Gulf Oil and Gas accountACCOUNT

EGAS Provided 2.1 Trillion Cubic Feet of Gas to Local Market in FY 2017/18

Source: Ahram Online 9/17/2018, Location: Africa

Share |
The Egyptian Natural Gas Holding Company (EGAS) provided 2.1 trillion cubic feet of gas to all local market economic sectors in FY 2017/18, leading to a 63% increase in the local consumption rate, according to a press release by the Ministry of Petroleum and Mineral Resources.

The Egyptian natural gas industry has recently witnessed significant progress, which is demonstrated by the increase in local gas production and in new major gas discoveries, said Minister of Petroleum and Mineral Resources Tarek El Molla at an EGAS general assembly meeting held to endorse a report on the budget of the previous fiscal year.

There has also been an increase in the amount of gas supply to mega power stations in the New Administrative Capital and other new urban areas across the state, the minister noted, adding that the industrial sectorís gas consumption constituted 22% of overall consumption.

The ministry gave priority to fulfilling the local marketís gas supply needs to drive up the economic development process and maximize the added value, a goal that the energy sector plays a principal role in, El Molla said.

The ministry has also been maximizing its efforts in the Household Natural Gas Connection Project that aims at increasing household access to reliable, low cost and grid connected natural gas supply in accordance with the directives of President Abdel-Fattah El-Sisi, the minister added.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Natural Gas News in Egypt >>

Russia >>  10/12/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rovnag Abdullayev, President of the State Oil Company of th...
Australia >>  10/10/2018 - Cooper Energy has signed a new gas supply agreement with O-I Australia for the supply of gas for 2019 from its Casino Henry gas production in the Otwa...

Russia >>  10/4/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ulf Heitmueller, Chairman of the Executive Board of Verbund...
Russia >>  10/4/2018 - Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, today signed at the 8th St. Pet...

Qatar >>  10/3/2018 - Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded two 5-year sales agreement to ...
Russia >>  10/3/2018 - Working meetings of Alexey Miller, Chairman of the Gazprom Management Committee, with Ivica Dacic, First Deputy Prime Minister and Minister of Foreign...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.