Tuesday, 16th February 2016

The Egyptian Natural Gas Holding Company (EGAS) decreased the volume of imported gas by approximately 7%, to reach 650 mcfd compared to 700 mcfd in January. The decline was due to the decrease in domestic consumption, a senior official at EGAS told Daily News Egypt.

The source added that a liquefied natural gas shipment (LNG) is on its way to Ain Sokhna port, and it is expected to add approximately 500 mcfd for a week.

EGAS is planned import 80 LNG shipments during 2016, worth around $2.5b to $3b. The shipments will secure 1 bcfd for energy generation as well as the industrial sector.