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Egyptian Natural Gas Company

From Wikipedia, the free encyclopedia
Egyptian Natural Gas Company (GASCO)
Company typeGovernment-owned
IndustryOil and gas
Founded1997
FounderEgyptian Natural Gas Holding Company(EGAS)
Headquarters,
Number of locations
Egypt, Jordan, Lebanon
ProductsNatural gas
Propane
LPG
Gas condensates
ServicesNatural gas transmission
Pipeline services
Revenue6 billion [when?]
E£1.8 billion[when?]
OwnerEgyptian Natural Gas Holding Company (79%)
Petrojet (15%)
Egypt Gas (15%)
Number of employees
4500+[when?]
ParentEgyptian Natural Gas Holding Company
Websitewww.gasco.com.eg

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). The national gas grid has extended to neighboring countries through the Arab Gas Pipeline.[1]

Ownership

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The main shareholder is the Egyptian Holding Company for Natural Gas with 70% of shares. Petrojet and Egypt Gas own 15% of shares both.[2]

See also

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References

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  1. ^ "GASCO to transport gas from Raven field to Western Desert Gas Complex". EgyptToday.
  2. ^ "Egypt's Enppi, Petrojet accomplish 60% of natural gas network expansion in Jordan - Economy - Business - Ahram Online". english.ahram.org.eg.
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