Idku natgas exports reduced by 80% since August -source

Natural gas exports from Shell’s Idku terminal have been reduced by 80% since August due to low global prices and oversupply, an oil industry source told the local press. The terminal is currently exporting 100 mcf/d, down from around 500 mcf/d in August. Exports fell from 600 mcf/d in July due to rising domestic consumption, an EGAS source said in August. The Oil Ministry said last week that has reduced gas production to 6 bcf/d from 7 bcf/d due to lower domestic international demand.