Natural Gas projects proposed for investment in Egypt
Liquefying & Exporting Natural Gas in Idku
Description: The liquefying and exporting of excess gas
Objective: Exporting excess gas to world markets
Location: Idku, El Beheira, Egypt
Production Capacity: 5 BCM, each train 3.6 million tons of liquefied gas annually
Estimated Cost: 800 million dollars
Execution Schedule: 3 years
IRR: 18% - 20%
Equity: 20%
Loans: 80%
Current Status: Under study
Shareholder: Egyptian Natural Gas Holding Company (EGAS)
Current Sponsor: Egyptian Natural Gas Holding Company (EGAS)
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Liquefying & Exporting Natural Gas in Damietta
Description: The liquefying and exporting of excess gas
Objective: Exporting excess gas to world markets
Location: Idku, El Beheira, Egypt
Production Capacity: 7.5 BCM/Y, each train 4.8 million tons of liquefied gas annually
Estimated Cost: 1,000 million dollars
Execution Schedule: 3 years
IRR: 18% - 20%
Equity: 20%
Loans: 80%
Current Status: Under study
Shareholder: Egyptian Natural Gas Holding Company (EGAS)
Current Sponsor: Egyptian Natural Gas Holding Company (EGAS)
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Local Distribution & Marketing Projects
Description: Supplying of natural gas to residential, commercial & industrial customers to substitute other fuels
Objective: To use a clean source of energy, while saving from other fuel alternatives
Location: Different areas inside Egypt
Production Capacity: 800,000 consumers by 2007
Estimated Cost: 240 million dollars
Current Status:
A national master-plan was developed for supplying gas to consumers
with a target of 6 million consumers within 5-6 years. The plan will be
carried out on phases.
Current Sponsors: Egyptian Natural Gas Holding Company (EGAS) & Local Gas Distribution Companies (LCD’s)
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Stations for Fueling Vehicles with Compressed Natural Gas (CNG)
Description: Establishing 100 stations for fueling vehicles with compressed natural gas CNG in the different areas of Egypt
Objective: To encourage consumers to use compressed natural gas CNG for their cars
Location: Different areas inside Egypt
Production Capacity: Establishment of 100 stations to serve 100,000 cars by 2007
Estimated Cost: 100 million dollars
Shareholder: Natural Gas Car Fueling Companies
Current Sponsor: Natural Gas Car Fueling Companies
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Natural Gas Liquids’ (NGL’s) Extraction
Description: Natural gas liquids’ extraction to supply Ethane needed for petrochemical industries
Objective: To provide Ethane for petrochemical industries
Location: Port Said, Damietta or Ras Shokair, Egypt
Production Capacity: Under study
Estimated Cost: 250 - 350 million dollars
Execution Schedule: 2 years
IRR: 18% - 20%
Equity: 20%
Loans: 80%
Current Status: Completion of primary technical studies & contracts
Shareholder: Egyptian Natural Gas Holding Company (EGAS)
Current Sponsor: Egyptian-Bahrini Company for Gas Projects Petrochemical projects proposed for investment in Egypt
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