Energy News
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Officials: Militants blow up natural gas pipeline in Egypt
Egypt's state news agency MENA said the pipeline supplies natural gas to a power station and homes in el-Arish.
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Egypt extends Mediterranean gas exploration tender by two months
The foreign companies already exploring for oil and gas off Egypt's north coast include Italy's ENI and Britain's BP and BG.
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Diminishing conventional energy sources versus economy growth
By the rate of consumption of crude oil which is around 4.5bn tons per year from 2010, and which is growing every year, oil is expected to be depleted by the year 2050.
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Egypt to issue tender for $3 bn worth of LNG in June: Reuters
EGAS also signed deals with Russian Gazprom, Algerian Sonatrac and BP.
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Egypt permits private sector to import natural gas
Private companies will be allowed to import gas through state infrastructure.
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BP increases stake in Egypt gas field after DEA farm down
While the increased stake in the field offers BP a strong return of around 15 percent and important resources, the risk associated with Egypt remains high.
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Egypt confirms no rise in fuel prices
Egypt is to implement the long-planned smart card system for fuel at gas stations on 15 June.
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Egypt Gas loses EGP 17.3m in Q1 2015
The company witnessed a workers’ strike in April.
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Egyptians brace for dark summer despite authorities' pledge to solve power cuts
The government of President Abdel-Fattah El-Sisi has said it will put an end to the outages by adding 6 gigawatts of electricity to the national grid by the end of the calendar year.
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Egypt to see $30bn investment in coal industry by 2020: Minister
Egypt suffers from an energy shortage that has hit production in the manufacturing industry and leads to frequent power blackout.
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No access to subsidised fuel without smart cards: Official
The new system regulating fuel consumption will be enforced in mid-June.
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Technical studies for Cypriot gas imports to be finished by June
Private sector may participate in deal, Gas Utility Regulatory Authority will issue importing licences.
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Green energy could save Egypt’s economy
Egypt is going through a transitional period, which might be a unique opportunity to move toward sustainable development and adopt an inclusive green economy strategy to achieve social equity and protect the environment.
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Egypt’s non-oil private sector extends contraction in April: HSBC
Business conditions in Egypt’s non-oil private sector economy worsened driven by an ongoing decline in employment.
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Egypt issues tender for second LNG import terminal -gas board official
Egypt has struck a number of LNG supply deals, including a March agreement with Russia's Gazprom to import 35 cargoes of LNG.
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Mubarak era business tycoon offers LE4.6 bn for reconciliation with government
One of the most prominent cases against the business tycoon involves exporting natural gas to Israel below market rates, resulting in losses to Egypt.
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Access Power supports Egypt’s renewable energy future
Access Power MEA is involved in every aspect of energy supply, from development to operation, and holds multiple power assets across the Middle East and Africa.
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Beach Energy Sees Egypt Interest Spurring Deal in Coming Months
Beach Energy Ltd. is making progress in efforts to sell its oil and gas holdings in Egypt and seeking to sign a deal in the coming months as the Australian explorer hunts for acquisitions at home.
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Egypt's Sisi approves $500 mn World Bank loan to expand natural gas grid
Earlier this month, the government signed a $400 million loan with the Bank for a pension welfare project which currently benefits 1.5 million poor Egyptian families.
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Egyptian Billionaire Naguib Sawiris Makes $100 Million from Sale of Mining Company
With this acquisition, the Sudanese government now has full control and ownership of the mining firm.