Four Sectors Consume 40% of Egypt’s Natural Gas Output

Four Sectors Consume 40% of Egypt’s Natural Gas Output

Four sectors consumed around 40% of Egypt’s natural gas production, which exceeded 5 billion cubic feet per day (bcf/d), while the biggest part of production goes to electricity generating power plants, said Osama El Bakly, Head of the Egyptian Natural Gas Holding Company (EGAS), according to Amwal Al Ghad.

The four main natural gas consuming sectors include the industrial sector, petroleum and derivatives sector, households, and vehicles’ filling sector, El Bakly said, adding that the industrial sector is the top consumer as it depends heavily on natural gas to operate most of projects.

El Bakly pointed out that implementing the development projects of fields in the Mediterranean Sea on a quick pace and adding them to production will directly contribute to decreasing the natural gas and liquefied natural gas (LNG) imports and mitigating imports expenses at large.

Sarah Samir 3418 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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