Egypt considers liberalizing natural gas prices for factories
Factories could see the prices they pay for natural gas change every 3-4 months if the government follows through on proposals to liberalize the market announced by Oil Minister Tarek El Molla yesterday. Policymakers are considering extending the automatic pricing mechanism currently in place for petroleum products to gas supplied to the industrial sector, the minister told […]
Wintershall Dea making significant progress in its innovative hydrogen and carbon capture and storage (CCS) projects
Wintershall Dea, Europe’s leading independent oil and gas company, is making significant progress in its innovative hydrogen and carbon capture and storage (CCS) projects in North-Western Europe. Wintershall Dea’s portfolio of CCS and hydrogen projects is a crucial part of implementing the company’s Energy Transition Pathway (ETP). With the Energy Transition Pathway, Wintershall Dea set […]
Suez Canal Authority to reduce discount for LNG carriers by 10%
LNG carriers crossing the Suez Canal will only be getting a 15% cut to transit fees starting 1 November, down from 25% previously, according to a circular the Suez Canal Authority released yesterday. The decision to effectively hike fees for LNG carriers comes amid the global shortage of natural gas, which has sent prices to a 13-year high last month, […]
Egypt to Reach Self-Sufficiency in Refined Oil Products by 2023 – El Molla to Bloomberg
Egypt to Produce Enough Energy to Meet its Needs by 2023. “We’re doing great in refined products,” says energy minister. Country is seeking to sell more LNG via long-term contracts. Egypt said it’s on target to produce enough fuel to cover its own needs by 2023. The country will reach its goal thanks to upgrades […]
Egypt to Host 8th IEF-IGU Ministerial Gas Forum in 2022
Egypt will host the 8th edition of the Ministerial Gas Forum co-organized by the International Energy Forum (IEF) and the International Gas Union (IGU) in 2022, it was announced today. The forum on natural gas will focus on the global economic recovery after the shock caused by the COVID-19 pandemic, and the sharp rise in natural gas […]
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)
