Shell invests in Mina West gas development in Egyptian Mediterranean Sea    Egypt's FM highlights 'soft power' in Mali meeting with alumni    Egypt's foreign minister opens business forum in Niger, targets new partnerships    Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties    Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



Mediterranean fields produce 58% of Egypt's gas in 2018/19: EGAS
Western Desert concessions produce 1.38 bn scf/day
Published in Daily News Egypt on 28 - 10 - 2019

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.


Clic here to read the story from its source.