Energy News
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Egypt considers localising electrolyser manufacturing
Other companies represented at the meeting include Norway's Scatec which has renewable energy and hydrogen projects in Egypt.
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LNG pressures drive FX liquidity concerns
Market focus has shifted from tourism, Suez Canal revenues to declining FX proceeds from LNG exports.
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Renewable energy to supply 42% of energy mix in Egypt by 2040
Esmat noted that Egypt’s strategy focuses on efficiently managing its natural resources while reducing carbon emissions and promoting green energy.
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BP, ADNOC plan to expand natural gas exploration in Egypt
The bidding process aligns with the ministry's strategy to attract fresh investments to Egypt, emphasizing the exploitation of promising opportunities
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Global south secures less than 15% of investments in renewable energy
The global south, representing 65 percent of the world's population, secures less than 15 percent of renewable energy investments.
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Egypt pays $1,2 billion in back payments to foreign oil companies
Three officials told Asharq that Egypt's efforts to pay arrears to foreign oil companies come at a time when it is trying to increase natural gas.
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Egypt NWFE programme is model for green economy transformation
US Special Presidential Envoy for Climate John Kerry said that Egypt's Nexus of Water, Food and Energy (NWFE) programme is a model for initiatives.
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Ganope drills 9 wells with investments of $40 in FY2023/2024
The company also extracted 2,200 million cubic feet of associated gas, fortifying the proven reserves to 185 million barrels of crude oil.
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EGAS head highlights 11 new agreements in sector worth $925M
In terms of production, the assembly revealed that 19 new gas wells have been added to the production map, with an investment of $613 million.
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Egypt strikes new deal with Israel to increase gas imports by 20 percent
Despite aiming to become an energy 'hub' in the wake of discovering its vast gas reserves, Egypt has become increasingly dependent on gas imports.
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Applications Open for 6,200 Jobs in Egypt’s Dabaa Nuclear Project
The Dabaa nuclear power plant project is on track, with expectations that 30 percent of the work will be completed by year’s end.
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Mauritian delegation in talks with Egypt on establishing e-waste recycling project
Co-founder of Greentech Group Basil Botha said a Mauritian delegation is in discussions with Egypt to establish an electronic waste recycling project.
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Nestlé, EEA & engazaat to Create Platform for Green Startups in Egypt
The platform will promote environmental awareness, encouraging businesses to adopt clean technologies and green supply chains.
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Egypt raises prices of butane gas cylinders by 33-50%
The Ministry of Petroleum and Mineral Resources has raised the prices of butane gas cylinders for domestic and commercial uses to EGP 150 and EGP 200.
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EGPC acquires 20 shipments of LNG for $907M to meet domestic needs
The procurement deal involves a unique six-month deferred payment structure.
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Egyptians invest EGP 925 mln in gold investment funds
A total of 131,000 Egyptians have invested in state gold investment funds, totalling EGP 925 million since their launch.
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Egypt signs MoU with Hungary to collaborate on nuclear reactor technology
Located in the Matrouh governorate in northwestern Egypt, the Dabaa plant stands as the country's inaugural nuclear power facility.
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Consortium Expands Wind Farm Capacity in Egypt to 650 Megawatts
The plant’s first phase, with a capacity of 250 megawatts, is scheduled to be online in December 2024.
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Egypt, US mull ways to boost oil cooperation
The two sides discussed the ways to cement oil-linked cooperation between Cairo and Washington.
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AMEA Power to develop largest solar photovoltaic (PV) project in Egypt
AMEA Power will invest an additional $800 million in two major renewable energy projects in Egypt.