Natural Gas | Egypt Oil & Gas - Part 55

Egypt’s Natural Gas Output Increases 19% YOY

Egypt’s natural gas output increased by 18.998% year-on-year (YOY), reaching 4.278 million tons in January 2019, up from the 3.595 million tons produced in January 2018.

Egypt to Increase Natural Gas Production to 8 bcf/d

The country is implementing 19 projects to produce around 55,000 barrels of condensates, which will help in covering the local market's demands.

Iraq Buys Iranian Oil Sanctions-Free for 90 Days

The US allowed Iraq to continue importing energy from Iran without sanctions for a 90-day waiver.

Power Plants Comprise 65% of Local Gas Consumption

Households and factories follow power plants in natural gas consumption.

GASCO’s Distribution Rises 6% in 2018

Developing the national grid is an essential component in Egypt’s strategy to become a regional hub for natural gas

Zohr Production to Exceed 3 bcf/d by the End of 2019

The field's current production recorded over 2 bcf/d, which directly contributes to help Egypt reach natural gas self-sufficiency by the end of 2018.

Pipeline Issues Delay Israeli Gas Flow to Egypt

Companies involved in the $15 billion gas deal revealed the issues in the pipeline will need more work than what was initially planned to start transporting natural gas.

Eni Announces New Gas Discovery in Egypt’s Offshore

Eni has made a new gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession.

Dana Gas Expects Financial Impact on Iraqi Kurdistan

Dana Gas expects to generate a financial impact in Iraqi Kurdistan through its latest gas sales agreements with the KRG.

Kuwait to Increase Gas Output Capacity by 2031-2032

Kuwait plans to increase the natural gas production capacity to reach 3.5 bcf/d by 2031-2032.

Page 55 of 104

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