Egypt Consumes 4.5M Tons of Natural Gas Per Month

Egypt Consumes 4.5M Tons of Natural Gas Per Month
MEDITERRANEAN SEA, ISRAEL – FEBRUARY 2013: In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel. The offshore Tamar drilling site which was originally dispatched from a shipyard in Texas at the end of last year is due to start producing natural gas next week. Over the past few years Israel has suffered from a shortage in natural gas, but with the new platform that weighs 34,000 tons and will be mainly operated by Israelis, the US company Nobel Energy which owns a 36% stake in Tamar, hopes to change Israel’s energy situation as well as the economy as a whole. (Photo Photo by Albatross via Getty Images)

Egypt’s consumption of natural gas has risen to approximately 4.5 million tons per month, an official at the Egyptian Natural Gas Holding Company (EGAS) told Amwal Al Ghad.

In August, Egypt consumed 4.577 million tons of natural gas, a 29.6% increase from the 3.531 million tons the country consumed in August 2016, Egypt Oil & Gas previous reported based on statistics released by Central Agency for Public Mobilization and Statistics (CAPMAS).

Production has been unable to keep up with demand. Egypt produces approximately 3.3 million tons of natural gas per month, or 73% of domestic demand, the official noted, leaving a deficit of around 1.2 million tons per month.

To reduce this deficit, EGAS plans to increase production by 1.4 billion cubic feet per day (bcf/d) by June 2018, Amwal Al Ghad reported.

The Ministry of Petroleum and Mineral Resources expects that rising production from new gas fields, most notably the Zohr field, will lead to natural gas self-sufficiency within two years, Amwal Al Ghad reports.

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Sarah Samir 3706 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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