Tag Archives: Egypt

Egypt is rolling the dice on black gold once again, announcing plans to drill 480 new exploratory oil wells over the next five years—an ambitious $5.7 billion wager that the country can claw its way back from years of production decline. The Petroleum Ministry laid out the plan this week, …

Egyptian Natural Gas Holding Company (EGAS), the state-owned gas firm, has asked its LNG suppliers to delay the delivery of at least 20 cargoes that it had to receive by the end of the year, anonymous sources familiar with the plans told Bloomberg, as Egypt struggles to anticipate actual gas …

QatarEnergy struck a deal with Shell to buy a 27% interest in the North Cleopatra offshore oil and gas block in Egypt, with Shell retaining 36% in the block. The deal is pending the approval of the Egyptian government. The Qatari state energy major has been expanding in Egypt alongside …

Shell has taken a final investment decision (FID) on the development of the Mina West offshore gas field in Egypt’s Mediterranean waters, a move aimed at alleviating the country’s widening domestic supply gap and reinforcing its integrated gas strategy. The announcement, made jointly with Kuwait Foreign Petroleum Exploration Company (KUFPEC), …

Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural gas supply is more expensive for the cash-strapped North African country. State-controlled Egyptian General Petroleum Corporation (EGPC) is looking to buy via a tender nearly 2 million tons of fuel oil …

Egypt is once again facing a resurgence of natural gas shortages, drawing headlines as the country enters the peak summer season. With soaring temperatures above 40°C expected in the coming months, electricity demand—driven largely by air conditioning—is putting intense pressure on the national grid. In response, the Cairo government is …

Egypt has played a leading role in the global energy market for several decades, as a major producer of both oil and gas, as well as a vital transportation hub for energy products. Despite disruptions, caused mainly by national political unrest and geopolitical challenges in recent years, Egypt remains a …

Egypt’s natural gas production has dropped to the lowest in more than six years just as a scorching summer boosts demand for the fuel. The North African nation’s output in May was near the weakest since February 2018, according to figures from the Joint Organisations Data Initiative. The decline is …

Construction of one of the world’s biggest wind farms in Egypt will begin by March 2026, a company involved said, as grueling power cuts during a broiling summer highlight the North African nation’s energy needs. The onshore megaproject that will cost more than $10 billion will begin generating electricity in …

Egypt aims to buy more liquefied natural gas shipments over the next four months as the nation aims to avoid a repeat of last year’s chronic blackouts. Egyptian Natural Gas Holding Co. is currently aiming to import at least one shipment a month through July or August, according to people …