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27 August 12:00 AM

Egypt to achieve self-sufficiency of natural gas by end of 2018 - min.

Egypt will realize self-sufficiency of natural gas by the end of 2018, Egyptian Petroleum Minister Tareq El-Mulla said.

Delivering a lecture on the fringe of meetings of the executive committee of the International Gas Union (IGU) in Cairo, Mulla referred to four mammoth natural gas projects; Zohr, Atoll, Nawras and West Nile Delta, which started production in one year with a total daily output of 1.6 billion cubic feet of natural gas.

He added that natural gas represents more than 75% of Egypt's total petroleum reserves and 25% of crude oil.

Mulla reviewed the steps being taken to turn Egypt into a regional hub for natural gas and petroleum.

He noted that Egypt worked with the European Union on several technical support programs in addition to striking deals with several regional countries to magnify the benefit of natural gas discoveries in the Mediterranean Sea.

The president of the International Gas Union (IGU) hailed the progress realizes so far  in Egypt's natural gas industry, thus placing Egypt on the right track.

He praised the record production of Zohr field as cogent proof of Egypt's capability to achieve great success in giant petroleum projects.

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