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Tag: European Union

EGAS, Snam sign MoU for natural gas infrastructure

Posted: April 26, 2018 at 4:21 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Co. (EGAS) signed on Monday a memorandum of understanding with Italy’s Snam – a leading gas utility in Europe – to cooperate in the field of comprehensive management of natural gas infrastructure. The memo was inked on the fringe of the EU-Egypt Sustainable Energy Business Forum which was launched in […]

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Egypt, EU sign Memorandum of Understanding for energy cooperation

Posted: April 24, 2018 at 1:25 pm   /   Electricity & Power, Renewables

Egypt and the European Union continue to share strong bilateral energy relations as well as an understanding of the opportunities and challenges facing the region. Partnership in the energy sector comes on top of the areas of common interest between Egypt and the EU in view of its importance as a driver of economic growth […]

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Charles Elinas: Egypt has the advantage in exporting natural gas to Europe

Posted: January 29, 2018 at 3:27 pm   /   Oil & Gas

Price, not politics, stymying East Med gas. By Charles Ellinas. The greatest problem making exports of East Med gas, especially from Cyprus and Israel, challenging and difficult, is not political risk, but commercial due to the low global gas prices. You experience political risk when you reach the point of selling. If the prospect of […]

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Egypt to build MENA's largest wind farm in the Gulf of Suez

Posted: January 4, 2018 at 1:23 pm   /   Renewables

In an effort to boost renewable energy in Egypt and establish Egypt as a leading player in environmental development, the Ministry of Electricity and Renewable Energy initiated a 5 billion pounds project to build the largest wind farm in the Middle East, located in the Gulf of Suez, funding the project through investments of several […]

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El Molla: Egypt to capitalize on world demand for oil & gas storage, trading

Posted: December 20, 2017 at 1:39 pm   /   Oil & Gas

Egypt aims to be a regional hub for oil and gas trading, Petroleum Minister Tarek El Molla said at an energy conference on Monday. Egypt is working on infrastructure investments that will transform it into a regional hub for oil and gas trading, capitalizing on the needs of various companies to store their petroleum products, […]

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El Molla discusses East Med – Europe gas pipelines with EU Energy Commissioner

Posted: December 6, 2017 at 12:39 pm   /   Oil & Gas

Oil Minister Tarek El Molla discussed increasing energy cooperation with EU Energy Commissioner Miguel Arias Cañete in Brussels yesterday, Al Masry Al Youm reports. Talks included the potential extension of natural gas pipelines between Egypt and Europe, which would see gas sent to liquefaction plants in Egypt before it’s re-exported. Cañete said he would lead […]

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El Molla in Brussels to discuss energy cooperation with Belgian, EU officials

Posted: December 4, 2017 at 2:20 pm   /   Oil & Gas

Oil Minister Tarek El Molla arrived yesterday in Belgium to discuss energy cooperation with a number of European Commission and European Investment Bank officials, Egypt’s ambassador in Brussels Khaled El Bakly tells Al Masry Al Youm. El Molla is also scheduled to meet with representatives from Belgian companies keen on cooperating with Egypt in the […]

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Egypt says newly discovered East Med gas can be EU's new energy source

Posted: November 21, 2017 at 3:43 pm   /   Oil & Gas

Newly discovered gas deposits in the eastern Mediterranean can offer Europe the alternative sources of energy that it’s searching for, Egypt’s president said Monday. President Abdel-Fattah el-Sisi said that Europe can take advantage of the proximity of both Egypt and Cyprus to the continent in that energy search. “These gas discoveries can contribute to the […]

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