Natural Gas | Egypt Oil & Gas - Part 56

Egypt Supplies 15.6 M Tons of Petroleum Products in 6 Months

Investments in the oil and gas sector's E&P recorded $2.6 billion, the report noted, revealing that exploration and development in the South Valley recorded $4.7 million.

Private Sector Companies Freeze Natural Gas Imports

Private sector companies stopped applying for natural gas import licenses as Egypt’s natural gas production grew to 6.8 bcf/d achieving self-sufficiency with surplus of exports.

Oman’s Gas Production to Exceed Oil by 2030: Rystad Energy

Oman’s natural gas production level is expected to exceed the country's oil level by 2030 because of the sultanate’s gas field developments.

Shell Gas Production from Burullus and Rashid Drops by 37.5%

Royal Dutch Shell natural gas production from Burullus and Rashid fields declined by 37.5%, reaching 250 mmscf/d compared to 400 mmscf/d a year ago due to the natural decline of wells.

Egypt Exports 350 mmscf/d of Natural Gas to Jordan

Egyptian natural gas exports to Jordan reached 350 mmscf/d compared to 100 mmscf/d in January 2019.

EKH Announces Gas Reserves in Offshore North Sinai

Seismic surveys showed that offshore North Sinai concession has 2.352 tcf of natural gas and 112 million barrels of condensates.

Egypt’s Natural Gas Output Increases 20.99% YOY

Egypt’s natural gas output increased by 20.99% YOY, reaching 4.178 million tons in December 2018, up from the 3.453 million tons produced in December 2017.

Egyptian Natural Gas Output Reaches 6.8 bcf/d

Egyptian natural gas output has reached 6.8 bcf/d upon adding production from the West Nile Delta project phase 2 as well as other projects.

CBE to Offer Loans for Natural Gas Vehicle Conversion

The Central Bank of Egypt (CBE) will offer 5% interest loans to encourage car owners to transform their vehicles to natural gas-powered or mixed-fueled cars, running with both natural gas and gasoline

ACWA Power to Pay $90 M in Natural Gas Pipeline Construction

ACWA Power and the Ministry of Petroleum and Mineral Resources agreed to pay $90 million to deliver natural gas through a pipeline connected to the company's electric power plant in Luxor.

Page 56 of 104

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