Egypt to Double Natural Gas Output in 2020
Monday, 4th February 2019
Egypt targets increasing natural gas production by 100% in 2020 compared to output in 2015/16 upon adding full production of Zohr, West Delta, Atoll and Nooros.
The four projects are being conducted and added to production according to plans with total investments estimated at $27.2 billion, Minister of Petroleum, Tarek El Molla told Al Borsa News.
El Molla estimated the production capacity of the four fields at around 6.5 billion cubic feet per day (bcf/d) of natural gas, after linking all phases to the national gas grid.
The Ministry of Petroleum successfully increased natural gas production by 60% in fiscal year (FY) 2018/19, compared to 2015/16, El Molla noted.
Egypt’s production averaged at 4.5 bcf/d in 2015/16, due to the natural decline in fields in the previous years and not adding any new fields to production.
The ministry aims to operate 11 new natural gas and oil producing projects in FY 2019/20 in deep water areas in the Mediterranean Sea, the Gulf of Suez, and the Western Desert, El Molla pointed out.