Egypt’s Gas Export Revenues Reach $3.892 B in First Four Months of 2022

Egypt’s Gas Export Revenues Reach $3.892 B in First Four Months of 2022

Egypt’s natural gas and liquefied natural gas (LNG) export revenues increased by 98% to reach $3.892 billion in the first four months of 2022, Reuters reported.

The country exported natural gas worth $3.959 billion in 2021, a 768% increase, compared to the 2020 exports’ revenues which recorded $456 million.

Earlier this month, Minister of Petroleum and Mineral Resources Tarek El Molla disclosed plans with the East Mediterranean countries to increase liquefied natural gas (LNG) exports to Europe during the upcoming period.

The minister said that Egypt currently is exporting 1 billion cubic meters of natural gas per day (bcm/d) and it is expected to increase to more than 1.5 bcm/d over the next two years.

Sarah Samir 2790 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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