Energy News
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Eni’s expansion plan to drill $160M gas wells in Egypt’s Zohr field in 2024
This significant increase in investment and the prospect of drilling new wells were discussed during the Eni delegation’s visit to Egypt.
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Egypt Approves $200 Million in Energy Projects
The agreements included a draft commitment agreement to search for and exploit gas and crude oil in the North Port Fouad offshore area.
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Get to know Egypt's 8 policies to diversify energy mix
The policies aim at achieving optimal exploitation of Egypt's natural resources of traditional energy in addition to renewable and clean energies.
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Military production, environment ministers discuss cooperation in waste
The meeting took place at the General Office of the Ministry of Military Production in the government district of the New Administrative Capital.
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Cabinet approves five $200M energy agreements with local, intl. companies
The approval of these agreements is expected to contribute to Egypt's efforts to increase its oil and gas reserves and production.
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Egypt's Fuel Subsidy Bill Drops by 69%
Over the past three years, Egypt has phased out subsidies on most fuel products as part of an IMF-backed economic reform program.
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Egyptian Petroleum Minister holds talks on strategies to boost oil, gas output
The meeting, held at the ministry’s headquarters in the New Administrative Capital, focused on addressing challenges in the sector.
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Egypt receives 2 gas shipments out of 21
Egypt has received two international shipments of natural gas out of 21 contracted cargoes as part of the country's urgent plan to end power outages.
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Egypt Receives First of 21 LNG Shipments
By the third week of July, things will be in order and the national gas network’s stock will be sufficient, Abdel Aziz noted.
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Yara Clean Ammonia, Scatec, ECHEM and MOPCO sign Heads of Terms for renewable ammonia
The sponsors will develop and build up to 480 MW of renewable energy and an up to 240 MW electrolyser facility for production of renewable hydrogen.
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Commercial operation of Kom Ombo solar power station in Egypt now underway
The station is located in the Kom Ombo region in Aswan, the financial impact of operating the station is to begin during the third quarter of 2024.
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Egypt's New Electricity Min. to Focus on New, Renewable Energy
The focus will be on new and renewable energy, to achieve added value and provide stable energy in the national grid.
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Five Egyptian companies plan forming a consortium to import liquefied ethane gas
Five Egyptian companies announced plans to form a consortium with a capital of $663 million to import liquefied ethane gas (Shale gas).
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Egypt Leads Arab Countries with 32 Green Hydrogen Projects
The minister said that Egypt has an integrated strategy to localize the industry, production and export of green hydrogen in the SCEZ.
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Egypt’s consortium to import US shale gas, addressing natural gas shortage
Sidi Kerir is one of several major companies in the fertilisers and chemicals sector that had to halt production after suffering from gas shortage.
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TAQA Arabia, Voltalia Sign Renewable Energy-Green Hydrogen Framework Agreement
The project will be implemented in two identical phases, each comprising a 500 MW electrolyzer powered by more than 1.3 GW of solar and wind energy.
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Egypt looking to raise target for renewable energy to 58% by 2040
Shaker told an Egypt-EU investment conference that the government hoped to publish the new strategy in the next two to three months.
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Egypt signs 4 agreements worth $33B to establish green ammonia projects in SCZone
Egypt has secured agreements worth $33 billion for 4 green ammonia projects during the 2nd day of the Egypt-EU Investment Conference.
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Egypt addresses energy shortages with ambitious construction of 10 Gigawatts of wind power in 2026
This ambitious project, which will be one of the largest in the world, is expected to generate a substantial 10 gigawatts of energy in 2032.
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Natural gas shortage drives 54 percent surge in Egyptian fertilizer prices
Month-on-month prices reached up to $416.57 per ton in June, compared to $270.83 per ton previously.