Egypt doubles production of gas in Q2 of 2017: Prime Minister - DAILY NEWS EGYPT

Petroleum Minister Sherif Ismail (DNE Photo)

EGP 164bn for public investments, EGP 700bn to pay for the debt service, wages, subsidies in all forms

Mohamed Ayyad, 2 March 2016

According to Prime Minister Sherif Ismail, Egypt aims to double its current production of natural gas the second quarter (Q2) of 2017, driven by recent confirmed discoveries.

Eni Company has made discoveries of gas reserves of up to 15bn cubic metres of gas and condensates in the Delta region.

During a meeting Tuesday with members of 10 Ramadan Investors Association, Ismail stressed that this increase will contribute to augmenting the development processes in all areas, especially industrial expansion, according to a cabinet statement.

BP remains ambitious on gas in Egypt, despite weak oil prices | Euronews / Reuters

REUTERS, 19/01/2016, By Eric Knecht

CAIRO (Reuters) – Britain’s BP Plc <BP.L> aims to double natural gas production in Egypt in the next four years despite weak oil prices as Egypt’s burgeoning energy market offers hope for its battered economy.

Egypt is on a drive to ramp up oil and gas production – aggressively signing exploration contracts, renegotiating production prices, and lobbying companies to speed up projects even as firms worldwide scale back.