Despite being a major producer of natural gas, Egypt has struggled over the past eight years to bring the liquefied natural gas production segment to full capacity. It is now done.
Tarek El Molla, Egypt’s energy minister, told reporters on December 2 that the country’s two liquefied natural gas (LNG) production facilities are now operating at maximum capacity. They process a total volume of 1.6 billion cubic feet per day. At the same time, national natural gas production is stable in the 6.5 to 7 billion cubic feet per day range, he continued.
The announcement comes after the disruption of the Damietta production plant for more than eight years, which finally restarted last February. It took 10 months to regain its full production capacity. This has enabled the country to increase its exports of liquid fuel to the European market.
The country wants to become an important regional natural gas hub. To do this, it is active on several upstream projects, in order to increase domestic production. In addition, it imports raw gas from Israel which it then exports after processing. The volumes processed are expected to increase over the next few years and allow the North African country to meet its target.”