Energy News
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Offshore Sinai oil production hits highest level since 2017
The production increase has generated a surplus of more than 10 barrels per day compared to previous levels and an additional cumulative production.
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Israel gas cuts force Egypt into emergency summer fuel imports
EGAS has reached an agreement with international suppliers to accelerate the arrival of 60% of the contracted volumes to this week.
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Alcazar Energy secures $420m deal to manage Egypt’s Gabal El Zeit wind farm
The agreements grant Alcazar the rights to invest in, operate, and manage the Red Sea facility through a newly established project company.
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Oil Ministry pushes for September FID on 3.7 tcf Aphrodite gas field
The government is pushing for a September final investment decision on the Aphrodite gas field ahead of a 15-year import contract.
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Why Egypt’s gold prices just plunged 4.8% and what it means for your savings
The report noted that 21-karat gold—the most heavily traded caliber in the Egyptian market—dropped by 4.8% over the past week.
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Egypt, UAE’s Al Nowais Ink 1,500 MWh Battery Storage Deal
Minister of Electricity and Renewable Energy, witnessed the signing of two agreements to establish separate Battery Energy Storage Systems(BESS).
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Young investors fuel Egypt’s digital gold boom: iSagha
Individuals under the age of 40 account for more than 80% of investors in Egypt’s gold funds.
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Who pays Egypt’s new gas tax?
It is a fiscal and compliance move that mainly affects companies involved in buying, selling, supplying, or accounting for natural gas.
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Egypt Cabinet Imposes VAT on Natural Gas, No Impact on Households
It is subject to a table tax of EGP 20 per 1,000 cubic feet. This comes as part of a wider plan to increase state revenues and widen the tax base.
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Egypt qualified to become energy hub linking Caspian region and Europe
Egypt is also planning to strengthen cooperation with Azerbaijan and Turkey and expand its mining and energy sectors.
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Sungrow commissions 1.4 MWp solar plant for Egypt’s desert oil facility
A 1.4 MWp solar plant at Egypt’s Esh El Mallaha oil facility will support desert operations with onsite PV power and Sungrow SG150CX inverters.
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Egypt, Turkey discuss expanding cooperation in energy, mining
This is following the decision by Turkish company OZ Mining to study gold exploration opportunities in Egypt’s Eastern Desert.
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Why our gas sector is leaning heavily on LNG imports
Natural gas imports jumped 36% y-o-y in 1Q 2026 as the country pivots to LNG to cover domestic demand and preserve its export hub ambitions.
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Israel reduces gas supplies to Egypt over Tamar, Leviathan ‘maintenance’
The government is preparing to add 1,800 megawatts of solar power to the national electricity grid in June 2026 to cut gas consumption.
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China’s Sany to Invest USD 300M in Egypt’s First Wind Turbine Factory
The facility will supply a planned 1,000 MW wind project in the Gulf of Suez while supporting Egypt’s push to localize renewable energy manufacturing.
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Egypt restructures climate framework to fast-track green fund capital
The committee reviewed recent developments related to the GCF in Egypt, including the outcomes of a recent fund mission to Cairo,
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Solar energy at the center of Egypt’s energy transition strategy
Projects under construction include Abydos 2 Solar Power Plant with a capacity of 1,000 MW.
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Egypt Pilot To Test Agrivoltaics For Arid Regions
A pilot agrivoltaic project is being developed as a research platform and scalable model for desert regeneration in water-scarce regions.
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A look into Egypt’s new wave of gas discoveries
While the headlines surrounding the discoveries are optimistic, the bigger picture is far more complex.
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Egypt marks record year for gas discoveries
Egypt’s recent Eni-linked gas finds have lifted hopes of an upstream revival, but analysts say import pressure is unlikely to ease soon.