CAIRO, April 20, 2018 (MENA) – Egypt is on its way to achieve natural gas self-sufficiency by the end of 2018, Petroleum Minister Tareq el Molla said Friday. Addressing the audience attending a lecture he gave on the sidelines of the annual meetings of the International Gas Union's (IGU) executive committee in Cairo under the chairmanship of President of the IGU David Carroll, Molla said the Egyptian gas sector saw major progress as the gap between the supply and demand had been narrowed. Up to four major gas projects, namely those of Zohr, Atoll, Noras, and the West Nile Delta, have gone into production in one year, with aggregate daily outputs reaching 1.6 billion cubic feet, the minister said. In his lecture, Molla expounded the latest achievements and progress in the Egyptian oil and gas sector and the government's plan to make Egypt a regional hub for trading in energy products. Natural gas represents more than 75 percent of Egypt's reserves of fossil fuels, making it the best primary energy source to meet a large part of domestic demand, he added. The meetings' agenda included discussing the developments occurring in the international gas market, its challenges, and the global forecasts of the supply and demand, as well as prices.
