Butane Consumption Decreases by 7.6% YOY in July
Egypt’s butane consumption decreased by 7.63% year-on-year (YOY) as the country used 284,600 tons in July 2018, compared to 308,100 tons in July 2017.
Egypt’s butane consumption decreased by 7.63% year-on-year (YOY) as the country used 284,600 tons in July 2018, compared to 308,100 tons in July 2017.
Production of crude oil, condensates, and butane increased by around 1.55% year-on-year (YOY) in July 2018, producing 2.818 million tons compared to 2.775 million tons in July 2017.
Egypt's natural gas output rose by 14.9% year-on-year (YOY) to reach 3.873 million tons in July 2018, compared to 3.371 million tons in July 2017.
The Eleventh Arab Energy Conference kicked off in Marrakech, Morocco on October 1, under the theme of 'Energy and Arab Cooperation'.
Egypt has connected 9 million households to the national gas grid.
Abu Qir Fertilizer and Chemical Company recorded revenues of EGP 8.3 billion.
The gap between Egypt's production and consumption of fuel has decreased to 25%, compared to 35% at the beginning of 2018.
Egypt has imported a total of 17 liquefied natural gas (LNG) cargos during Q1 of fiscal year (FY) 2018/19 worth $500 million.
Noble Energy, Delek Drilling and Egypt East Gas Company have purchased a 39% stake in the Eastern Mediterranean Gas Company (EMG), paving the way for Israel to begin exporting natural gas to Egypt.
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