{"id":560862,"date":"2021-03-16T04:24:45","date_gmt":"2021-03-16T04:24:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/natgas-production-to-fall-back-next-year\/"},"modified":"2021-03-16T04:24:45","modified_gmt":"2021-03-16T04:24:45","slug":"natgas-production-to-fall-back-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/natgas-production-to-fall-back-next-year\/","title":{"rendered":"Natgas production to fall back next year?"},"content":{"rendered":"

<\/a> Egypt\u2019s natural gas output could dip next year:<\/strong> Egypt anticipates natural gas production coming in at 7.2 bcf\/d in FY2021-2022, the Oil Ministry said in a statement<\/a> on Sunday. This would be more than 250 mcf\/d short of projections for the current fiscal year, which see daily production reaching 7.54 bcf\/d<\/a>, up significantly from 6.55 bcf\/d in FY2019-2020. Natgas production from the Zohr field currently stands at 3 bcf\/d, Oil Ministry spokesman Hamdi Abdelaziz told Ala Mas\u2019ouleety\u2019s Ahmed Moussa last night (watch, runtime: 16:41<\/a>).<\/p>\n

The ministry is trying to ramp up exploration activity:<\/strong> Nine agreements worth USD 981 mn were signed to drill 18 natgas exploration wells in the first half of FY2020-2021, and last month the ministry launched its first oil and gas exploration auction<\/a> of the year, putting up 24 blocks for auction in a round that will conclude on 1 August. It also aims to finish drilling 10 wells in the Delta and the Mediterranean, make preparations to drill another nine, and sign three development agreements worth almost USD 380 mn.<\/p>\n

We\u2019re also going to be exporting more:<\/strong> This comes a few weeks after the Damietta LNG plant restarted operations and sent out trial shipments<\/a> of gas, almost eight years after shutting down in 2012. The facility has a production capacity of 4.9 tonnes per year<\/a>, and has helped to raise Egypt\u2019s export capacity to 27 mn cbm\/d<\/a> in January and February, more than double the rate in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s natural gas output could dip next year: Egypt anticipates natural gas production coming in at 7.2 bcf\/d in FY2021-2022, the Oil Ministry said in a statement on Sunday. This would be more than 250 mcf\/d short of projections for the current fiscal year, which see daily production reaching 7.54 bcf\/d, up significantly from 6.55 […]<\/p>\n","protected":false},"author":1,"featured_media":560863,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"47928718-7dfe-47d6-a41f-10b46e9e62a1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/212.jpg","photo_position":"above","related_issue":[560857],"teaser":"","voice_url":""},"yoast_head":"\nNatgas production to fall back next year? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/natgas-production-to-fall-back-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Natgas production to fall back next year?\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s natural gas output could dip next year: Egypt anticipates natural gas production coming in at 7.2 bcf\/d in FY2021-2022, the Oil Ministry said in a statement on Sunday. 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This is an upward revision from recent Oil Ministry projections that saw Egypt reaching the same figure at a later time in 2021.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635799,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/oil-ministry-expecting-egypts-natgas-output-to-reach-6-4-bcf-d-by-mid-2018\/","url_meta":{"origin":560862,"position":2},"title":"Oil Ministry expecting Egypt\u2019s natgas output to reach 6.4 bcf\/d by mid-2018","author":"enterpriseam admin","date":"13 December 2017","format":false,"excerpt":"Egypt\u2019s natural gas output is expected to reach 6.4 bcf\/d by mid-2018, by which time Zohr will be producing 750 mcf\/d and the Nooros gas field will be producing 100 mcf\/d, Oil Ministry sources tell Al Borsa. Oil Minister Tarek El Molla had previously said natural gas output will reach\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598312,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/egypts-target-for-natgas-production-increases-to-7-95-bcf-d-in-2019-20\/","url_meta":{"origin":560862,"position":3},"title":"Egypt\u2019s target for natgas production increases to 7.95 bcf\/d in 2019-20","author":"enterpriseam admin","date":"21 May 2019","format":false,"excerpt":"The government has raised its target for natural gas production to 7.95 bcf\/d during FY2019-2020, up from 7.5 bcf\/d in the current plan, an industry source told the press. Linking the second development phase of wells at the North Alexandria field, as well as an expected increase in production from\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592080,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egas-to-increase-gas-production-by-3-2-bcf-d-by-mid-2022\/","url_meta":{"origin":560862,"position":4},"title":"EGAS to increase gas production by 3.2 bcf\/d by mid 2022","author":"enterpriseam admin","date":"25 December 2019","format":false,"excerpt":"EGAS aims to increase Egypt\u2019s natural gas production by 3.2 bcf\/d by mid-2022 to offset natural production decline and maintain total output at 7.5 bcf\/d, an EGAS official told the local press. Egypt\u2019s current production of natgas amounts to 7 bcf\/day and is projected to rise to 7.5 bcf\/d by\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593877,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/idku-natgas-exports-reduced-by-80-since-august-source\/","url_meta":{"origin":560862,"position":5},"title":"Idku natgas exports reduced by 80% since August -source","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"Natural gas exports from Shell\u2019s 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\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560862"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560862\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/560863"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560862"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560862"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}