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
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
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
capability to achieve great success in giant petroleum projects.