Egypt’s production of natural gas rose to 3.19 million tons in June, a year-on-year (y-o-y) increase of 26.5% from last year’s 2.52 million tons, Egypt Oil & Gas reports.
Consumption also rose to 3.69 million tons in June from 3.33 million tons in June 2016, a 10.8% y-o-y increase, according to the information of the Central Agency for Public Mobilization and Statistics (CAPMAS).
The government hopes to reduce its imports of liquefied natural gas (LNG) by 32% by the end of fiscal year (FY) 2017/2018, according to Reuters.
Egypt has agreed to import 600,000 tons from Russia between May and October 2017 and 140,000 cubic feet (cf) per month from Jordan for a period of ten months.
Egypt has received approximately 560,000 cubic feet (cf) of LNG from Jordan’s floating storage regasification unit (FSRU), reports Al Ahram Gate.