Egypt has commenced the construction of a gas pipeline with an expected capacity of 15 million cubic feet of gas per day in the Western Desert.
The head of Egyptian General Petroleum Corporation (EGPC) Abed Ezz El Regal said the company’s current production is about 74,000 barrels of oil equivalent per day.
In September, Egypt signed nine new natural gas exploration agreements with international companies, bringing the total number to 44.
The new exploration licenses will lead to $1 billion worth of investment with signature grants amounting to $24 million.
With eight new discoveries of natural gas, in 2020 – two discoveries in the Mediterranean and six in the Western Desert, adding an estimated 600 billion cubic feet of new reserves, the total average production of natural gas amounted to more than 6.8 billion cubic feet, covering the entire needs of the local market.
Four projects were implemented for the development and production of gas from the discovered fields with investments of more than $4 billion, and 15 new wells were placed on the gas production map, with an average daily production of 1.4 billion cubic feet of gas and more than 25,000 barrels of condensate.
The average daily local consumption of natural gas amounted to more than 6 billion cubic feet.
The electricity sector consumed most gas, accounting for more than 60 percent of production, followed by the industrial sector with more than 22 percent and the petrochemical and gas derivatives industry with about 11 percent. Domestic home and vehicle use took and 6 percent.