A company operates Arab Energy (Taqa) The expansion of the use of the transmitted natural gas delivery technology in Saudi Arabia, as well as its expansion in East Africa, is intensified, and the company aims to represent its work outside Egypt 50% of its revenues during the next five years, according to Bakinam Kafafi, CEO of an Arab Energy Company.
“We are seeking approvals to implement the Mobile CNG,” according to what was revealed by the media, Zina Soufan, on the “Week and Cairo” program on Al -Sharq channel.
“We have contracts of about 120 million riyals, and this is not large, as we look forward to investing in the opportunities available by (Vision 2030) ambitious, especially in light of the focus on sustainability, reduced carbon emissions and relying on natural gas.” .
Kafafi emphasized that this technique, also known as “Virtual Pipeline” is not “a substitute for traditional pipelines to transport natural gas, but is characterized by speed in delivering gas before supplying the mainly assigned line, which requires its supply that the infrastructure of the region to be connected to the gas is qualified and economically feasible “.
“CNG Mobile” technology is a method that meets the needs of industrial, hotel, or residential resorts in remote areas, which the main network of natural gas has not reached, by transporting compressed gas through transport vehicles equipped to use areas without the need to extend expensive pipelines.
Kafafi cited the company's experience in Egypt using this technology, as this technique enabled “Arab energy” to deliver gas to Safaga and further areas, knowing that the traditional line for transporting natural gas reaches Hurghada.
Kafafi revealed that Arab energy aims to represent its expansion work outside Egypt 50% of its revenues during the next five years.
Kafafi confirmed that Africa is witnessing gas expansions, as well as discoveries, especially in East Africa (in Mozambique and Tanzania), so “Arab energy” established two companies in the two countries.
In Mozambique, Kafafi revealed that its company intends to establish 3 additional stations to deliver gas in the country after it opened 7 stations, and the company is working to intensify dependence on the technology of delivering the “Mobile Cng” natural gas, especially in light of the lack of traditional natural gas lines in all The state.
On the company's expansion in Tanzania, Kafafi said that an Arab energy opened a station in Tanzania last year, and it is expected to open another month, and added, “We address the government to obtain a license for distribution to Dar Al Salam.” Tanzania for the use of compressed natural gas delivery technology.
Kafafi hinted that the company's business in Mozambique achieved its first annual profits last year, and the company's business in Mozambique recorded profits for the second year in a row.
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