Egypt’s EGAS Launches Subsidiary in Saudi Arabia
Modern Gas Saudi Arabia will be 80% owned by EGAS.
Read the latest Archives of oil, gas and energy news.
Modern Gas Saudi Arabia will be 80% owned by EGAS.
Egas and BOTAŞ signed an agreement to increase natural gas and LNG trading and develop energy infrastructure.
Africa continues to hold immense natural gas potential and is positioned to not only increase its outputs but also capitalize on the underserved LNG market and meet Europe’s ongoing demand, writes NJ Ayuk, the Executive Chairman of the African Energy Chamber, as he explores the significant role natural gas will play in addressing energy poverty and accelerating industrialization in Africa while preparing the continent for decarbonization.
The gas discovery forms efforts by Shell to expand its presence within Egypt’s energy market.
Wintershall Dea and its license partners have produced first gas at the ED-2X ST1 well in the East Damanhur block, onshore Egypt.
Focused on increasing the share of gas in its energy mix, Egypt has awarded eight exploration licenses to global companies.
The Egyptian Natural Gas Holding Company signed eight exploration and research agreements.
The country has boosted output to 7.2 billion cubic feet per day within the fiscal year 2019-20.
The deal provides for the exploration of Nile Delta’s East Damanhour block.
The exports from Israel to Egypt are part of a $15 billion natural gas trade deal signed in 2018.