Egypt’s Gas Production Rises

Egypt’s Gas Production Rises

Egypt’s production of natural gas rose to 3.19 million tons in June, a year-on-year (y-o-y) increase of 26.5% from last year’s 2.52 million tons, Egypt Oil & Gas reports.

Consumption also rose to 3.69 million tons in June from 3.33 million tons in June 2016, a 10.8% y-o-y increase, according to the information of the Central Agency for Public Mobilization and Statistics (CAPMAS).

The government hopes to reduce its imports of liquefied natural gas (LNG) by 32% by the end of fiscal year (FY) 2017/2018, according to Reuters.

Egypt has agreed to import 600,000 tons from Russia between May and October 2017 and 140,000 cubic feet (cf) per month from Jordan for a period of ten months.

Egypt has received approximately 560,000 cubic feet (cf) of LNG from Jordan’s floating storage regasification unit (FSRU), reports Al Ahram Gate.

Sarah Samir 2757 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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