BP plans to boost natural production of West Nile Delta (WND) project to reach 1.3 billion cubic feet per day (bcf/d), President of BP Egypt Karim Alaa has said, Egypt Oil & Gas reports.
Alaa’s comments came during the first day of the annual Mediterranean Offshore Conference and Exhibition (MOC 2018), which began in Alexandria on April 17th.
According to BP’s energy forecast, global energy demand will increase by one-third by 2040 due to the rapid growth of developing economies. There will therefore be a substantial rise in the demand for natural gas, the world’s second largest source of energy, over the coming two decades.
Alaa confirmed the company’s commitment to working within the Egyptian energy sector, and cooperating with the Ministry of Petroleum and Mineral Resources, the Egyptian General Petroleum Corporation and the Egyptian Natural Gas Holding Company to develop a number of crucial infrastructure projects.