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 e12cuft/a and total local consumption of natural gas reached 1.66 e12cuft/a. Gas import started in April 2015, supplying to the national gas grid after the regasification with quantity of 30 e9cuft.[4] In 2012/2013, total net gas production in Egypt reached 2.26 e12cuft/a.[5][6]