Natural Gas Act regs ready in October - ENTERPRISE / AL SHOROUK

Sunday, 20 August 2017

The executive regulations of the Natural Gas Act should be ready by early October, an EGAS official tells Al Shorouk. 

The source expects the new natural gas industry regulator would be set up before the end of the year — and that the first license to import gas privately should be issued in 1H2018.

As we noted last week, EGAS had reportedly approved natural gas import licenses on Wednesday for the three private companies: 

• Fleet Energy, 
• BB Energy, and 
• Qalaa Holding’s TAQA Arabia.

Trident Petroleum signs exploration agreement for Northwest Seabird concession in the Gulf of Suez - ENERGY EGYPT

January 31, 2016

Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed a new oil and gas exploration agreement in the Gulf of Suez, between Ganoub El Wadi Petroleum Holding Co (Ganope) and Egypt’s Trident Petroleum Company. The exploration agreement for Block 6 Northwest Seabird (Tair al-Bahr) concession in the Gulf of Suez, covering a ​​191 square kilometer area, specifies a minimum investment obligation of $4.5 million, the drilling of six exploratory wells and a signing bonus of $500,000.