Daily News Egypt

Mediterranean fields produce 58% of Egypt's gas in 2018/19: EGAS - Daily News Egypt

Advertising Area

Advertising Area

Mediterranean fields produce 58% of Egypt’s gas in 2018/19: EGAS

 Western Desert concessions produce 1.38 bn scf/day

Egyptian Natural Gas Holding Company (EGAS) revealed that 58% of Egypt’s gas production comes from deepwater fields in the Mediterranean, accounting for about 4bn cubic feet of gas per (scf/day) during fiscal year (FY) 2018/19.

EGAS report, obtained by Daily News Egypt, showed that the concession areas of the Delta account for 20% of the gas produced domestically, representing 1.38bn scf/day in FY 2018/19.

The production capacity of the gas fields in the concession areas of Western Dessert amounted to 1.38bn scf/day, equivalent to 20% of gas production in the same period.

On the other hand, only 2% of gas production comes from the fields of the Gulf of Suez, Sinai, and the Eastern Desert.

The EGAS report estimated the total natural gas production at 6.92bn scf/day. The total gas sold in export and on the local market reached 6.39bn scf/day while operations of oil and gas fields consume 522m scf/day.

The report included that the sold gas is divided to about 5.97bn scf/day for the domestic consumption of electricity, factories, houses and cars, and about 420m scf/day destined for export through the Jordan line and Idku liquefaction plant.

The Ministry of Petroleum has reduced Egypt’s production of natural gas currently to about 6bn scf/day instead of 7bn scf/day, due to the decline in domestic market consumption and export.

A source at the Ministry of Petroleum said that Egypt has achieved a surplus of natural gas production estimated at 1bn scf/day.

He pointed out that the consumption of power plants decreased to about 3.7bn scf/day compared to 4.5bn scf/day during the months of last summer due to lower temperatures.

The source added that Egypt’s natural gas production is expected to increase to 7.5bn scf/day during 2019/20.


Advertising Area

Breaking News

No current breaking news