Egyptian Natural Gas Holding Company

The Egyptian Natural Gas Holding Company (EGAS) is an Egyptian state-owned holding company, which owns and manages state stakes in different gas project. The company was established in August 2001. EGAS is also responsible for issuing of natural gas exploration licenses in Egypt.

Operations
In 2014/2015, EGAS signed six agreements, of them three offshore areas in Mediterranean Sea and three onshore areas in Nile Delta. In February 2015, a bidding for twelve offshore blocks in Mediterranean Sea was announced.

In 2014/2015, gas production reached about 1.65 e12cuft/a and total local consumption of natural gas reached 1.66 e12cuft/a. Gas import started in April 2015, supplying to the national gas grid after the regasification with quantity of 30 e9cuft. In 2012/2013, total net gas production in Egypt reached 2.26 e12cuft/a.

Corporate affairs
In March 2017 Egyptian Oil Minister Tarek al-Molla replaced the Chairman of EGAS Osama Wafik El-Bakly, by Dr Magdy Galal.