Egypt’s daily gas output to reach 8bn cubic feet in FY2020

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Egypt’s production of natural gas will reach around 8 billion cubic feet per day within the financial year 2019/2020, said Oil Minister Tarek el-Molla on Saturday.

This output will be achieved after implementing all developmental projects in Egypt’s gas fields, el-Molla told a meeting of the general assembly of the Egyptian Natural Gas Holding Company (EGAS) to review the firm’s planned budget for the coming financial year.

The minister said that these unprecedented amounts come as a direct result of the petroleum ministry’s successful strategy that is backed by Egypt’s current political and economic stability, the Ministry of Petroleum said in a statement.

El-Molla also asserted the continuity of the petroleum sector’s efforts to implement a strategy to attract more foreign investments in the field.

Source: MENA

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