Egypt's natural gas luring foreign investment Jul 22, 2005
The Idku site has space for four more trains of similar sizes but new gas reserves are needed to move ahead with expansion. Natural gas has become the shining star of Egypt's economy in recent years with output soaring by 150 percent over the past decade. (The Daily Star, Lebanon)
EIB EUR 100 million support for the regional gas pipeline Jun 9, 2004
5 million for the construction of an LNG plant at Idku, the construction of second 650 MW module for a natural gas-fired combined-cycle power plant at Nubariya and modernisation and extension of the wastewater collection and treatment network in Cairo. More information. (Eurofunding, Europe)
Gail-BG Global Deal In Pipeline Dec 14, 2003
On the LNG front, sources said the LNG terminal of BG at Idku, 50 kms to the east of Alexandria, has a capacity to accommodate up to six LNG trains of which two are being built. Once an additional 3 to 4 TCF of recoverable gas reserve is established, BG is considering putting up of the Train - III in which GAIL could participate (Financial Express, India)
