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Oil & Gas

Egypt hopes to reach gas market balance in 2018, to export by 2020

Posted: February 16, 2017 at 9:48 pm   /   by   /   comments (0)

EGASEgypt hopes its gas market will be balanced in 2018 and expects to begin exporting gas by 2020, EGAS chief Mohamed Al-Masry said on Wednesday at the Egypt Petroleum Show EGYPS in Cairo.

Al-Masry also said 2018 will be the last year for Egypt to import gas for the domestic market.

Egypt has gone from exporting energy to being a net importer as domestic output has failed to keep pace with rising demand.

Al-Masry said BP’s North Alexandria field is on a fast track and will be ahead of schedule by six months.

(Source: Reuters)

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