Latest in Tag: natural gas Highlight
Latest in Tag: natural gas
Suspension of gas supplies to Jordan and liquefaction factories leads to 75% decline in exports
Egypt has ceased exporting gas to Jordan several times this year due to the tense situation in Sinai and multiple explosions on the export pipeline
World Bank agrees to $500m Egypt loan for home gas delivery: Mehleb
Prime Minister Ibrahim Mehleb held talks with World Bank Group President Jim Yong Kim on how to use bank’s financing for development projects in Egypt
Sinai Cement begins preparations for coal usage
Company will link with local contractors and suppliers to equip factory for coal using capabilities
Petroleum companies operating in Egypt have reduced gas production: Ministry report
Delayed payment of debts to foreign partners threatens Egyptian gas production, says report
World Bank negotiating $500m loan for gas delivery to homes
Correction: Daily News Egypt is republishing this article because the World Bank was incorrectly said to have already approved the loan in the original article
Subsidy cuts a ‘very important step’: EU ambassador
EU ambassador to Egypt welcomes reduction of subsidies on petroleum products
Government needs more inclusive, transparent strategy towards subsidy cuts: Al Nour Party
Misr Al Qawia criticises decision, Al-Nour Party calls for transparency and improved methodology, while Socialist Popular Alliance proposes alternate
Fuel consumption rates stabilise in domestic market after implementation of price increases
This follows a surprise increase in consumption took place on Friday following the announcement that fuel prices would increase.
Government negotiating with foreign partners to adjust price of gas from $3 to $4 per 1m BTUs
Decreased gas production is result of slowdown in partners’ development and exploration of wells in light of increasing operation costs
Gas production rates decrease to 4.65bn cubic feet per day
The gas company cut 300m cubic feet of gas per day from cement factory consumption, from its estimated daily rate of 430m cubic feet.
Reducing energy subsidies is ‘good’ but may raise prices: Egyptian Steel chairman
Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes
Electricity theft, technical losses reach EGP 8bn annually: Ministry of Electricity
Ministries of Electricity and Petroleum have launched initiative to reduce 20% of electricity consumed annually and thereby decrease energy deficit
Government agencies owe Ministry of Petroleum over EGP 150bn
Debts owed to the Ministry of Petroleum by other government agencies decreased to approximately EGP 156bn at the end of March, compared to EGP 172bn in February, after the Ministry of Finance paid part of its debts
West struggles for winning formula on Russian sanctions
Some of the Western bankers, money managers and oil traders who help keep that money moving are unconvinced sanctions will have a truly significant effect.
Nile Delta natural gas well starts production
Field is part of the Disouq natural gas project in northern Egypt, operated by Germany’s RWE Dea oil and gas firm
Revenues from price hike in natural gas will finance its delivery to homes: Cabinet
Government says the new decision took into account needs of low-income citizens
Egypt to lift natural gas prices for homes, businesses
Price hike only affects users connected to gas grid, most citizens not connected to grid
Natural gas supplies to be temporarily reduced by 5%
A natural gas supply unit will stop working from 17 to 27 April, Ministry of Electricity says
Israeli gas holds promise of better ties with neighbours
Israel in talks with Egypt, Turkey on major gas export deals
Petroleum Ministry responds to reduction of natural gas supply to cement factories
Ministry says 77% of natural gas and diesel supply were delivered to cement factories in January and February
Dana Gas upgrades Egyptian plant to increase production
Improvements will boost output by 25%
EGAS reduces gas supplies to cement factories
Titan Cement Company vice president says reduction of gas caused 50% decrease in cement production
Natural gas delivery to homes registers a 30 years high
Chairman of EGAS attributes this increase to the accessibility of funding
Ismail inaugurates a project to supply Hurghada power station
Hurghada power station was converted to work with natural gas instead of subsidised diesel.
Petroleum Ministry signs agreement to explore oil in Gulf of Suez
The contract was signed with RWE and Dove Energy oil companies with a minimum of $22.5m in investments
New oil discovery in Western Desert
The new well discovered by IPR is expected to produce 12,000 barrels of light oil and 14 million cubic feet of natural gas per day
Realising Egypt’s gas potential
By Oxford Business Group The start of production at a concession in Egypt’s Nile Delta basin by a German firm has come as welcome news, an indication of the sizable potential offered by the country’s offshore blocks. With local consumption growing, the North African state is looking to balance the need to expand output to …
Minister of Petroleum signs nine agreements with $470m in investments
Agreements are the first to be signed since 2010
Second stage of smartcard programme in the works: petroleum minister
Second stage implementation will follow delivery of smartcards to citizens and data entry
Debt paralyses coal production
Egyptian Mineral Resources Authority calls for government forgiveness of coal mining debt