The Egyptian Natural Gas Holding Company (EGAS) plans to add 1.5 billion cubic feet per day (bcf/d) to the national gas grid in 2019, through executing development projects in Zohr, North Alexandria, and the Burullus 9B phase, a source at the company told Al Borsa News.

EGAS targets boosting total natural gas output to around 7 bcf/d by the end of 2019, the source added.

The firm is working in cooperation with international oil companies (IOCs) to develop mega natural gas projects in the Mediterranean deep-water and Nile Delta fields, aiming to boost output to 8 bcfd by 2021.

Egypt has attractive investments opportunities in the oil and gas sector, the source pointed out, adding that the country has promising oil and gas exploration areas.