Egypt’s EGAS lowers gas imports in February

The Egyptian Natural Gas Holding Company (EGAS) has reduced the quantity of gas imports due to decline in domestic demand.

The volume of Egypt’s imported gas has fallen to an average of around 650mn cubic feet per day compared with 700mn cubic feet per day in January, Daily News Egypt reported Saturday.

The two floating terminals that Egypt employs have capacity of 1.2bn cubic feet per day.

Gas consumption in power plants declined to about 2.7bn cubic feet per day compared with 2.8bn cubic feet in January.

EGAS will import 80 LNG shipments worth from $2.5bn to $3bn in 2016.

Source: Daily News Egypt