Oil & Gas

Idku, Damietta gas export plants to run at full capacity by end of 2019?

LNG Terminal in Egypt

“The start of the third production unit at Egypt’s giant Zohr offshore gas field earlier this week, the country’s need for LNG imports is rapidly drawing to a close,” LNG World Shipping writes. It’s a good dive into recent developments in the field. The bottom line: LNG imports are on track to phase out by year’s end, and we’ll likely see LNG the liquefaction plants at Idku and Damietta running at nameplate capacity by the end of next year. Having been cheerleaders for Egypt’s emergence as a regional energy hub since we started writing back in 2014, we couldn’t be happier about this one.

(Source: Enterprise.press)

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