Wednesday, January 2, 2019

Egypt exporting 520 mln cubic feet of LNG per day from Idku plant - official - REUTERS

JANUARY 2, 2019 / 11:03 AM

CAIRO, Jan 2 (Reuters) - Egypt is currently exporting 520 million cubic feet of liquified natural gas (LNG) per day from its Idku export plant, a petroleum ministry official said on Wednesday.

The country had been exporting 300 million cubic feet of LNG, the official said.

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

TEKMOR Note: The Idku Natural Gas Liquefaction Company is co-owned by:

  • The Egyptian Gas Holding Co 12%
  • The Egyptian General Petroleum Corporation 12%
  • Royal Dutch Shell (via BG acquisition) 38%
  • PETRONAS 38%

(Reporting by Ahmed Ismail; Writing by Nadine Awadalla; editing by Louise Heavens)