CAIRO: The Egyptian Natural Gas Holding Company (EGAS) announced that 74 shipments of natural gas that will power two years worth of electricity in Egypt will begin arriving in April, Youm7 reported Tuesday.
EGAS head Khaled Abdel Aziz told Youm7 he has met with the four winning companies of its tender from among seven global suppliers to supply 500 million cubic feet of gas.
On Jan. 24, the Ministry of Petroleum announced that four international companies had won EGAS’s tender and that EGAS had finished its technical and financial evaluation.
In March 2014, EGAS announced finalizing the procedures of gas importation and finding solutions for issues related to the import process. The sector is reportedly looking to raise oil and gas production after it dropped to 147.2 million cubic meters per day early 2014, compared to 152.9 million cubic meters per day in November 2013.