Energy News
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Sixth Cairo Water Week opens with focus on sustainability, innovation
The sixth edition of Cairo Water Week kicked off on Sunday under the theme "Action on Adaptation in the Water Sector for Sustainability,".
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European gas prices rise on fears of pause in Egypt LNG exports
European gas prices have spiked steeply due to a complex of factors, including reports that Israel had stopped exporting natural gas to Egypt.
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Central Bank of Egypt’s gold holdings decline 2.8% in September
The gold holdings of the Central Bank of Egypt (CBE) declined by 2.8 percent to EGP 235.64 billion ($7.64 billion) in September from EGP 242.42 bn.
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Egypt's natural gas imports drop to zero from 800 mcfd - cabinet
Egypt’s natural gas imports fell to zero from 800 million cubic feet (mcf) per day, leading to more power cuts, the Egyptian cabinet said.
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Egypt Studies Plan to Export Green Electricity to ‘Europe’
The minister added that the climate challenges are accelerating, and this requires increasing investments in renewable energy.
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Gold prices in Egypt soar amid regional tensions, currency woes: Gold Bullion
Gold Bullion attributed the local gold price hikes to the anticipation of more escalation in the Middle East region.
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Geopolitical tensions propel natural gas prices to 8-month high
Natural gas prices experienced a significant surge to an eight-month high due to geopolitical tensions and uncertainty stemming from the war.
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Belgium's Demi Invests $3 Billion to Produce Green Hydrogen in Egypt
The Prime Minister affirmed the Egyptian government's readiness to provide all support to the project in order to facilitate the company's work.
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Al-Mashat leads high-level meeting on NWFE Program, pledges 10GW renewable energy implementation
Egypt's Minister of International Cooperation, Rania A. Al-Mashat, leads a high-level meeting on the Nexus of Water, Food, and Energy platform.
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EBRD Invests in Egyptian Copper Rod Manufacturing
The European Bank for Reconstruction and Development (EBRD) is providing a $50 million loan to United Metals Company (UMC).
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EIB pledges €1.3B to propel Egypt's green transformation
The European Investment Bank (EIB) mobilizes financing of €1.3 billion to support Egypt's green transformation, including $300 million for the government and €1 billion for the private sector.
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Infinity eyes 10GW of renewables by 2030
The acquisition of Lekela Power has allowed Infinity Power to benefit from the business’ renewable assets and pipeline.
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Central Bank of Egypt eases export rules for gold artefacts
The Central Bank of Egypt (CBE) revised the deadline for transferring the export proceeds of gold artefacts to banks from 7 days to 30 days.
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Egypt to build sustainable aviation fuel plant
Egyptian Oil Minister Tareq Al-Mulla discussed the possible partnership with Honeywell executives in Cairo.
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1.8-Gigawatt Benban Solar Farm In Egypt Can Power 1 Million Households
The largest solar park in Africa and the 4th largest solar farm globally, the park has an installed capacity of 1.8 GW.
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EBRD allocates $2 billion to finance green projects in Egypt during 2023
The European Bank for Reconstruction and Development (EBRD) has mobilized $2 billion to finance development projects in Egypt during 2023.
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FRA reviews progress of voluntary market for trading carbon certificates
Representatives from 35 companies engaged in activities related to carbon certificate trading were also in attendance.
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Centamin plans to increase Sukari's gold production by 15 percent until 2032
Global gold mining company Centamin announced a plan to increase the production of Egypt's Sukari mine by 14.74 percent to 506,000 ounces for 9 years.
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Enppi, OAPEC sign partner to enhance technical skills across petroleum sector
Enppi and OAPEC ink deal to share knowledge and training in the petroleum industry, boosting cooperation between Egyptian companies and international organizations.
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Petroleum Min. Discusses with "Honeywell" Production of Sustainable Aviation Fuels
The production capacity of the project is estimated at 120,000 tons annually of sustainable aviation fuel product.