Monthly consumption of gas increased by about 240,000 tonnes to reach about 3.24m tonnes, according to an official at the Egyptian Natural Gas Holding Company (EGAS). He explained that the growing consumption rates coincide with the volume of production, which also saw a breakthrough and rise to about 3.19m tonnes per month, compared to about 2.5m tonnes per month during 2017. In the same context, the production of the petroleum sector in the first three months of this year increased to 466,000 tonnes compared to 436,700 tonnes during the same period of 2017, an increase of about 30,000 tonnes. As for the volume of imported butane to bridge the gap between production and local consumption, it recorded about 731,000 tonnes compared to about 739,000, down by 8,000 tonnes. EGAS aims to supply 600,000 residential units with natural gas annually as part of the government’s strategy to expand the plan to convert residential and commercial units to natural gas and to reduce subsidies for the import of gas from abroad.

Source: Daily News Egypt May 28, 2018 18:56 UTC