Egypt: Record Gas Output, Exports At Seven-Year High

Soaring Mediterranean output boosted Egypt gas production to a quarterly record of 6.57mn cfd for Q1, with output hitting a new monthly record of 6.66bn cfd for March – the latest official data shows. But the bigger rise has come with the end-March start-up of the sixth 400mn cfd processing train at Eni’s giant 21.5tcf Zohr field, taking output capacity to 2.3bn cfd from 10 production wells.

This saw Egypt’s overall output hit a new record 6.9bn cfd for April, according to local media, citing ministry sources.

A seventh Zohr processing train is due online in July, while the final eighth plant should come online by the end of the year raising output to full 3.2bn cfd capacity from 13 producing wells. On the back of this and gains at other offshore fields, Egypt is targeting total output of 7.6bn cfd by the end of 2019 and 8bn cfd by mid-2020. The latter would be more than 2bn cfd (or a third) higher than Egypt’s record annual output of 5.95bn cfd set in 2010 (2018 with 5.89bn cfd fell just short). (CONTINUED - 884 WORDS)

DATA INSIDE THIS ARTICLE

chart Egypt Gas Output Rises To Quarterly Record 6.57bn Cfd For Q1 As Key Med Output Gains Offset Falling Western Desert Production (Bn Cfd)