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.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register