Royal Dutch Shell’s Idku liquefaction plant has increased exports of natural gas to 500 mcf/d, up from 300 mcf/d previously, a source from EGAS said, attributing the move to a further decline in local consumption levels during winter. Just last month, the company increased LNG exports to 300 mcf/d from 250 mcf/d in October. Shell and the Oil Ministry had agreed in 2016 to gradually ramp up production at the Idku LNG plant.
More from Enterprise
CBE tightens oversight on NBFIs banking amid debate
The move comes amid a growing debate over the rapid…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
Beltone opens subscriptions for Egypt’s first silver fund today, plans five more funds
The fund invests directly in physical silver
Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads
The fintech pioneer taps Group CFO Abdelmeguid Afifi to run…