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    Star Africa: Egypt’s gas exports fall 81.4% in September – statistics

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Egypt’s exports of natural gas in September declined 81.4 percent compared to the same period last year

by: Sruthi

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Press Notes, Africa

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Star Africa: Egypt’s gas exports fall 81.4% in September – statistics

Egypt’s exports of natural gas in September declined 81.4 percent compared to the same period last year, the state-run Information and Decision Support Centre (IDSC) reported on Thursday.

The value of exports totalled $18.1 million, compared to $97.1 million in September 2013.

Meanwhile, natural gas production fell 12.2 percent lower than its September 2013 level, totalling 3.01 million tonnes of natural gas, compared to 3.4 million in the same month of the previous year.

Gas producers currently receive about $2.65 per 1,000 cubic feet, far below the prices paid in the North Sea and elsewhere, reported Reuters last month. But the ministry said this week that it plans to free prices in one of several attempts to encourage exploration.
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