{"id":562753,"date":"2021-06-06T04:00:23","date_gmt":"2021-06-06T04:00:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-natgas-microbuses-are-coming\/"},"modified":"2021-06-06T04:00:23","modified_gmt":"2021-06-06T04:00:23","slug":"more-natgas-microbuses-are-coming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-natgas-microbuses-are-coming\/","title":{"rendered":"More natgas microbuses are coming"},"content":{"rendered":"

<\/a> Owners of microbuses that are 20+ years old will be able to apply for the <\/strong>first phase of the government\u2019s natgas vehicle swap scheme starting July<\/strong>, Finance Minister Mohamed Maait said in a statement<\/a>. The scheme will initially be rolled out in Cairo, Giza, Qalyubia, Alexandria, Suez, Port Said and the Red Sea. The Finance Ministry had earlier announced that it could expand its natgas transition scheme<\/a> to include more vehicle owners and more governorates, as part of its plan to outfit 15k microbuses<\/a> with dual-fuel engines during the scheme\u2019s first year. The program had initially aimed to convert 250k cars to run on natural gas by 2023 but is now reaching for the more ambitious target of 450k<\/a>.<\/p>\n

Public transport is also getting a natgas facelift: <\/strong>Some nearly 2.3k public buses in Cairo and Alexandria will be converted to run on natural gas at a total cost of EGP 1.2 bn under a joint agreement<\/a> signed between the ministries of oil, local development and military production as well as the public transport authorities of both cities.<\/p>\n

Taqa Arabia<\/strong> \u2014 a key player in the coming rollout of natgas infrastructure \u2014 just got a EGP 916 <\/strong>mn loan from the National Bank of Egypt<\/strong> to help finance the construction of natgas filling stations, the bank said in a press release (pdf)<\/a>. Taqa\u2019s Master Gas subsidiary will use the finance to build 40 new filling stations in a number of governorates, to support the growing shift to natural gas vehicles.<\/p>\n

The move comes as part of a wider plan: <\/strong>Taqa Arabia \u2014 along with state companies Cargas and Gastec \u2014 is working to expand the country\u2019s network of natgas filling stations<\/a> as part of the government\u2019s plan to lessen the reliance on gasoline to power the nation\u2019s vehicles. Taqa announced earlier this year<\/a> that it would invest EGP 3.6 bn in expanding its number of nat gas stations to 180 by 2023. The company will spend EGP 800 mn to construct 40 stations in 2021, EGP 1.2 bn on 60 stations in 2022 and EGP 1.6 bn on 80 stations in 2023. The company currently operates 23 natgas stations, CEO Pakinam Kafafi said in the statement.<\/p>\n

Taqa Petroleum will also use part of the facility to build a petroleum storage terminal <\/strong>with a capacity of 25.6 mn liters in Alexandria, to \u201csecure the state\u2019s petroleum reserves and prevent local market\u2019s shortages,\u201d TAQA Arabia CFO Peter Mofeed said. The company already has an existing terminal with a capacity of 18 mn liters in Suez.<\/p>\n","protected":false},"excerpt":{"rendered":"

