Natural Gas Projects proposed for investment in Egypt طباعة

Liquefying & exporting Natural Gas in Idku

 
Project Description: Liquefying & exporting excess gas to world markets
Project Location: Idku, El Beheira
Production Capacity: 5 BCM, each train 3.6 million tons of liquefied gas annually
Estimated Cost: 800 million dollars.
Project importance: Exporting excess gas.
Execution schedule: 3 years.
Shareholders: Egyptian Natural Gas Holding Company (EGAS)Open for investment
Major economic indicators:
IRR: 18% - 20%
Equity/Loans: 20% Equity, 80% loans
Current Status: Under Study
Current Sponsors: Egyptian Natural Gas Holding Company (EGAS).



Liquefying & exporting Natural Gas in Damietta

     
Project Description: Liquefying & exporting excess gas to world markets
Project Location: Damietta
Production Capacity: 7.5 BCM/Y ,each train 4.8 million tons of liquefied gas annually
Estimated Cost: 1000 million dollars.
Project importance: Exporting excess gas.
Execution schedule: 3 years.
Shareholders: Egyptian Natural Gas Holding Company (EGAS) Open for investment
Major economic indicators:  
IRR: 18% - 20%
Equity/Loans: 20% Equity , 80% loans.
Current Status: Under Study.
Current Sponsors: Egyptian Natural Gas Holding Company (EGAS)



Local Distribution & Marketing Projects

 Project Description: Natural gas supply to residential, commercial & industrial customers to substitute other fuels.
Project Location: Different areas inside Egypt.
Production Capacity: 800,000 consumer by 2007.
Estimated Cost: 240 million dollars.
Project importance: savings from other fuel alternatives & using a clean source of energy
Current Status: A National Master Plan was made for supplying gas to consumers, 6 million consumers within 5-6 years. The plan will be carried out on phases.
Current Sponsors: Egyptian Natural Gas Holding Company (EGAS) and Local Gas Distribution Companies (LCD’s).



Stations for fueling vehicles with Compressed Natural Gas (CNG)

   
Project Description: Establishment of 100 stations for fueling vehicles with compressed natural gas CNG in the different areas of Egypt.
Project Location: Different areas of Egypt.
Production Capacity: Establishment of 100 stations to serve 100,000 cars by 2007.
Estimated Cost: 110 million dollars.
Project importance: Encouraging consumers to use compressed natural gas CNG for their cars.
Shareholders: Natural Gas Car Fueling Companies, open for Investment.
 
Current Status:
Current Sponsors: Natural Gas Car Fueling Companies.



Projects under study


Natural Gas Liquids’ (NGL’s) Extraction

   
Project Description: Natural gas liquids’ extraction to supply Ethane needed for petrochemical industries.
Project Location: Port Said, Damietta or Ras Shokair.
Project Location: Under study.
Estimated Cost: 250-350 million dollars.
Project importance: providing Ethan needed for petrochemical industries.
Execution schedule: 2 years.
Shareholders: Egyptian Natural Gas Holding Company (EGAS) & open for investment.
Major economic indicators:
IRR: 18% - 22%.
Equity/Loans: 20% equity , 80% loans.
Current Status: Completion of primary technical studies & contracts.
Current Sponsors: Egyptian-Bahrini Company for Gas Projects.


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