Italian agency highlights rise in Egypt’s gas output in FY2020

Italy’s agency, Nova highlighted the increase in Egypt’s natural gas output to hit 226 million cubic meters per day during the financial year 2019/2020.

It affirmed that Egypt will become a main source of energy to Europe soon.

“The goal can be achieved with the development of all gas fields in the coming period and this will be an” unprecedented “share of the country,” Minister of Petroleum Tarek el-Molla said, according to the agency.

He added that this is the result of the success of the ministerial strategy supported by strong political and economic stability.

The European Union expressed its support for Egypt to become a regional gas center, using gas liquefaction plants in Edco and Damietta to export gas to European markets.

El-Molla said on Saturday Egypt’s production of gas will reach around 8 billion cubic feet per day within the financial year 2019/2020. He announced in 2018 that Egypt achieved self-sufficiency in gas production.

Egypt stopped importing liquefied gas in September after adding 1.6 million cubic feet to its production from its latest gas discoveries, including West Delta’s Taurus and Libra fields, as well as the Atoll and Zohr gas fields.

Source: Egypt Today