Energy News
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Egypt Boosts Energy Future with 40 New Oil and Gas Discoveries
Egypt announces 40 new oil and gas discoveries, adding 42 million barrels of oil and 1.3 trillion cubic feet of gas to reserves.
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Egypt expands irrigation education and hyacinth recycling to boost green economy
A high-level meeting outlined the roadmap for establishing a new generation of technical schools focused on irrigation and water resource management.
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Egypt Greenlights Private Sector Renewable Projects in $388M Move Toward Energy Market Reform
The electricity will be transmitted through the national grid by the Egyptian Electricity Transmission Company, which will receive a transmission fee.
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Egypt receives 2nd floating regasification unit for boosting summer supplies
In June, Prime Minister Mostafa Madbouly said the government would spend $1.18 billion on gas imports to cover summer shortfalls.
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$25B of US investment in Egypt, mostly petroleum sector
He explained that the U.S. presence in the Egyptian market is not new, but rather an extension of decades of successful partnerships.
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Borna to Invest $40mn for Natural Gas Separation, Carbon Capture Facility in Egypt
Canada's Borna plans a $40M facility in Egypt to recover flared gas and implement carbon capture, aiding emission cuts and boosting energy efficiency.
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Egypt in talks to buy 40-60 LNG cargoes this year amid record energy crunch
Facing declining gas production and summer demand, Egypt plans to import 40–60 LNG cargoes, potentially spending $3B to avert blackouts.
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Misr Phosphate Net Sales Reach EGP 7.9B in 2024
Abdel Azim noted that the company is carrying out numerous production and marketing operations to achieve its main targets.
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Egypt and Qatar strengthen energy ties amid growing gas deficit
The Egyptian government seeks to secure long-term supplies through Qatari imports and new partnerships to explore strategic fields.
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Egypt Turns to Oil for Power Generation Due to High Gas Prices
Egypt shifts to oil-based power due to high gas prices, raising concerns over costs, emissions, and long-term energy strategy.
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Egypt expands Sukari Gold Mine operations as part of national mining strategy
The Cabinet’s Media Center described the Sukari Gold Mine as one of the largest gold mines in the world.
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Russia and Egypt discuss construction of LNG terminals for Cairo
Russian Industry and Trade Minister Anton Alikhanov was cited by state news agencies as saying on Wednesday.
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Egypt and AfDB sign deal to expand Abu Rawash Water Treatment Plant
This phase will increase the plant’s treatment capacity from 1.6 million to 2 million cubic meters per day.
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PM follows up on initiative to convert cars to run on natural gas
This move is part of the state’s efforts to promote the use of clean and renewable energy sources and to meet critical environmental standards.
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Egypt to Boost LNG Import Capacity with New 10-Year Höegh Agreement
The new FSRU will replace the currently operating Höegh Galleon, Egypt’s only active LNG import terminal.
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Egypt in discussions with Qatar to secure long-term natural gas contracts
Egypt is discussing with Qatar the possibility of securing natural gas supplies from the Gulf nation through long-term contracts to meet its needs.
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EBRD provides $30 mln for Scatec’s Obelisk solar power project in Egypt
The European Bank for Reconstruction and Development (EBRD) has committed $30 million in equity bridge financing to Egypt’s Obelisk Solar Power.
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EBRD backs Egypt’s first solar and battery storage project
EBRD project falls under Egypt’s Nexus on Water, Food and Energy programme and is expected to reduce CO2 emissions by 1.3 million tonnes per year.
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Egypt offers payouts after faulty fuel confirmed at petrol stations
The Ministry of Petroleum offers up to EGP 2,000 compensation as quality tests uncover five non-compliant gasoline samples across multiple governorate
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Egypt Sets New Record with $3.2 Billion in Gold Exports in Early 2025
January saw $929.5 million in exports, followed by an exceptional $1.804 billion in February.