Electricity Ministry Estimates Gas Demands at 4.4 bcf/d in Summer
The consumption of electricity-generating plants increased gradually to reach the current 3.4 bcf/d, compared to 3.3 bcf/d consumed in March.
The consumption of electricity-generating plants increased gradually to reach the current 3.4 bcf/d, compared to 3.3 bcf/d consumed in March.
The complex is considered to be the biggest petrochemical project in the Middle East with an investment cost of $10.8 billion.
Egypt's natural gas production increased by around 300 mmscf/d, reaching around 6.9 bcf/d.
Development projects as well as the field's completion will directly contribute to commencing the production from Baltim field by Q3 2019.
The new turnkey contract is an EPC agreement with EGP 550 million of total value.
The company will complete drilling the field's 15th well in April, and with new wells being drilled and production starting by the end of May, the number of the natural gas producing wells will be boosted to 11.
The Cypriot House of Representatives approved the agreement between Egypt and Cyprus to establish a natural gas subsea pipeline between the two countries.
Any price changes would only be announced in official statements from the Egyptian Cabinet, according to the Ministry of Petroleum’s Spokesman, Hamdy Abdel Aziz.
The Egyptian Nuclear Power Plants Authority (NPPA) obtained a site permit to construct El Dabaa nuclear power plant, said Amged el Wakil, head of the NPPA.
The newly acquired asset will add around 70,000 barrels per day (b/d) to the company’s production as it has the potential to produce 100,000 b/d.