Last Update 18:19
Wednesday, 24 April 2019

Egypt's gas projects to increase production to 5.5-6 bln cfd by end-2019

Reuters , Sunday 22 May 2016
Egypt
Egypt's petroleum minister Tarek El Molla (Photo: Al-Ahram)
Share/Bookmark
Views: 1972
Share/Bookmark
Views: 1972

Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day (cfd) by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 billion cfd.

Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production and increasing consumption. It is trying to speed up production at recent discoveries to fill its energy gap as soon as possible.

Egypt currently has 12 natural gas field development projects underway worth a total of $33 billion in investment, Molla said, speaking at the inauguration of a fertilizer plant in the port city of Damietta.

The three largest projects, which include the mammoth Mediterranean gas field Zohr discovered by Italy's Eni last year, are expected to collectively bring 4.6 billion cfd online by the start of 2019, said Molla.

Egypt currently imports around 1-1.1 billion cfd of LNG.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.