Egypt to Pump 150mcf of Gas to Factories during April

Egypt to Pump 150mcf of Gas to Factories during April

An official source at the Egyptian Natural Gas Holding Company (EGAS) stated exclusively to Egypt Oil&Gas that 150mcf of LNG were decided to be pumped to the stumbling factories during April to avoid stopping the production of these factories. The source also highlighted that Egypt will pump 500mcf of imported LNG to the national grid by the end of May 2017.

The source added that it was also agreed to pump 150mcf of LNG to the stumbling factories till they pay their EGP 16b debt and continue pumping 500mcf of LNG to high and medium gas consuming factories. High gas consuming factories will receive 300mcf/d of LNG and the remaining 200mcf/d of LNG will go to medium gas consuming factories.

Furthermore, the source mentioned that during summer Egypt reduces the natural gas pumped to factories because the power stations consumption exceeds 90% of Egypt’s daily production of natural gas to avoid power shortage at homes.

Mahinaz El-Baz 312 Posts

Mahinaz El Baz received her MSc degree in Foreign Trade Economics from Helwan University in 2016. She has two years of experience in journalism and four years of experiance in economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register