The failure of the latest phase of the UK firm’s giant West Delta Deep Marine (WDDM) project has set back Egypt’s overall gas and LNG output. Production will fall throughout 2013.
Output from BG’s flagship WDDM project did rise by 9% to 6.5bcm for 2012 stemming three years of continuous decline including a precipitous 17% fall in 2011 (see graph). However the 2012 rebound was much more modest than the 7.7bcm rise BG had anticipated. (CONTINUED - 813 WORDS)