Energy News
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Egypt Accelerates Construction of First Nuclear Power Plant
Rosatom CEO Likhachev praised Egypt’s efforts to expedite the project, highlighting the long-standing cooperation between the two nations.
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Toyota Tsusho-led group to expand wind park in Egypt to 654 MW
Gulf of Suez Wind Farm II is owned by the Toyota Tsusho Group (40%), Engie SA (35%), and Orascom Construction Plc (25%).
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Egypt Increased Gas, Oil Production in Q3 of 2024
Badawi explained that the Ministry is working to attract more investments in the oil and gas sector, both local and international.
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Egypt in talks with foreign companies over long-term LNG purchases
Egypt is buying dozens of cargoes this year and abandoning plans to become a supplier to Europe amid a steep decline in domestic gas output.
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Egypt intends to convert vehicles to run on natural gas
He highlighted the cost efficiency of natural gas compared to traditional fuels, its environmental benefits, and its increased availability.
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Egypt’s petroleum sector sees growth with new projects & investments
Egypt has also unveiled new opportunities through its Digital Exploration Portal and partnered with global firms to reduce production costs.
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Minister of Environment to co-lead climate finance talks at COP29 in Baku
Fouad highlighted her commitment to focusing on the financial needs of developing nations and those most vulnerable to the impacts of climate change.
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JBIC interested in funding Japanese green hydrogen projects in Egypt
The funding would be provided either directly or through partnerships with Arab funds operating in Egypt.
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Gold suffers worst weekly drop in 3 years
Gold prices plunged significantly, losing more than $220 from its all-time high recorded last month.
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Egypt aims to boost mining sector’s GDP share from 1% to 6%
The mining sector aims to increase its contribution to Egypt’s Gross Domestic Product (GDP) from the current 1% to 5-6%.
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Egypt reiterates 42 percent renewable energy target for 2030
As of July 2024, solar, wind, and hydropower make up 11.5 percent of Egypt's electricity generation.
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All about Aton Resources’ new gold processing plant
In sum, Aton Resources is not only advancing gold mining in Egypt but also redefining what responsible mining could look like in the 21st century.
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Egypt’s mega desalination project: a bold step toward water security
Egypt has unveiled a major desalination initiative designed to counteract water scarcity as climate change and population growth pressure.
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5 key facts about Egypt’s 5.2 GW new renewable energy project
Egypt signed agreements with Alcazar Energy and the Voltalia-Arabia alliance to develop 5.2 GW of renewable energy.
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Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
The contract will commence immediately upon the conclusion of the current contract in the fourth quarter of 2024.
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Egypt's aims to boost mining sector contribution to 5-6% of GDP
The minister emphasized Egypt’s goal to transform its mining sector, noting its current contribution of approximately 1 percent to the national GDP.
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Egypt reaffirms 42% renewable energy goal for 2030
Last year, Egypt faced prolonged power outages as natural gas production was hit by financial constraints and declining local extraction.
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France cooperates with Egypt in energy transition for more than 10 years
France is supporting energy transition in Egypt to meet its ambitious goal to generate 42 percent of clean energy by 2030.
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Egypt to receive 8 LNG shipments in November to meet domestic gas demand
To ensure supply stability during peak winter demand, additional LNG shipments may be received if needed.
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Egypt's PM urges stronger global support for climate mitigation at COP29
In a roundtable on energy and climate change mitigation, Egypt emphasized its target of 42% renewable energy in its energy mix by 2030.