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24 May 2016, Mariyana Kraleva, EMIS Editor

Egypt's gas production could reach 6 billion cubic feet by year-end 2019

Country’s Oil Minister, Tarek El-Molla has announced that the country plan is to boost its natural gas output from the current 3.9 Bcf/d to between 5.5 and 6 Bcf/d by 2019 ending.

Egypt has become a net importer because of reducing oil and gas production and growing consumption.

Currently the country has 12 natural gas field development projects estimated at a total of $33 billion in investment ongoing, El-Molla added during his speech in the port city of Damietta.

The non-OPEC producer is also planning to hire its third floating and storage regasification unit (FSRU) by the second quarter of 2017.

Sign in and read the full article in emis.com Original source: BBJ - Energy Today

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