President Abdel Fattah El-Sisi affirmed on July 29 that Egypt would achieve natural gas self-sufficiency and a surplus by June 30, 2020, Egypt Oil & Gas reports.
The president’s remarks came during the closing session of the 6th National Youth Conference held on Sunday at the Cairo University.
During the “Ask the President” session, Sisi also stated that the Egypt’s foreign reserve has reached $45 billion.
Last year, the Ministry of Petroleum said that Zohr, North Alexandria and Noras gas fields are expected to increase Egypt’s natural gas output by 50% in 2018 and by 100% in 2020.
Zohr operator Eni recently revealed that the field’s production capacity, which currently stands at 1.6 billion cubic feet per day (bcf/d), is slated to reach 2 bcf/d by September, Reuters reported.