Africa Oil & Gas: Egypt Hopes To Reach Gas Market Balance In 2018, To Export By 2020

mohammed-al-masry

EGAS chief Mohamed Al-Masry

Egypt hopes its gas market will be balanced in 2018 and expects to begin exporting gas by 2020, EGAS chief Mohamed Al-Masry said on Wednesday at an oil conference in Cairo.

Al-Masry also said 2018 will be the last year for Egypt to import gas for the domestic market.

Egypt has gone from exporting energy to being a net importer as domestic output has failed to keep pace with rising demand.

Al-Masry said BP’s North Alexandria field is on a fast track and will be ahead of schedule by six months.

(Reporting by Eric Knecht; editing by Susan Thomas; writing by Asma Alsharif)

Copyright 2017 Thomson Reuters. Click for Restrictions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s