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Egyptian Natural Gas Company (GASCO) is a subsidiary of the Egyptian Natural Gas Holding Company, operating in the field of natural gas transmission, distribution and processing. The company was established in March 1997. GASCO operates the gas grid with total length of 22,000 kilometres (14,000 mi).
In December 2024, Egyptian authorities agreed to accelerate the divestment of state-owned companies to secure a $1.2 billion package from the IMF to improve macroeconomic stability. [ 2 ] The following is a list of key state-owned enterprises in Egypt, and a number of their subsidiaries.
The diameter of the pipeline is 36 inches (910 mm) and has a capacity of 10.3 billion cubic metres (360 billion cubic feet) of natural gas per year. [4] The Egyptian consortium that developed this section included EGAS, ENPPI, PETROGET and the Egyptian Natural Gas Company (GASCO).
In this article, we will take a look at 15 of the biggest Egyptian companies. If you want to see more of the biggest Egyptian companies in the world, go directly to 5 Biggest Egyptian Companies.
Gas import started in April 2015, supplying to the national gas grid after the regasification with quantity of 30 billion cubic feet (850 million cubic metres). [4] In 2012/2013, total net gas production in Egypt reached 2.26 trillion cubic feet per annum (64 billion cubic metres per annum).
Egypt Post; EgyptAir; Egyptian National Railways; EGPC; ERTU; EGAS [1] Egyptian Media Production City; Egyptian Natural Gas Company; Egyptian Electricity Holding Company; Egyptian Exchange; Egyptian Commodities Exchange
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
Natural gas stocks offer relative stability in volatile energy markets. Explore 10 of the best natural gas stocks to invest in now.