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FINANCIAL NEWS
Egypt aims to export gas in H2 of 2019
05 Feb 2017
(MENAFN) The Egyptian Natural Gas Holding Co. (EGAS) announced that the country is ready to start exporting natural gas in the second half of 2019.
Accordingly, almost EGP2bn were rescheduled on installments, extending over three to five years after payment of 10 percent of the arrears.
In addition, the country consumes 5.2bn cubic feet of gas per day, whereas production amounts to 4.2bn cubic feet.
The country has the necessary infrastructure to allow distribution of almost 9bn cubic feet of gas per day and export 1.88bn cubic feet.
MENAFN0502201700450000ID1095236856
MENAFN0502201700450000ID1095236856
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