{"id":623026,"date":"2018-10-18T03:43:23","date_gmt":"2018-10-18T03:43:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/"},"modified":"2018-10-18T03:43:23","modified_gmt":"2018-10-18T03:43:23","slug":"egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/","title":{"rendered":"EGAS agrees to purchase gas from Eni\u2019s Faramid at USD 2.6\/MMBtu"},"content":{"rendered":"<p>The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni\u2019s Faramid South asset at USD 2.6\/MMBtu, <a href=\"https:\/\/alborsaanews.com\/2018\/10\/17\/1142219\">sources from EGAS said<\/a>. The well, which is in Eni\u2019s East Obayed concession in the Western Desert, has been closed pending Eni <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/29\/eni-said-to-be-in-talks-with-shell-to-connect-western-desert-well-with-processing-plant-in-obayed\/\">reaching an agreement<\/a> with Royal Dutch Shell over the terms of constructing a pipeline connecting the field to Shell\u2019s processing plant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni\u2019s Faramid South asset at USD 2.6\/MMBtu, sources from EGAS said. The well, which is in Eni\u2019s East Obayed concession in the Western Desert, has been closed pending Eni reaching an agreement with Royal Dutch Shell over the terms of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623026","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"1a0e4930-a309-4745-822e-ed20ac7044c5","order":"0","is_powered_by":true,"section_story_id":"009b840e-670e-4822-99fe-c0e0b9fc6000","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623001],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGAS agrees to purchase gas from Eni\u2019s Faramid at USD 2.6\/MMBtu - 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\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGAS agrees to purchase gas from Eni\u2019s Faramid at USD 2.6\/MMBtu\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni\u2019s Faramid South asset at USD 2.6\/MMBtu, sources from EGAS said. The well, which is in Eni\u2019s East Obayed concession in the Western Desert, has been closed pending Eni reaching an agreement with Royal Dutch Shell over the terms of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-18T03:43:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGAS agrees to purchase gas from Eni\u2019s Faramid at USD 2.6\/MMBtu\",\"datePublished\":\"2018-10-18T03:43:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/\"},\"wordCount\":80,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/egas-agrees-to-purchase-gas-from-enis-faramid-at-usd-2-6-mmbtu\/\",\"name\":\"EGAS agrees to purchase gas from Eni\u2019s Faramid at USD 2.6\/MMBtu - 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EGAS said the current prices are appropriate for different industries. It said factories, who receive about 2.4 bcf\/day of natural\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568901,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/egas-scraps-plan-to-increase-domestic-natgas-production-to-8-bcf-this-fiscal-year\/","url_meta":{"origin":623026,"position":1},"title":"EGAS scraps plan to increase domestic natgas production to 8 bcf this fiscal year","author":"enterpriseam admin","date":"6 February 2020","format":false,"excerpt":"EGAS\u2019 plan to increase domestic production of natural gas to 8 bcf\/d in FY2019\/2020 has been hindered by the global decline in the price of natural gas and the abundant supply for local consumption, sources from EGAS told Al Mal. The sources said that the inability to implement the plan\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578870,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia-enis-descalzi-sits-down-with-el-sisi\/","url_meta":{"origin":623026,"position":2},"title":"Elsewedy Electric to build 300 MW solar station in Saudi Arabia + Eni\u2019s Descalzi sits down with El Sisi","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"Elsewedy Electric is upping its solar energy game: Elsewedy Electric for Transmission and Distribution, a subsidiary of Elsewedy Electric, signed a USD 176.1 mn turnkey contract to build a 300-MW solar power station for Saudi Arabia\u2019s Al Ghazala Energy, according to a statement(pdf) by the company. Elsewedy \u201cwill mainly focus\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/274.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576173,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/investors-union-egas-to-look-at-lower-gas-prices-for-industry\/","url_meta":{"origin":623026,"position":3},"title":"Investors union, EGAS to look at lower gas prices for industry","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"Could natgas prices for factories be liberalized? Long-term demands from factories for lower gas prices will be considered by a newly-formed task force made up of the Egyptian Federation of Investors Associations and EGAS, EFIA member Sobhy Nasr told Youm7. The group will look at aligning local and international prices,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/134.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545856,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/","url_meta":{"origin":623026,"position":4},"title":"Egypt to increase LNG exports to Europe with Eni","author":"enterpriseam admin","date":"14 April 2022","format":false,"excerpt":"Eni signs agreement to supply more of our LNG to Italy, Europe: The Italian energy firm yesterday signed an agreement in Cairo with the state-owned Egyptian Natural Gas Holding Company (EGAS) designed to \u201cmaximize\u201d Egyptian LNG exports to Europe and boost Eni\u2019s gas production here, according to a cabinet statement.\u201cThe\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623337,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/eni-naturgy-jv-looking-to-re-launch-operations-at-damietta-lng-facility-in-2019\/","url_meta":{"origin":623026,"position":5},"title":"Eni-Naturgy JV looking to re-launch operations at Damietta LNG facility in 2019","author":"enterpriseam admin","date":"28 October 2018","format":false,"excerpt":"Italy\u2019s Eni and its Spanish partner Naturgy are in \u201cadvanced talks\u201d to re-launch operations at their Damietta LNG facility in 2019, Eni\u2019s CFO Massimo Mondazzi said on Friday, according to Reuters. 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