The White House on Tuesday said it had ordered 50 million barrels of oil released from the strategic reserve to bring down energy costs, in coordination with other countries including China.
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Egypt prioritises projects localising the producion of green hydrogen, especially after the selection of Sharm El-Sheikh to host the UN Climate Change Conference in 2022 (COP27), Prime Minister Mostafa Madbouy said in a meeting on Thursday.
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The European Bank for Reconstruction and Development (EBRD) considers extending $100 million to Egypt’s national bank Banque Misr for the sake of accelerating climate action efforts in the country.
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Egypt hosted the 30th edition of Energy Egypt – formerly known as ELECTRIX – which brings together energy producers and suppliers to showcase new technologies, innovative solutions, and potentials in the Egyptian market for energy sector investors.
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The Egyptian government is currently considering applying an automatic pricing mechanism similar to the one being used for fuel pricing on natural gas in the domestic market, Minister of Petroleum and Mineral Resources Tarek El-Molla announced on Sunday.
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Global energy prices are expected to soften in 2022 as the current market dislocation issues are predicted to be resolved soon, Moody’s said on Monday.
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Italian energy group Eni made three oil and gas discoveries in Egypt's western desert with reserves amounting to about 50 million barrels of oil equivalent, Egypt's Petroleum Ministry announced on Tuesday.
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Egypt's Arab Organisation for Industrialisation (AOI) set up a solar energy plant in Uganda's Tororo district, a photovoltaic power station with a capacity of 4MW.
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Greece pledged Tuesday to link Egypt to the European Union's energy market with an undersea cable that would carry electricity across the Mediterranean.
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Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can't find fertilizer, made using natural gas. And fears are rising that Europe will have to ration electricity if it's a cold winter.
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Cyprus considers establishing a pipeline with Egypt to transfer natural gas to the Egyptian gas liquifying plants where gas would be liquefied for export aboard ships, according to Cyprus energy minister Natasa Pilides.
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The Ministry of Electricity and Renewable Energy and a multinational consortium signed two agreements on Wednesday planning a wind power farm with a capacity of 500 megawatts in the Gulf of Suez region.
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Egypt has started the construction of a gas pipeline in the Western Desert with an expected capacity of 15 million cubic feet of gas per day, the head of the General Petroleum Company (GPC), Nabil Abdel-Sadek, said on Saturday.
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Egypt increased the fuel prices in the local market by 25 piastres* per litre of gasoline in a periodic review, the Ministry of Petroleum announced in a statement.
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Algerian Minister of Energy and Mines Mohamed Arkab said that his country looks forward to establishing a real partnership with Egypt in the energy field, noting that several oil and gas exploration tenders would be announced in the coming period.
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Egypt is set to commence with exporting gas to Lebanon soon as part of a previously agreed upon roadmap to ease Lebanon's power crisis, the two countries' energy ministers said on Tuesday after two-day talks in Cairo.
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Egypt and Saudi Arabia awarded contracts to two companies on Tuesday for the implementation of a project to link their power grids and allow the exchange of up to 3,000 MW of electricity at a value of $1.8 billion.
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Achieving net-zero carbon emissions globally by 2050 requires additional global investments in the range of 0.6 to 1 percent of the annual global GDP over the next two decades, amounting to a cumulative $12 to $20 trillion, according to the International Monetary Fund (IMF).
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Shell Egypt NV and Shell Austria GmbH announced that they have completed the sale of their upstream assets in Egypt s Western Desert to a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy.
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The four-day conference will kick off in the Austrian capital Monday when the minister will deliver Egypt s speech on its efforts in the field of nuclear safety
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