Daily Natural Gas Production to Increase by 30% by End of 2025
The country’s daily natural gas production, which stands at 4.6 billion cubic feet, will be increased to 6 billion cubic feet.
The Egyptian government is planning on increasing its daily natural gas production by 6 billion cubic feet by the end of 2025, equating to a 30% increase. Currently, the country’s daily natural gas production stands at 4.6 billion cubic feet.
In achieving this goal, the state is aiming to place several new natural gas fields on the production map in the near future.
The news comes as US energy company Chevron announced that they would start drilling an exploratory well off Egypt’s Mediterranean coastline at the Nargis concession, at the cost of an estimated USD 150 million. Dutch oil company Shell and Malaysian energy company Petronas have also reportedly committed USD 420 million to develop the 10th and 11th phases of the Burullus gas fields in the West Delta region.
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Nov 28,2024
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