Egyptian Natural Gas Production Declines

Egyptian Natural Gas Production Declines

Egypt’s natural gas production has decreased from 4.4bcf/d to 4.35bcf/d in October due to deficient speed of connecting new wells to the national grid to compensate for natural gas production ratio decline, reported Al Borsa citing a source with the Egyptian Gas Holding Company (EGAS).

The country’s gas production has been declining at a rate of 1.2bcf/year, while the volume of wells linked to the national grid came to no more than 700mcf/year of gas. The source further added that the daily decline averaged 45mcf/d from mature gas fields. He noted that EGAS has no immediate plans to add any new wells to the production grid during November.

In related news, Egypt Oil&Gas reported that the country’s production of natural gas is projected to rise to the level of 5bcf/d in the 2017/2018 fiscal year, yet gas imports are still to grow in order to cover boosting demand of gas in the local market that is currently estimated at 5.35bcf/d.

Sarah Samir 2531 Posts

Sarah has been writing in the oil and gas field for more than a year. 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