Back to the complete issue
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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.