{"id":681835,"date":"2026-01-19T00:00:00","date_gmt":"2026-01-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=681835"},"modified":"2026-01-19T04:02:19","modified_gmt":"2026-01-19T04:02:19","slug":"oil-ministry-is-working-overtime-to-ensure-we-see-an-uptick-in-natgas-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/19\/oil-ministry-is-working-overtime-to-ensure-we-see-an-uptick-in-natgas-production\/","title":{"rendered":"Oil Ministry is working overtime to ensure we see an uptick in natgas production"},"content":{"rendered":"

The Oil Ministry is lining up an exploration push <\/strong>built around two international tenders, revamped pricing terms, and faster arrear payments, a senior government source tells EnterpriseAM. <\/p>\n

The clock starts now: <\/strong>The first international tender is set to launch next month, with the second following in 2H. The second round will lean on fresh seismic data from a survey kicking off next month, covering 18k km in the Mediterranean and 5.3k km in the Western Desert. <\/p>\n

At the core is a rework of exploration and production pricing<\/strong> \u2014 a long-standing ask from international operators. The aim is to make undeveloped areas \u2014 including those in Upper Egypt \u2014 more attractive to investors.<\/p>\n

Money talks:<\/strong> The government is preparing a schedule to clear dues owed to foreign energy players. After a USD 400 mn payment this month, the ministry plans to push another USD 350 mn by March, sending a clear signal to international oil companies.<\/p>\n

The latest sign we\u2019re not as heavily reliant on LNG imports as we once were: <\/strong>The Energos Eskimo floating storage and regasification unit has departed from Ain Sokhna \u2014 despite a multi-year contract \u2014 signaling confidence in our supplies as well as Israeli gas<\/a>.<\/p>\n

Egypt wants gas production back at 6.6 bcf\/d<\/strong>, up from some 4.2 bcf\/d now, to cut its import bill and lock in its regional hub ambitions.<\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

The ministry is launching two international exploration tenders this year<\/p>\n","protected":false},"author":1,"featured_media":681836,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-681835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"32b63168-095b-4af1-93da-d402b31aa8a7","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/254.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt is working overtime to ensure an uptick in natgas production","related_issue":[681825],"teaser":"The ministry is launching two international exploration tenders this year"},"yoast_head":"\nOil Ministry is working overtime to ensure we see an uptick in natgas production - 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The EGPC was given orders to complete tallying potential exploration concessions ahead of issuing global tenders. The move comes as part of the ministry\u2019s plan to\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633993,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/oil-ministry-to-issue-oil-and-gas-exploration-tenders-for-red-sea-concessions-soon\/","url_meta":{"origin":681835,"position":1},"title":"Oil Ministry to issue oil and gas exploration tenders for Red Sea concessions soon","author":"enterpriseam admin","date":"2 January 2018","format":false,"excerpt":"The Oil Ministry is preparing to sign 12 new oil agreements with a combined investment value of at least USD 433 mn, Minister Tarek El Molla said yesterday, Al Masry Al Youm reports. 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Fewer private firms bid in this year\u2019s tender than in the 2020 bid\u2026","rel":"","context":"In "Mining"","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/395.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600764,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/shell-egypt-eyes-red-sea-exploration-tender\/","url_meta":{"origin":681835,"position":4},"title":"Shell Egypt eyes Red Sea exploration tender","author":"enterpriseam admin","date":"10 February 2019","format":false,"excerpt":"Shell Egypt is eyeing the Red Sea exploration and production tenders Egypt is expected to launch during 1Q2019, Government and External Relations Manager Moataz Darwish tells Al Masry Al Youm. The tenders are expected to be issued within the coming weeks, following the completion of the seismic mapping of the\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578311,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/oil-and-gas-exploration-tender-coming-next-week\/","url_meta":{"origin":681835,"position":5},"title":"Oil and gas exploration tender coming next week","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"Energy companies can bid for 12 new oil and gas exploration blocks in the Mediterranean and Nile Delta starting next week in an international tender set to be launched by state-owned Egyptian Natural Gas Holding Company (EGAS), Bloomberg Asharq reports, citing an Oil Ministry source. The door for bidding will\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\/2022\/12\/482.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\/681835","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=681835"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/681835\/revisions"}],"predecessor-version":[{"id":681885,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/681835\/revisions\/681885"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/681825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/681836"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=681835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=681835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=681835"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=681835"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=681835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}