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The name SEGAS comes from the Spanish Egyptian Gas Company. [1] The complex consists of a single LNG train capable of liquifying up to 5 million tons of natural gas per year and is one of two LNG export plants in Egypt (the other being a two-train 7.2Mt/yr LNG plant in Idku, owned by Shell and Petronas which commenced operation in 2005).
Egyptian Natural Gas Company; ... Petrosalam; S. SEGAS LNG; V. Vegas Oil and Gas This page was last edited on 1 July 2020, at 01:23 (UTC ...
Natural gas is also exported as liquefied natural gas (LNG), produced at the plants of Egyptian LNG and SEGAS LNG. [14] BP and Eni , the Italian oil and gas company, together with Gas Natural Fenosa of Spain, built major liquefied natural gas facilities in Egypt for the export market, but the plants were largely idled as domestic gas ...
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
The plant is owned by Segas, a joint venture of the Spanish utility Unión Fenosa (40%), Italian oil company Eni (40%) and the Egyptian companies EGAS and EGPC (10% each). [21] The plant is unusual since it is not supplied from a dedicated field, but is supplied with gas from the Egyptian grid.
In December 2024, Egyptian authorities agreed to accelerate the divestment of state-owned companies to secure a $1.2 billion package from the IMF to improve macroeconomic stability. [ 2 ] The following is a list of key state-owned enterprises in Egypt, and a number of their subsidiaries.
Founded by Électricité de France (65%), Fluxys (25%) and Total S.A. (10%), and then changed in 2018 with the terminal being owned and operated by Dunkerque LNG, a company 61% owned by a consortium made up of Belgium gas infrastructure group Fluxys, AXA Investment Managers-Real Assets, and Crédit Agricole Assurances, and 39% owned by a ...
Egyptian Natural Gas Company (GASCO) is a subsidiary of the Egyptian Natural Gas Holding Company, operating in the field of natural gas transmission, distribution and processing. The company was established in March 1997. GASCO operates the gas grid with total length of 22,000 kilometres (14,000 mi).