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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…

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