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Tuesday, 18 July 2017

Egypt’s natural gas output is expected to increase by 50% in 2018 and 100% in 2020 -Oil Ministry

Egypt’s natural gas output is expected to rise 50% in 2018 and 100% by 2020 thanks to recent gas field discoveries, the Oil Ministry said in a statement picked up by Reuters. “The fields of Zohr, North Alexandria and Nooros are among the most important projects that will increase natural gas production … and will contribute to natural gas self-sufficiency by the end of 2018,” Minister Tarek el Molla said. Output in 2017 climbed to c. 5.1 bcf/d from 4.4 bcf/d in 2016 after BP launched phase one of its North Alexandria concession. With domestic output on the rise, Egypt is looking to trim its natural gas imports in 2018 and is already in talks with “suppliers to defer contracted shipments this year,” the newswire adds.

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