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Egypt’s Natural Gas Exports Reach Staggering 520 Million Cubic Feet Per Day

The numbers speak well of Egypt's plan to become a regional energy hub.

Natural Gas Plant

Egypt’s Ministry of Petroleum has revealed that 520 million cubic feet of liquefied natural gas are being exported daily from the Idku export plant in the governorate of El Beheira - a 220 million cubic feet increase on previous export numbers, according to Reuters.

The gas is exported by Malaysia’s Petrona and Royal Dutch Shell, as well as Egypt’s two main state oil and gas companies.

The announcement comes after a year in which authorities stepped up efforts to not only achieve self-sufficiency in natural gas, but to also establish Egypt as the premier energy hub in the East Mediterranean, with September 2018 witnessing the every last shipment of imported gas into the country.

Referring to a sweeping strategy to achieve status of regional energy hub, Minister of Petroleum and Mineral Resources, Tarek El Molla, revealed a three-step plan; studying similar projects worldwide; technical and economic assessment for alternatives; and setting a plan for implementation.

Main image: cdn2.com


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