Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2015-07-01 19:10:00

EGYPT'S GAS DOWN

EGYPT'S GAS DOWN

Egypt's average natural gas production declined this year to 4.395bn cubic feet per day, compared to about 4.6bn cubic feet in 2014.

A Petroleum Ministry report revealed that foreign partners are slowing down the development processes of fields, leading to a decline in the gas production rate and an inability to connect compensatory wells.

The Petroleum Ministry expected gas production to reach 5.4bn cubic feet per day, and consumption to reach 5.57bn cubic feet per day, in the fiscal year (FY) 2014/2015.

The report explained that the Pharaonic Petroleum Company (PhPC) is one of the most prominent companies with a total production decline of 95m cubic feet in FY 2014/2015 compared to FY 2013/2014. The company was followed by Petrobel, with a production decline of nearly 92m cubic feet.

The natural decline rate of Egypt's wells production is estimated at 130m cubic feet of gas per month. Companies need to drill compensatory wells to compensate for the decline rate and increase production, according to the report.

The report explained that Oil Company in Suez, Soco, increased its gas production by 82m cubic feet in 2015, followed by Badr El Din Petroleum Company (BAPETCO) by 73m cubic feet.

An Egyptian Natural Gas Holding Company (EGAS) official said that power stations now use about 3.45bn cubic feet of Egypt's natural gas production per day.

egyptoil-gas.com

Tags: EGYPT, GAS

Chronicle:

EGYPT'S GAS DOWN
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

EGYPT'S GAS DOWN
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

EGYPT'S GAS DOWN
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

EGYPT'S GAS DOWN
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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