Egyptian Natural Gas Company

{{short description|Egyptian gas company}}

{{more citations needed|date=January 2019}}

{{Infobox company

| name = Egyptian Natural Gas Company (GASCO)

| logo = Gasco.gif

| logo_size = 220px

| caption =

| type = Government-owned

| fate =

| predecessor =

| successor =

| foundation = 1997

| founder = Egyptian Natural Gas Holding Company(EGAS)

| defunct =

| location_city = New Cairo

| location_country = Egypt

| location =

| locations = Egypt, Jordan, Lebanon

| area_served =

| key_people =

| industry = Oil and gas

| products = Natural gas
Propane
LPG
Gas condensates

| services = Natural gas transmission
Pipeline services

| revenue = {{EGP|6 billion|link=yes}} {{when|date=January 2019}}

| operating_income =

| net_income = {{EGP|1.8 billion}}{{when|date=January 2019}}

| assets =

| equity =

| owner = Egyptian Natural Gas Holding Company (79%)
Petrojet (15%)
Egypt Gas (15%)

| num_employees = 4500+{{when|date=January 2019}}

| parent = Egyptian Natural Gas Holding Company

| divisions =

| subsid =

| homepage = {{URL|www.gasco.com.eg}}

| footnotes =

| intl =

}}

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 {{convert|22000|km}}. The national gas grid has extended to neighboring countries through the Arab Gas Pipeline.{{cite web|url=http://www.egypttoday.com/Article/3/45132/GASCO-to-transport-gas-from-Raven-field-to-Western-Desert|title=GASCO to transport gas from Raven field to Western Desert Gas Complex|website=EgyptToday}}

Ownership

The main shareholder is the Egyptian Holding Company for Natural Gas with 70% of shares. Petrojet and Egypt Gas own 15% of shares both.{{cite web|url=http://english.ahram.org.eg/NewsContent/3/12/313850/Business/Economy/Egypts-Enppi,-Petrojet-accomplish--of-natural-gas-.aspx|title=Egypt's Enppi, Petrojet accomplish 60% of natural gas network expansion in Jordan - Economy - Business - Ahram Online|website=english.ahram.org.eg}}

See also

{{Portal|Egypt|Energy}}

References

{{reflist}}