Company Insights Egyptian Natural Gas Holding Company Oil & Gas Egyptian Natural Gas Holding Company Overview The Egyptian Natural Gas Holding Company – Egas – is an Egyptian state-owned holding company. Egas owns and manages stakes in various gas projects and is responsible for issuing natural gas exploration licences in Egypt. It claims to connect 64 million Egyptian citizens to natural gas, which was first discovered in the country in the late 1960s. The company’s activities include prospecting, drilling, exploration and production development of natural gas. It also processes, transports and manages distribution in Egypt’s domestic market, as well as providing the associated marketing and managing facilities. In 2024 Egas launched a subsidiary in Saudi Arabia called Modern Gas. Other subsidiaries include Egyptian General Petroleum and Egyptian Petrochemicals Holding Company. Egyptian Natural Gas Holding Company News Oil & Gas Swathe of new oil and gas sites opened to bids in Egypt Egypt has invited international companies to bid to develop 13 new oil and gas sites in the Mediterranean Sea, the Gulf of Suez and the western desert as the country seeks to reverse a fall in natural gas production. The bids cover concessions that include seven undeveloped discoveries and six exploration areas, according to the […] March 4, 2025 Oil & Gas Egypt announces new Western Desert oil discovery Egypt’s Khalda Petroleum Company has made a new oil discovery in the Kalabsha Development Area of the Western Desert, as the country aims to overcome power shortages and stalling production levels. The discovery, 270 feet below the ground, will produce 7,165 barrels of oil per day with 23 million cubic feet of associated gas, according […] August 28, 2024 Oil & Gas Egypt pays $1.3bn arrears to foreign oil and gas companies Egypt cleared $1.3 billion of outstanding payments to foreign oil and gas companies operating in the country in June and has established a plan to reimburse the remaining dues within the next month, according to the government. The payment accounted for about 20 to 25 percent of the arrears owed to the companies, Prime Minister […] July 12, 2024 Oil & Gas Shell makes new natural gas discovery in Egypt Shell Egypt has discovered a new natural gas reservoir in the North East El-Amriya block in Egypt’s Mediterranean Sea. The company finished drilling the first well in its three-well exploration campaign, Mina West, located in the North East El-Amriya block, it said in a statement. Drilling was conducted at a water depth of 250 metres […] November 22, 2023 Energy Egypt set to resume LNG exports by October Egypt is planning to resume exports of liquefied natural gas (LNG) by October, according to petroleum minister Tarek El Molla. Summer exports of LNG increased last year because the government switched from using natural gas in power stations to mazut (heavy, low quality) fuel oil to bank on the higher natural gas prices, he said. […] July 20, 2023 Energy Texan energy firm expands Egyptian oil and gas footprint Apex International Energy has announced the acquisition of interests in four additional concessions in Egypt’s oil-producing Western Desert region. Purchased from IEOC Production, a unit of Italian energy firm Eni, the new concessions will increase Apex’s production capabilities by 65 percent — up to 11,500 barrels per day. Apex, who are based in Houston, Texas, […] January 10, 2023 Energy Egypt discovers five new gas fields State-owned Egyptian Natural Gas Holding Company (EGAS) has discovered five new gas fields in the Mediterranean sea and the Nile Delta, Egypt Today newspaper reported. The fields have a total reserve of about 317 billion cubic feet of gas, in addition to existing reserves of 471 billion cubic feet after drilling the Bashrush 3 well […] September 30, 2022 Posts navigation
Oil & Gas Swathe of new oil and gas sites opened to bids in Egypt Egypt has invited international companies to bid to develop 13 new oil and gas sites in the Mediterranean Sea, the Gulf of Suez and the western desert as the country seeks to reverse a fall in natural gas production. The bids cover concessions that include seven undeveloped discoveries and six exploration areas, according to the […] March 4, 2025
Oil & Gas Egypt announces new Western Desert oil discovery Egypt’s Khalda Petroleum Company has made a new oil discovery in the Kalabsha Development Area of the Western Desert, as the country aims to overcome power shortages and stalling production levels. The discovery, 270 feet below the ground, will produce 7,165 barrels of oil per day with 23 million cubic feet of associated gas, according […] August 28, 2024
Oil & Gas Egypt pays $1.3bn arrears to foreign oil and gas companies Egypt cleared $1.3 billion of outstanding payments to foreign oil and gas companies operating in the country in June and has established a plan to reimburse the remaining dues within the next month, according to the government. The payment accounted for about 20 to 25 percent of the arrears owed to the companies, Prime Minister […] July 12, 2024
Oil & Gas Shell makes new natural gas discovery in Egypt Shell Egypt has discovered a new natural gas reservoir in the North East El-Amriya block in Egypt’s Mediterranean Sea. The company finished drilling the first well in its three-well exploration campaign, Mina West, located in the North East El-Amriya block, it said in a statement. Drilling was conducted at a water depth of 250 metres […] November 22, 2023
Energy Egypt set to resume LNG exports by October Egypt is planning to resume exports of liquefied natural gas (LNG) by October, according to petroleum minister Tarek El Molla. Summer exports of LNG increased last year because the government switched from using natural gas in power stations to mazut (heavy, low quality) fuel oil to bank on the higher natural gas prices, he said. […] July 20, 2023
Energy Texan energy firm expands Egyptian oil and gas footprint Apex International Energy has announced the acquisition of interests in four additional concessions in Egypt’s oil-producing Western Desert region. Purchased from IEOC Production, a unit of Italian energy firm Eni, the new concessions will increase Apex’s production capabilities by 65 percent — up to 11,500 barrels per day. Apex, who are based in Houston, Texas, […] January 10, 2023
Energy Egypt discovers five new gas fields State-owned Egyptian Natural Gas Holding Company (EGAS) has discovered five new gas fields in the Mediterranean sea and the Nile Delta, Egypt Today newspaper reported. The fields have a total reserve of about 317 billion cubic feet of gas, in addition to existing reserves of 471 billion cubic feet after drilling the Bashrush 3 well […] September 30, 2022
