Egyptian Natural Gas Holding Company (EGAS)
Typestate-owned
IndustryOil and gas
Founded2001 (2001)
Headquarters
Nasr City, Cairo
,
Egypt
Key people
Magdy Galal (Chairman)[1]
OwnerEgyptian General Petroleum Corporation (EGPC)
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.

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 March 2017 Egyptian Oil Minister Tarek al-Molla replaced the Chairman of EGAS Osama Wafik El-Bakly, by Dr Magdy Galal. [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. ↑ "Chairman & CEO | EGAS".


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