FILE – Natural Gas
CAIRO – 24 September 2019: Egypt has put a number of gas fields on the map of production during the last period, which was reflected on the rates of gas production in September to hit 7.2 billion cubic feet per day.
The following are the most important figures that drew the map of natural gas activity in the last period:
1- Launching aninternational tender for oil and gas exploration in 10 sectors in the Red sea.
2- Signing Noor Marine Agreement, with investments of research and exploration amountingto about $85 million.
3- The value of investments in the field of research, development and operation of natural gas activity reached about $3.7 billion during 2018/2019.
4- Egypt's natural gas production has risen to unprecedented rates.
5- Total production of natural gas has reached about 2,336 billion cubic feet during the year with a growth rate of about 21 percent.
6- The entry of a number of new gas field development projects to production, the most important of which is the development of Zohr field, where the rate of production reached about 2.7 billion cubic feet/day in August 2019, before the planned date by about 4 months.
7- Achieving self-sufficiency of gas after receiving the last shipment of liquefied gas at the end of September 2018.
8- Covering the needs of the local market of gas for various sectors of the state after providing 2,178 billion cubic feet for domestic consumption.
9- Exports of natural and liquefied gas hit 226 billion cubic feet, with an increase of 18 percent, compared to the target with a value of $1.2 billion.
10- Gas delivery to1.230 million housing units, with an increase of 23 percent, compared to the planned numbers.
11- The number of gas cylinders that have been replaced by natural gas reached about 22.14 million cylinders.The gas was delivered to 1841 commercial consumers and 40 factories during 2018/2019, in addition to converting about 32.28 thousand cars to work with natural gas during the same year.