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The country generates most of its electricity from burning natural gas. Egypt's petroleum ministry said in July that gas production was 5.7 billion cubic feet per day, according to the state news ...
The deal, stamped in an upscale Cairo hotel, will see Israel send more gas via Egypt, which has facilities to liquify it for export by sea, European Commission chief Ursula von der Leyen said.
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."
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]
Israel became a major energy exporter for the first time on Monday after signing a permit to export natural gas to Egypt. The announcement comes just days before a lucrative Israeli gas field in ...
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).
Prime Minister of Turkey Recep Tayyip Erdoğan has urged Egypt to export natural gas to Europe via the Nabucco pipeline. [73] Iran has also proposed to supply gas to Nabucco pipeline and this was backed by Turkey; however, due to the political conditions this is rejected by the EU and the United States. [7] [8] [74] [75]
The Egyptian Natural Gas Holding Company (EGAS) is an Egyptian state-owned holding company, which owns and manages state stakes in different gas project. The company was established in August 2001. [2] EGAS is also responsible for issuing of natural gas exploration licenses in Egypt. [3]