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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).
Basic principles: promoting gas as a reliable, secure, clean source of energy. Attracting investment to the global natural gas market. Fair price for natural gas considering its energy efficiency and environmental benefits. As the outcome of the 5th Gas Exporting Countries Forum in Malabo The Declaration of Malabo was published. It stressed the ...
As of 2005, Egypt's reserves of natural gas are estimated at 66 trillion cubic feet (1.9 × 10 ^ 12 m 3), which are the third largest in Africa. [11] Egypt's production of natural gas was estimated at 2,000 billion cubic feet (57 × 10 ^ 9 m 3) in 2013, of which almost 1,900 billion cubic feet (54 × 10 ^ 9 m 3) was domestically consumed. [12]
Egypt and a consortium made up of energy companies Total of France and Italy’s Eni will next month sign a key agreement to transport natural gas from an undersea deposit inside Cypriot waters to ...
Put another way, energy stocks lost so much value that they represent just 4.1% of the S&P 500 stock index today, down from 12.3% in 2011. Energy investors got the growth they were after, with U.S ...
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).
According to the deal, gas from Israel will be brought via a pipeline to the LNG terminal on the Egypt's Mediterranean coast before being transported on tankers to the European shores. [12] Reports were afoot that Russia cut its exports to Europe on the same day "as a sign of displeasure at the deal signed in Cairo."
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