Egyptian Natural Gas Company Explained

Egyptian Natural Gas Company (GASCO)
Type:Government-owned
Foundation:1997
Founder:Egyptian Natural Gas Holding Company(EGAS)
Location City:New Cairo
Location Country:Egypt
Locations:Egypt, Jordan, Lebanon
Industry:Oil and gas
Products:Natural gas
Propane
LPG
Gas condensates
Services:Natural gas transmission
Pipeline services
Owner:Egyptian Natural Gas Holding Company (79%)
Petrojet (15%)
Egypt Gas (15%)
Num Employees:4500+
Parent:Egyptian Natural Gas Holding Company

Egyptian Natural Gas Company (GASCO) is a subsidiary of the Egyptian Natural Gas Holding Company, operating in the field of natural gas transmission, distribution and processing. The company was established in March 1997. GASCO operates the gas grid with total length of . The national gas grid has extended to neighboring countries through the Arab Gas Pipeline.[1]

Ownership

The main shareholder is the Egyptian Holding Company for Natural Gas with 70% of shares. Petrojet and Egypt Gas own 15% of shares both.[2]

See also

Notes and References

  1. Web site: GASCO to transport gas from Raven field to Western Desert Gas Complex. EgyptToday.
  2. Web site: Egypt's Enppi, Petrojet accomplish 60% of natural gas network expansion in Jordan - Economy - Business - Ahram Online. english.ahram.org.eg.