{"id":630508,"date":"2018-04-23T04:26:24","date_gmt":"2018-04-23T04:26:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/"},"modified":"2018-04-23T04:26:24","modified_gmt":"2018-04-23T04:26:24","slug":"international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/","title":{"rendered":"International lenders team up to support Egypt\u2019s USD 1.2 bn natural gas connection project"},"content":{"rendered":"<p><strong>International lenders teamed up to support Egypt\u2019s USD 1.2 bn natural gas connection project: <\/strong>It looks like the World Bank, EU, and French Development Agency (AFD) have all contributed funding to the USD 1.2 bn project to connect more Egyptian households to the natural gas grid. Egypt received USD 300 mn from the World Bank, a EUR 70 mn grant from the AFD, and a EUR 68 mn grant from the EU, to connect around 1.2 mn households in 20 governorates to the grid in 2018, according to a video released by the EU\u2019s Egypt delegation (<a href=\"https:\/\/twitter.com\/EUinEgypt\/status\/988129706380791808\">watch here, runtime: 2:20<\/a>). Collections from installation fees contributed USD 326 mn in financing to the project, while EGAS is covering the remaining USD 473 mn, according to a press release <a href=\"http:\/\/almalnews.com\/Story\/373544\/15\/%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89-%D9%82%D8%AF%D9%85%D9%86%D8%A7-1-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D9%8A%D9%88%D8%B1%D9%88-%D9%85%D9%86%D8%AD%D8%A7-%D9%84%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1%D9%87%D8%A7-%D9%85%D9%87%D9%85\">picked up by Al Mal<\/a>. The Oil Ministry had <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/22\/egypt-and-the-eu-to-sign-mou-on-energy-cooperation-during-energy-commissioners-cairo-visit\/\">said on Saturday<\/a> that densely populated governorates, particularly in Upper Egypt, would receive funding priority.<\/p>\n<p><strong>Background: <\/strong>EU Energy Commissioner Miguel Arias Ca\u00f1ete is in town to sign an energy cooperation agreement that is widely expected to see Egypt begin exporting LNG to Europe but could also see additional funding expended to the project. Ca\u00f1ete will also hold talks with Egyptian officials, including Oil Minister Tarek El Molla and President Abdel Fattah El Sisi, and the heads of European IOCs operating in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International lenders teamed up to support Egypt\u2019s USD 1.2 bn natural gas connection project: It looks like the World Bank, EU, and French Development Agency (AFD) have all contributed funding to the USD 1.2 bn project to connect more Egyptian households to the natural gas grid. Egypt received USD 300 mn from the World Bank, [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630508","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a1629c60-059f-418c-9460-b7ec0f25e41a","order":"0","is_powered_by":true,"section_story_id":"17c1d815-9ae4-4552-ba14-52f09db163e9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630494],"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>International lenders team up to support Egypt\u2019s USD 1.2 bn natural gas connection project - 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\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International lenders team up to support Egypt\u2019s USD 1.2 bn natural gas connection project\" \/>\n<meta property=\"og:description\" content=\"International lenders teamed up to support Egypt\u2019s USD 1.2 bn natural gas connection project: It looks like the World Bank, EU, and French Development Agency (AFD) have all contributed funding to the USD 1.2 bn project to connect more Egyptian households to the natural gas grid. Egypt received USD 300 mn from the World Bank, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-23T04:26:24+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"International lenders team up to support Egypt\u2019s USD 1.2 bn natural gas connection project\",\"datePublished\":\"2018-04-23T04:26:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/\"},\"wordCount\":225,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/international-lenders-team-up-to-support-egypts-usd-1-2-bn-natural-gas-connection-project\/\",\"name\":\"International lenders team up to support Egypt\u2019s USD 1.2 bn natural gas connection project - 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Egypt has already received EUR 200 mn of the amount this year, Vasseur said, pointing out that the agency\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626890,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/foreign-institutions-have-pledged-nearly-usd-3bn-in-freshish-financing\/","url_meta":{"origin":630508,"position":2},"title":"Foreign institutions have pledged nearly USD 3bn in fresh(ish) financing","author":"enterpriseam admin","date":"15 July 2018","format":false,"excerpt":"EXCLUSIVE- Maait will get a bit of help from foreign institutions that have pledged nearly USD 3bn in fresh(ish) financing: USD 1.53 bn from the World Bank: Maait told us this weekend that the World Bank agreed last week to extend some USD 1.53 bn in new loans to Egypt\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575457,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/finmin-to-sign-usd-250-mn-loan-agreement-with-jica-by-years-end\/","url_meta":{"origin":630508,"position":3},"title":"FinMin to sign USD 250 mn loan agreement with JICA by year\u2019s end","author":"enterpriseam admin","date":"15 October 2020","format":false,"excerpt":"DEBT WATCH- Egypt could seal the first USD 250 mn tranche of a USD 500 mn loan from the Japanese International Cooperation Agency (JICA) before the year is out, the local press reports, citing government sources. The first tranche would be used to plug shortfalls in the government\u2019s budget and\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542810,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/egypt-takes-out-usd-10-3-bn-of-development-loans-in-2021\/","url_meta":{"origin":630508,"position":4},"title":"Egypt takes out USD 10.3 bn of development loans in 2021","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Egypt borrowed USD 10.3 bn from bilateral and multilateral lenders in 2021, according to the International Cooperation Ministry\u2019s annual report (pdf) published yesterday. Most of the funding \u2014 USD 8.7 bn \u2014 went to the public sector, while the remaining USD 1.6 bn went to private-sector initiatives.The key public sector\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570416,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/current-account-deficit-narrows-in-the-first-half-of-fy-2019-2020\/","url_meta":{"origin":630508,"position":5},"title":"Current account deficit narrows in the first half of FY 2019-2020","author":"enterpriseam admin","date":"31 March 2020","format":false,"excerpt":"Current account deficit narrows in the first half of FY 2019-2020: Egypt\u2019s current account deficit narrowed to USD 4.6 bn in 1H2019-2020 from USD 5.3 bn the previous year, according to official data (pdf). 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