Egypt’s Cabinet has released a report highlighting some of the key energy sector accomplishments that were achieved in the Sinai Peninsula and the Suez Canal over the past 7 years.
This report, which also discussed a wide variety of developments in the area since 2014, stated that the natural gas lines extending into Sinai and other cities along the Suez Canal have increased by 188.4%, providing up to 2,928 kilometers (km) of gas circulation in the relevant areas. This is considered to be a major achievement as there were only 1015.4 km of natural gas lines. Moreover, natural gas car refueling stations increased by 145.8%, to 59 stations, compared to 24 stations.
With further elaboration on natural gas updates, the report also stated that the number of facilities to which natural gas was connected increased by 82.9%, recording 1,931 facilities. This is a significant accomplishment since it increased from 1,056 facilities in 2014. Meanwhile the number of housing units to which natural gas was connected increased by 52.6%, reaching 585.7 thousand units, compared to 383.7 thousand units in 2014.
The report also discussed the importance of the Zohr natural gas field, which costs up to $15.6 billion and has a production capacity of more than 3 billion cubic feet per day (bcf/d). Moreover, it pointed out that 17 warehouses for petroleum products have been built in Suez with a total capacity of about 193,000 cubic meters. In addition, 4 diesel storage facilities have also been built for diesel in Suez with a total capacity of about 160,000 cubic meters.
As an additional point, the report also referred to the Red Sea Petrochemical Complex in the Suez Canal Economic Zone, which has an investment cost of $7.5 billion. The complex also has a production capacity of 2.7 million tons annually of petrochemical products and 930,000 tons annually of petroleum products.