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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.
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).
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.
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The Egyptian General Petroleum Corporation (EGPC) (Arabic: الهيئة المصرية العامة للبترول) is a national oil company of Egypt. EGPC's business includes crude oil exploration, refining, and storage. The company also produces lubricants and greases and offers services for oil and gas projects. [1]
Gasco may refer to: GASCO, an Abu Dhabi gas company; GasCo, a subsidiary of Dynegy; Egyptian Natural Gas Company; FC Gasco, a Somali football club; Gasco FC, an Egyptian football club; see 2014–15 Zamalek SC season; General Aviation Safety Council (GASCo), a UK general aviation organization; see Guild of Air Traffic Control Officers
The discovery of the Zohr gas field in 2015 marked a major milestone in Egypt’s energy sector. Located 190 km north of Port Said in the Shorouk Block, Zohr was discovered by the Italian oil giant Eni, holding an estimated 30 trillion cubic feet of natural gas across 100 square kilometers. [25]