Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt seeks to increase gas production to 7.95bn scf/day in FY 2019/20: petroleum ministry
New projects to compensate natural decline of gas fields, estimated to be 10%, says source
Mohamed Adel Published in Daily News Egypt on 19 - 05 - 2019

The ministry of petroleum seeks to increase Egypt's natural gas production to 7.95bn cubic feet per day (scf/day) over the upcoming fiscal year (FY) 2019/20, instead of the estimated 7.5bn scf/day in the plan, through connecting the second phase of the North Alexandria project and increasing the production of the Zohr field.
A source in the petroleum sector told Daily News Egypt that the projects currently underway will add about 1.15bn scf/day to the natural production estimated to be 6.8bn scf/day, compensating for the 10% natural decline of the total current production.
He pointed out that Zohr's production will increase with the development of the second phase by July to 2.95bn scf/day instead of the current 2.3bn scf/day.
The source added that the ministry of petroleum seeks to complete the following phases of Zohr, North Alexandria, and 9B projects to speed up the full connection of the projects' production in order to compensate the decline rate and increase production rates, in addition to developing 11 gas projects in various concession areas up until 2023 with investments worth $18bn to compensate the decline by 2bn scf/day.
He said that the projects include the wells of West Borollos, North Tort, South Seth, Rahmat, Satis, Salamat, Merit, Tinine, Waten, and Terra.
He added that natural gas consumption rates in the local market are growing annually according to the industrial and urban development plan with the increase of the number of cars which operate with natural gas.
The average consumption of the local market will increase to about 9bn scf/day by FY 2020/21, according to the plan of industrial development and increasing the electric energy produced, as well as delivering gas to homes, as well as turning the largest number of cars to operate with gas instead of petroleum products.
Imported shipments of liquefied gas will stop as self-sufficiency is achieved. The gasification ship affiliated to Norwegian Singaporean BW Gas company will also be utilised to meet the needs in case importation of gas was required.
The source stressed that the ministry is working to encourage foreign partners to implement development projects and increase investments in Egypt.
Furthermore, the ministry of petroleum seeks to increase the production of the current gas fields and complete the development of the discovered gas fields.

Clic here to read the story from its source.