Energy News
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Egypt to import LNG from Algeria
After Egypt's deal with Norway to construct regasification unit, it now makes deal with Algeria for LNG.
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NBAD, HSBC, NBE arrange $1.5 bln syndicated loan for state oil company
Each bank would arrange $500 million of the loan in order for Egypt to pay back foreign energy companies.
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Egypt to get €1bn EU donations to boost energy sector
Moran declared a main plan in Cairo over investments and technologies used in the energy field.
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Egypt pays back $2.5 billion deposit to Qatar: central bank official
The payment brings the amount Egypt has returned to Qatar to $6 billion, leaving $500 million outstanding.
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UAE's Dana Gas in talks with Egypt over revising gas prices
Cairo has begun negotiating with international energy firms including Italy's Eni and Germany's RWE DEA.
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Egypt in talks to import Cypriot natural gas
Gas can be piped directly to Egypt from the field off Cyprus' southern coast that is estimated to hold 3.6 trillion to 6 trillion cubic feet of the fossil fuel.
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Egypt should go green - but why?
Egypt's energy crisis does not only harm households but industries, which in turn reflects in poorer economic performance.
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Tamar gas group plans upgrade, including pipeline to Egypt
Tamar has been supplying Israel with natural gas since coming online last year.
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SacOil looks at Mozambique, Egypt
SacOil acquired the Lagia oil field on Egypt’s Sinai peninsula.
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Solar energy production falls by 48%: Baseera
Electricity from solar power totalled 247m KWh in 2012/13, compared to 479m KWh 2011/12.
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Naftogaz's oil and gas business in Egypt more revenue stream than energy source
Ukraine’s state energy company Naftogaz is finally reaping the rewards of his overseas prospecting ventures.
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Egypt spent $3 bln on fuel subsidies in the first quarter
The government cut energy subsidies in July, raising fuel prices by up to 78 percent.
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BP Egypt, partners to invest $240 million in Egyptian blocks
BP holds 50% interest in the Denise-Karawan (Deka) natural gas development offshore the Nile Delta, which started production in August.
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Citigroup says Persian Gulf aid for Egypt may wane on Oil
This could complicate plans by the government to issue as much as $1.5 billion of bonds next year.
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Egypt to repay debts to foreign oil firms within six months
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost three years of instability.
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Egypt's gas exports fall 81.4% in September
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.
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Egypt & Energy: What's the plan?
It is no secret: Egypt is facing an energy-crisis - have a look at the most important numbers and possible solutions.
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Egypt's cement firms overcome gas shortages by importing coal
The government has targeted energy-intensive cement companies for cutoffs while its priority has been to preserve gas for power generation.
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BP to invest $240m in Egypt through 2 new exploration blocks
The two exploration blocks was awarded to BP as a result of the 2013 EGAS bid round.