Egypt’s Idku gas liquefaction plant should be working at full export capacity by June following linkage to the Eastern Mediterranean gas fields, with exports increasing to 1.13 bn cubic feet of gas per day (scf/day) up from the current 800 mn scf/day, Oil Minister Tarek El Molla told Daily News Egypt in an interview on Saturday. With Egypt working to achieve self-sufficiency in gas production, any surplus will be exported through the Idku plant and the Jordan gas pipeline, El Molla said.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…