Sunday, January 22, 2017

61 gas shipments in 1H17 – EGAS - ENTERPRISE / AL SHOROUK

Sunday, 22 January 2017

The first half of 2017 will see Egypt importing 61 liquefied gas shipments, with that number set to drop to 25 during 2H17, Al Shorouk reported EGAS chief Mohamed El Masry as saying. This comes as Egypt is looking to increase its production of natural gas to 5.3 bcf/d in FY2017-18, a source at EGAS told Reuters’ Arabic service. Egyptian gas output averaged around 4 bcf/d in FY2015-16 and is expected to average 5 bcf/d in FY2016-17. As more fields, particularly Zohr, are brought onstream, output is expected to increase to 6.8 bcf/d by FY2018-19. First gas from Zohr is expected by the end of this year.
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