Natural Gas
Minister of Local Development and Environment Manal Awad announced the completion of the first and second phases of the national project to convert 2,262 buses operated by the Cairo and Alexandria Public Transport Authorities to natural gas. During these two phases, a total of 754 buses were converted from diesel to natural gas.
El-Sisi reviews plans to boost oil and gas output as Egypt expands horizontal drilling and hydraulic fracturing.
The newly discovered well, located in the Bed-15 development area, has been connected to the national production network immediately after testing.
675,000 new residential units were connected to the natural gas grid during the year, bringing the total number of connected units to 14.9 million since the launch of the program.
The facility, managed by GASCO, plays a crucial role in distributing gas nationwide and safeguarding supply to key sectors such as electricity generation, manufacturing, and residential use.
Finance Minister Ahmed Kouchouk noted that the initiative will not only offer an economical alternative to gasoline and diesel but also contribute to environmental sustainability. By switching to CNG, Egypt is expected to cut carbon dioxide emissions by 1.5 million tons annually, leading to improved air quality and a healthier environment.
For businesses located outside of the free zones, the cost of natural gas will still be calculated in Egyptian pounds.
Egyptian Prime Minister Mostafa Madbouly held a press conference Wednesday, where he addressed different concerns, especially Egypt’s stance regarding the Ethiopia’s announcement of completing the construction of the Grand Renaissance Dam (GERD).
Mohamed disclosed the allocation of five new regions for investing in the exploration of natural gas in the Mediterranean Sea and the Nile Delta, necessitating around $400 million.
The Egyptian General Petroleum Corporation (EGPC) granted the contract through a six-month deferred payment arrangement.
Soaring power demands and operational challenges have led to Egypt’s natural gas (NatGas) production levels to plummet to its lowest levels in over 6 years, according to data from the Joint Organizations Data Initiative (JODI)
The repayment schedule will follow a prearranged agreement between the government and its international partners
A total of 41 villages in Al-Husseiniyah Center in Al-Sharqiyah Governorate, in Delta, will be supplied with natural gas as part of the "Haya Karima" nation-wide developmental initiative.
"COP 27 in Sharm El Sheikh was a wonderful host and a step towards addressing climate change, accelerating energy transition, and contributing to the close partnership with Egypt in dealing with the energy sector,” Jørgensen stated.
MSMEDA also pumped LE 1.8 billion to enhance the automotive feeding and supply chain industries, according to its CEO.
Representatives from the Egyptian Natural Gas Holding Company (EGAS) and Jordan's National Electric Power Company (NEPCO) signed the first agreement
The EU received supplies from 27 countries, with the share of LNG exceeding that of natural gas delivered through pipelines for the first time.
The minister elaborated that Italy wants to establish an energy hub in Europe in cooperation with other Mediterranean states.
President Abdel Fatah al-Sisi met Sunday with Italian Minister of Foreign Affairs Antonio Tajani
This comes less than a week after the announcement of a gas discovery in Egypt by the German company Wintershall Dea, on Thursday, Jan. 12, in one of its concession areas in the Nile Delta.
