EGAS Forecasts 12.3% Increase in Gas Consumption

The Egyptian Natural Gas Holding Company (EGAS) expects the country’s natural gas consumption to grow by 12.3%, reaching 7.3 billion cubic feet per day (bcf/d) in fiscal year (FY) 2019/20, Al Borsa Newspaper reported.

The increase will be a result of industrial development plans, higher electricity capacities, natural gas delivery to households and conversion of cars to gas-fueled vehicles.

Egypt will cover the growing demands of its market through linking wells from Zohr field and North Alexandria fields to the production map according to a time plan, a source at EGAS said.

The country’s consumption reached a maximum of 6.5 bcf/d during FY 2018/19, the source noted, adding that the local market’s demands will be boosted to 9 bcf/d of natural gas by FY 2020/21 according to the country’s development plans.

Sarah Samir 3289 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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