The Egyptian Natural Gas Holding Company (EGAS) estimated Egypt’s local market gas demands to reach 6.5bcf/d within the summer of 2017. This will be divided into 4.4bcf/d of gas for power plants and 1.2bcf/d of gas usage for households, vehicles, as well as medium-to-low consuming factories. The remaining 900mcf/d of gas will be supplied to heavy consuming factories, reported Al Borsa.
This comes as sources with EGAS stated that local production of natural gas local will reach 5bcf/d by the end of 2017 and will continue increasing through the addition of fields from North Alexandria Concession and from Zohr to the national grid until 2020.
In related news, the Egyptian Minister of Petroleum, Tarek El Molla, had announced the postponement of the third floating and storage regasification unit (FSRU) with a capacity of 750mcf/d of liquefied gas. El Molla had not confirmed a certain date until which the FSRU’s tender is delayed as it is postponed until there is a need for higher gas provisions.