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    Egypt exports gas at full capacity: press

Summary

Many LNG exporters are scrambling to expand deliveries to take advantage of record high prices on spot markets.

by: Joseph Murphy

Posted in:

Complimentary, Natural Gas & LNG News, Africa, Liquefied Natural Gas (LNG), Corporate, Exploration & Production, News By Country, Egypt

Egypt exports gas at full capacity: press

Egypt is exporting LNG from its two liquefaction terminals at their full capacity of 1.6bn ft3/day, Egyptian petroleum minister Tarek El Molla told Reuters on December 2. Meanwhile the country's natural gas production is stable at 6.5-7.0bn ft3/d, he said.

Many LNG exporters are scrambling to expand deliveries to take advantage of record high prices on spot markets. Egypt was able to ramp up exports after the relaunch of the Damietta LNG terminal in February this year after a nine-year hiatus, after its operators settled a dispute.

Egypt also imports gas from Israel, and is looking to expand these shipments with a view to relaying some of its gas to its LNG terminals.

For more information on developments taking place in the Egyptian gas sector, click here.