Egypt Produces 25 Million Tons of Natural Gas in First Four Months of 2018

Egypt Produces 25 Million Tons of Natural Gas in First Four Months of 2018

Egypt produced 24.6 million tons of natural gas during the first four months of 2018, Ossama El Bakly, head of the Egyptian Natural Gas Holding Company (EGAS), said in an exclusive statement to Amwal al Ghad.

According to El Bakly, 24.9 million tons were consumed during the same period, slightly exceeding domestic production.

He added that the country depends mainly on the North Sinai, Nooros, Atoll, and Zohr fields to meet domestic demand for natural gas.

El Bakly also predicted that Egyptian consumption would be fully covered domestic production by the end of 2018 – especially as Eni increases Zohr production to 2 bcf/d by the end of 2018.

Minister of Petroleum Tarek El Molla confirmed to Bloomberg last month that the country will reach self-sufficiency by the end of 2018 and will start exporting by the beginning of 2019.

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