The Egyptian Natural Gas Holding Company (EGAS) estimated Egypt’s demand of gas to reach 5.3bcf/d. The company added that Egypt is fully securing the demand, without decreasing supply to any of the country’s sectors, reported Al Borsa.
This comes as a source with EGAS stated that Egypt’s natural gas production increased from 4.35bcf/d to 4.45bcf/d in November due to connecting new wells to the national grid to compensate for decline rates in natural gas production. He further explained that the country added new wells to production with capacity 100mcf/d of gas. Moreover, Egypt imports 900mcf/d of gas through the two floating storage regasification units (FSRU) in Ain Sokhna, as well as 1mcf/d of gas through the FSRU located at Jordan’s Aqabba Port.
In related news, EGAS had stated that local production of natural gas local would reach 5bcf/d by the end of 2017 and would continue increasing through the addition of fields from North Alexandria Concession and from Zohr to the national grid until 2020.