| Egyptian Natural Gas Holding Company (EGAS) | |
| Type: | state-owned |
| Location City: | Nasr City, Cairo |
| Key People: | Magdy Galal (Chairman)[1] |
| Industry: | Oil and gas |
| Owner: | Egyptian General Petroleum Corporation (EGPC) |
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]
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 1.65e12cuft/a and total local consumption of natural gas reached 1.66e12cuft/a. Gas import started in April 2015, supplying to the national gas grid after the regasification with quantity of 30e9cuft.[4] In 2012/2013, total net gas production in Egypt reached 2.26e12cuft/a.[5] [6]
In March 2017 Egyptian Oil Minister Tarek al-Molla replaced the Chairman of EGAS Osama Wafik El-Bakly, by Dr Magdy Galal. [7]