«Oil»: Egypt imported seventeen shipments «before the declaration of self-sufficiency of gas» Saqr News, stating the portal of sunrise that we publish to you «Petroleum»: Egypt imported seventeen shipments «before the declaration of self-sufficiency of gas »,« Petroleum »: Egypt imported 17 shipments« Before the declaration of self-sufficiency of gas »We today publish our visitors new news via our Saqr News and start with the main news," Petroleum ": Egypt imported 17 shipments« before the declaration of Self-sufficiency of gas ».
Saqr News «Abdul Aziz»: the end of the import savings era with 1.5 billion dollars annually
Hamdi Abdel Aziz, spokesperson for the Ministry of Petroleum and Mineral Resources, said Egypt imported 17 shipments of liquefied natural gas (LPG) worth $ 500 million during the first quarter of this fiscal year before the Minister of Petroleum Egypt self-sufficiency in gas announced.
According to Abdul Aziz, the number of LNG cargoes (liquefied natural gas) during the last fiscal year was 76 shipments with a value of 1.8 billion dollars, compared with 118 shipments in the tax year 2016-2017 worth 2.5 billion dollars.
The Minister of Petroleum and Mineral Resources Tariq Al-Mulla announced yesterday that Egypt has stopped importing LNG from abroad after receiving the last cargo of gas that was imported last week.
He said that Egypt has achieved self-sufficiency of gas because of the increase in field production has steadily increased since January so far by about 6 times, it increased from 350 million cubic feet of gas per day to 2 billion cubic feet per day and access from other fields to production, Gas up to 6 billion cubic feet of gas per day.
The Minister added that the achievement of gas self-sufficiency takes part in supplying supplies to all consumed economic sectors, whether it be electricity or industry, housing and other sectors.
According to Abdul Aziz, in which Egypt blocks the import of liquefied natural gas from abroad, annual savings of $ 1.5 billion will be achieved, with the emphasis that Egypt continues with its plan to become an energy hub in the region. .
Natural gas production in Egypt rose by 10 percent to 6.6 billion cubic feet per day after increasing production from the offshore field, compared with 6 billion cubic feet per day in July.
According to Mulla, Egypt wants to increase its natural gas production to 6.75 billion cubic feet per day by the end of this year.
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source: Shorouq Portal