Natural Gas Pumping Saves $350m/m

Natural Gas Pumping Saves $350m/m

First Undersecretary of Gas Affairs at the Ministry of Petroleum and Mineral Resources, Mohamed Hassanien Radwan, informed Egypt Oil&Gas that the Egyptian Presidency urged the delivery of natural gas to households across the governorates to replace butane consumption. This will reduce expenditure of USD to import butane and will decrease butane subsidies by 25% to 30% per year.

Radwan further added that gas delivery to 1m households will help the country save at least $350m per month from butane importing bills as gas will replace the subsidized EGP 15 butane bottle.

Radwan explained that the government is going on its plan to pump natural gas to 3.5m households until 2019. He pointed out that the plan includes delivering natural gas to 1m households during fiscal year 2016/2017 which will be divided into 70% of the amounts pumped to slums while 30% will be delivered to households in Cairo and Giza.

In related news, Chairman of the Egyptian General Petroleum Corporation (EGPC),Tarek El Hadidi, had said that EGPC had decided to allocate 400,000 subsidized LPG cylinder to slums all over Egypt to ensure equality in distributing petroleum products in the society.

Sarah Samir 2747 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.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register