CAIRO – 27 February 2019: Egypt’s natural gas exports from Idku plant rose to currently 800 million cubic feet of liquefied natural gas (LNG) per day up from about 250 million cubic feet per day in early January and 300 million cubic feet per day in 2018.
Egypt’s Minister of Petroleum Tarek el-Molla clarified to a local newspaper that LNG exports from Idku rose, so Egypt strongly returned to international markets after achieving self-sufficiency.
Molla added that Egypt has taken steps to become a regional hub for energy trading, including exporting liquefied gas from Idku export plant or supplying quantities of gas to Jordan to meet part of its needs.
He elaborated that the amount of gas directed to exports gradually increased because the local consumption lessened during the winter session and the production rate increased, meeting the needs of the industrial sector, power plants, cars and houses.
Petroleum Minister Molla referred to his ministry’s plan to link wells of Zohr, North Alexandria and Burullus to contribute in increasing the local production and covering the consumption rates, and to operating liquefaction plants, besides the gas coming from Cyprus and Israel.
