Egypt reaffirms plans to achieve natural gas self sufficiency this year

President Sisi Zohr

President Abdel Fattah El Sisi reaffirmed Egypt’s plans to achieve natural gas self sufficiency this year during the official inaugural ceremony of the supergiant Zohr gas field yesterday, according to an Ittihadiya statement.

Oil Minister Tarek El Molla had said last week that Zohr, which began production in December ahead of schedule, could help Egypt halt all LNG imports by July this year, instead of late 2018 or early 2019, saving the state as much as USD 250 mn a month.

The offshore Mediterranean field, which holds an estimated 30 tcf of reserves and currently pumps a daily 350 mcf, is expected to reach a target 2.7 bcf/d by the end of 2019, helping “restore the nation as a gas supplier for the eastern Mediterranean region,” Bloomberg notes. Egypt Today has put together a neat list of all Zohr-related facts and figures.

(Source: Enterprise.press)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s