Energy News
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Egypt pays $2.1bln to foreign energy firms, still owes $3.1 bln
The payment was the third batch to energy firms in the past year, though the government still owes $3.1 billion.
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Can Shale survive in Egypt?
Alongside Apache and Shell Egypt, Cairo will pursue the country’s first shale extraction project.
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Egypt and Algeria to sign gas import agreement
Egypt will import 6 cargoes of LNG from Algeria between April and September.
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Where will Egypt go as oil prices fall?
International oil prices are heavily declining in the Fiscal Year of 2014/2015 – how is Egypt affected economically?
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Lower oil price ‘double-edged sword’ for Egypt
If oil prices remain low, it is likely that its Gulf patrons will be forced to reduce some of their funding.
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Global LNG prices hold steady despite Egypt large tender
The LNG market has been slowly declining since September as energy prices generally have been hit by a slide in oil.
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Israel Gas deals with Egypt, Turkey will happen, U.S. envoy says
Hochstein says new energy ties in the Middle East will help alleviate some of those diplomatic tensions.
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Sardinia-Lebanon-Egypt project for green energy in farming
Agriculture, renewable energy, and jobs are the focus of the Green Energy for Green Companies project presented on Thursday in Cagliari.
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Egypt signs first gas fracking contract with Apache, Shell
The project will require horizontal drilling and hydraulic fracturing, which is the same as the shale gas production method used in the US.
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Israel monopolises gas find on Egypt border
Israeli gas companies announced on Sunday details of a new gas find in the Mediterranean off the Israeli coast.
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Egypt to pass mining and industrial land laws next week -minister
Investors say they have still only seen the general outlines of promised legal and bureaucratic reforms.
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Pipeline owner denies role in Egypt-Israel gas deal
Reports said Eastern Mediterranean Gas would be conduit to direct gas from Israeli offshore gas field to Egypt.
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Egypt to launch tender for second LNG import terminal: Source
Egypt to buy a second LNG regasification floating unit to be able to import gas.
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BP to invest $12B in Egypt over five years
BP is committed to unlock Egypt’s oil and gas potential and gradually double its gas supply during this decade.
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Saudi Shaheen Group invests EGP 500m in Egypt
Group Chairman says these investments will be directed to agricultural and solar projects.
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Egypt, EU sign agreement on combating industrial pollution
The total cost of the third phase reaches €150 million to which the European Investment Bank Group will contribute €70 million.
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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.