ENERGY

Egypt gas output at 6.6 bln cubic feet per day

Egyptian President Abdel Fattah al-Sisi and Petroleum Minister Tarek al-Molla inaugurating the offshore Zohr gas field in the northern Suez canal city of Port Said. (AFP)

Egypt’s natural gas output has risen to 6.6 billion cubic feet per day after an increase in production at its mammoth Zohr offshore gas field, an energy official said on Saturday.

Output at Zohr rose to 2 billion cubic feet per day, the petroleum ministry said on Friday.

Egypt aims to be a regional hub for the trade of liquefied natural gas (LNG) after a string of major discoveries in recent years including Zohr, which holds an estimated 30 trillion cubic feet of gas.

In late January, Egyptian President Abdel Fattah al-Sisi and Petroleum Minister Tarek al-Molla inaugurated the offshore Zohr gas field in the northern Suez canal city of Port Said.

At the ceremony Sisi said the country is expected to save $2.8 bln annually by ceasing to import liquified natural gas following production from the field which was discovered in 2015 by Italian energy giant Eni, with an initial 350 mln cubic feet (10 mln cubic meters) a day.

 

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Last Update: Saturday, 8 September 2018 KSA 12:28 - GMT 09:28
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