Owners of microbuses that are 20+ years old will be able to apply for the first phase of the government\u2019s natgas vehicle swap scheme starting July, Finance Minister Mohamed Maait said in a statement. The scheme will initially be rolled out in Cairo, Giza, Qalyubia, Alexandria, Suez, Port Said and the Red Sea. The Finance […]<\/p>\n","protected":false},"author":1,"featured_media":562754,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[7106,93,72,7111,268,613,615],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-debt","tag-energy","tag-enterpriseam","tag-infrastructure","tag-natgas-transition-scheme","tag-qalaa-holdings","tag-taqa-arabia","wpautop","entry"],"acf":{"mongo_id":"a610585a-834c-4966-ab56-e93167934e00","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/69.jpg","photo_position":"above","related_issue":[562741],"teaser":"","voice_url":""},"yoast_head":"\nMore natgas microbuses are coming - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-natgas-microbuses-are-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More natgas microbuses are coming\" \/>\n<meta property=\"og:description\" content=\"Owners of microbuses that are 20+ years old will be able to apply for the first phase of the government\u2019s natgas vehicle swap scheme starting July, Finance Minister Mohamed Maait said in a statement. The scheme will initially be rolled out in Cairo, Giza, Qalyubia, Alexandria, Suez, Port Said and the Red Sea. 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The first dual-fuel microbus is now on the road after being delivered\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566460,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/tuk-tuk-owners-should-be-able-to-swap-their-vehicles-for-natgas-microbuses-next-month-we-have-a-price-tag-for-evs-infrastructure\/","url_meta":{"origin":562753,"position":1},"title":"Tuk-tuk owners should be able to swap their vehicles for natgas microbuses next month + we have a price tag for EVs infrastructure","author":"enterpriseam admin","date":"21 June 2021","format":false,"excerpt":"Tuk-tuk owners will soon be able to apply to the natgas transition scheme: The cabinet yesterday decided to expand the Finance Ministry\u2019s natgas transition scheme to include tuk-tuk owners, who should be able to apply to swap out their vehicles for natgas-powered microbuses as of next month, the Finance Ministry\u2019s\u2026","rel":"","context":"In "SPEED ROUND: ENERGY"","block_context":{"text":"SPEED ROUND: ENERGY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/547.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562800,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/made-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows\/","url_meta":{"origin":562753,"position":2},"title":"Made In Egypt Sinovac jabs + natgas minibuses the flavors of the night on the talk shows","author":"enterpriseam admin","date":"7 June 2021","format":false,"excerpt":"Covid dominated the conversation on the nation\u2019s airwaves last night as Health Minister Hala Zayed announced that the first batch of made-in-Egypt Sinovac jabs will be finished by 15 June. We have more in this morning\u2019s Covid Watch, above.There was time to discuss the Finance Ministry\u2019s recent expansion of its\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560897,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/how-much-will-car-owners-pay-to-transition-to-natgas\/","url_meta":{"origin":562753,"position":3},"title":"How much will car owners pay to transition to natgas?","author":"enterpriseam admin","date":"17 March 2021","format":false,"excerpt":"Here\u2019s how much swapping your car for a natgas vehicle will set you back: Passenger car owners looking to swap old vehicles for new ones running on cleaner energy will have their pick of seven models eligible for state financial support, according to a list (pdf) published on the government\u2019s\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573798,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/egypt-earmarks-egp-1-2-bn-in-financing-for-the-countrys-natgas-transition\/","url_meta":{"origin":562753,"position":4},"title":"Egypt earmarks EGP 1.2 bn in financing for the country\u2019s natgas transition","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"Gov\u2019t, CBE lay down framework for EGP 1.2 bn on-lending program for the country\u2019s natgas transition: The Trade and Industry Ministry, the Central Bank of Egypt (CBE), and the MSME Development Agency are setting up a financing program through the country\u2019s banks to extend EGP 1.2 bn in low-interest loans\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561720,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/","url_meta":{"origin":562753,"position":5},"title":"More natgas vehicles than initially planned?","author":"enterpriseam admin","date":"19 April 2021","format":false,"excerpt":"The government plans to convert 450k cars to run on natgas within three years under its natgas transition plan, Oil Ministry spokesperson Hamdy Abdel Aziz told eXtra News yesterday (watch, runtime 5:13). That includes the 250k figure that was previously announced \u2014 which the Trade and Industry Ministry is handling\u2026","rel":"","context":"In "NATGAS TRANSITION"","block_context":{"text":"NATGAS TRANSITION","link":"https:\/\/enterpriseam.com\/egypt\/category\/natgas-transition\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=562753"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562753\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/562754"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562753"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562753"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}