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Egyptian Natural Gas Holding Company

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Egyptian Natural Gas Holding Company (EGAS)
Company typestate-owned
IndustryOil and gas
Founded2001; 23 years ago (2001)
Headquarters
Nasr City, Cairo
,
Egypt
Key people
Mohamed Ali al-Masry (Chairman)[1]
OwnerMinistry of Petroleum
Websitewww.egas.com.eg

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]

Operations

In 2014/2015, EGAS signed six agreements, of them three offshore areas in Mediterranean Sea and three onshore areas in Nile Delta. In February 2015, a bidding for twelve offshore blocks in Mediterranean Sea was announced.[citation needed]

In 2014/2015, gas production reached about 1.65 trillion cubic feet per annum (47 billion cubic metres per annum) and total local consumption of natural gas reached 1.66 trillion cubic feet per annum (47 billion cubic metres per annum). 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).[5][6]

Corporate affairs

In April 2016 Egyptian Oil Minister Tarek al-Molla replaced the Chairman of EGAS Khaled Abdel Badie by Mohamed Ali al-Masry who previously took place of the chairman of Egypt EPGC company.[7]

See also

References

  1. ^ Egypt replaces heads of state oil and gas companies
  2. ^ "EGAS". egas.com.eg. Retrieved 2017-09-07.
  3. ^ "EGAS hands out exploration spoils". Upstream Online. 16 February 2010. Retrieved 17 June 2010.
  4. ^ EGAS Annual Report for FY 2014-2015
  5. ^ "EGAS". egas.com.eg. Retrieved 2017-09-07.
  6. ^ EGAS Annual Report for FY 2014-2015
  7. ^ Egypt replaces heads of state oil and gas companies
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