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

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 >>

Australia >>  4/17/2019 - Senex Energy Ltd had agreed a domestic gas sales agreement for up to 3.25 petajoules (PJ) of natural gas with south-east Queensland manufacturer CSR L...
Russia >>  4/10/2019 - A working meeting between Alexey Miller, Chairman of the GazpromManagement Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took p...

United States >>  4/10/2019 - U.S. Secretary of Energy Rick Perry issued the following statement after the signing of President Trumpís Executive Orders promoting energy infrastruc...
Russia >>  4/9/2019 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sylvie Bermann, Ambassador Extraordinary and Plenipotentiar...

Russia >>  4/9/2019 - The Program for standardization of developing technologies and equipment in oil refining, petrochemistry, and natural gas processing and liquefaction ...
Egypt >>  4/5/2019 - Minister of Petroleum and Mineral Resources Tareq el Molla has discussed in a meeting with Jordanian Minister of Energy and Mineral Resources Hala Zwa...

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 | 24 |

More News

Related Links

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