Egypt Eyes Gas Imports from Qatar

Egypt’s Minister of Petroleum and Mineral Resources, Osama Kamal, has said that the North African nation is looking forward to investment opportunities in the field of importing liquefied natural gas (LNG) from Qatar.

Official sources familiar with the situation told state owned Al-Ahram newspaper that the Egyptian government plans imports of 400-500 million cubic feet on a daily basis.

In Egypt, roughly 56 per cent of local natural gas consumption goes to the electricity sector, which is the largest gas-consuming sector. Another 27 per cent goes to the industrial sector.

In 2010, Egypt produced around 2.3 Trillion Cubic Feet (TCF) and consumed just over 1.6 TCF of natural gas, according to official data. Egypt’s proven gas reserves registered at 77 TCF, an increase from 2010 estimates of 58.5 TCF and the third highest in Africa, after Nigeria and Algeria.