to supply 12 shipments of LNG, due to the lack of necessary funds.
Timing âinappropriateâ for subsidies removal: Hotels chamber
Removing diesel subsidies from November onward would pose extra burden on already suffering tourism sector, says deputy chairman of Chambers of Hotels
EGP 3.69bn to be invested in petroleum by public sector companies for FY 2014/2015: EGPC president
The total amount of investments that are hoped to be collected from public sector companies amount to EGP 3.69bn for the 2014/2015 year, according to Al-Mula.
EGAS to cut 380m cubic feet of gas per day from fertiliser and cement factories
Daily production decline of 150m cubic feet of gas in Egypt, shortage of 11m metres of gas and equivalent for fuel needed for electricity
ECHEM postpones maintenance of GASCO until after Ramadan
Petrochemicals company delays routine maintenance in operations of the Egyptian Natural Gas Company (GASCO), which was scheduled to start on Saturday
3D geological modelling benefits include increasing oil, gas production: SUCO
Software depicts three-dimensional geological map for oil and gas reservoirs
Nuclear energy platform will see immediate start: Al-Sisi campaign
Al-Sisi’s electoral platform not limited to solving energy crisis with replacement of household light bulbs, which sparked wave of ridicule on social networking sites