President Sisi ratifies the East Mediterranean Gas Forum (EMGF)
The final step to setting up the East Mediterranean Gas Forum (EMGF) and its Cairo HQ was cleared on Thursday after President Abdel Fattah El Sisi ratified its founding charter, per the Official Gazette. The regional organization officially came into being in March, after its founding members signed the charter in September last year. About the forum: Headquartered in Cairo, the forum […]
Egypt and UAE to set up JV for manufacturing dual-fuel trucks
Egypt, UAE to jointly assemble dual-fuel trucks: A joint venture between an Emirati industrial company and the Egyptian military will be set up to locally assemble pickup trucks equipped with dual-fuel engines capable of running on natural gas, the cabinet said in a statement on Monday. The Military Production Ministry will produce the vehicles with M Glory […]
Galileo’s equipment helps speed up deployment of CNG stations in Egypt
As the winner of an international tender, Galileo Technologies will supply Egypt with 500 CNG dispensers and 200 Microbox Core™ MX200 compressor packages. These will equip the service stations of NGVC and GASTEC, two partially state-owned NGV companies. The Ministry of Oil and Mineral Resources of Egypt seeks to make the country independent of liquid […]
GASCO gets $200 mn loan from 8 local banks for Western Desert Gas Complex expansion
GASCO gets USD 200 mn syndicated loan for facility expansion: A group of eight local banks led by the National Bank of Egypt have arranged a USD 200 mn (c. EGP 3.1 bn) syndicated loan for state-owned natural gas company GASCO, which plans to use the proceeds to finance expansions at its Western Desert Gas […]
Master Gas signs contract with Ostool to install dual-fuel engines in its fleet
Taqa Arabia’s Master Gas has signed a EGP 1.2 mn contract with shipping company Ostool to install dual-fuel engines in its fleet of over 250 vehicles, which would make the cars run on both diesel fuel and natural gas, according to a press release. (Source: Enterprise.press)
TAQA Arabia, National Bank of Egypt sign EGP 916mn financing contracts
Abou Elfotouh: “NBE strives hard to support projects that aim to maintain the State’s economic stability, by securing strategic commodities, including petroleum products.” Kafafi: “Throughout our expansion plan, TAQA Arabia seeks to reach 200 CNG stations by 2023.“ Mofeed: “TAQA Arabia values the fruitful cooperation with NBE; Egypt’s largest financial institution in digitizing our services […]
Lithuania’s Klaipėda LNG terminal receives first cargo from Egypt
Lithuania’s Klaipėda LNG terminal expects to receive approx. 138,000 cubic metres of LNG for the first time from Egypt. LNG carrier LNG Fukurokuju, built in 2016 and currently sailing under the flag of the Bahamas, is to deliver the cargo from Idku natural gas liquefaction plant in Egypt. The Lithuania LNG terminal, operated by KN […]
Siemens Energy & Turboden expand, decarbonize Egypt’s natgas network
Siemens Energy, together with Turboden, expands and decarbonizes Egypt’s natural gas transmission network. Siemens Energy, working with Turboden S.p.A., a Mitsubishi Heavy Industries Group Company, has started development on the GASCO Dahshour gas compressor station (GCS) in Egypt, which will increase gas compression by 25%, without further fuel consumption, while reducing CO2 emissions by 120’000 […]
Mubadala Petroleum to buy Delek’s 22% share in Tamar offshore gas field
Israel’s Delek moves to sell stake in Tamar to UAE’s Mubadala; One of the Israeli natgas fields Egypt imports from could be getting a new shareholder: Israel’s Tamar offshore field, which supplies Egypt with natural gas under a 2018 agreement, could be getting a new shareholder after Delek Drilling, one of the field’s owners, signed […]
Wintershall Dea announces gas production from WND’s Raven field offshore Egypt
Major milestone achieved with start-up of third phase of West Nile Delta project The fifth field in the offshore project, Raven will significantly boost production of WND Wintershall Dea and operator bp produce gas from Raven, the fifth field of the offshore West Nile Delta project. Currently, Raven’s gross production is approximately 600 million standard […]
