The statement said, on Sunday, that natural gas production in Egypt rose by 66.3 percent to 69.2 billion cubic meters in 2021-2022, compared to 41.6 billion cubic meters in 2015-2016.
The report showed an increase in the export rates of natural and liquefied gas, as the value of Egypt’s exports of them increased more than 13 times, to reach $8 billion in 2021-2022, compared to $0.6 billion in 2013-2014, explaining that the increase in the amount of natural and liquefied gas exports amounted to about 4-fold, as it recorded 7.2 million tons in 2021-2022, compared to 1.9 million tons in 2013-2014.
The report pointed out that these unprecedented booms came after Egypt ranked 19th in the world in natural gas production in 2015, according to BP, and turned into a natural gas importer between 2015-2017, before the start of production in the Zohr field in 2017. .
The report stated that Egypt achieved self-sufficiency in natural gas for the country and resumed exporting in September 2018, while it ranked 13th globally in natural gas production, and second in Africa in 2021, according to BP.
The report pointed to what was reported by the International Gas Union that Egypt is witnessing the second highest increase in the volume of liquefied gas exports in the world by 5.2 million tons during 2021 compared to 2020, while it increased by about 5 times in just one year to achieve the highest percentage of increase in liquefied gas exports over the world. world level in 2021.
The report highlighted the efforts to expand gas projects over the past 8 years, which led to an increase in exports. As for foreign investments in the gas and petroleum sectors, 108 new petroleum agreements were signed with international companies to search for oil and gas with a minimum investment of $22 billion, in addition to about 1.3 billion A signature grant of $2.2 billion to drill 409 exploration wells, in addition to awarding 9 international bids for oil and gas exploration, with a minimum investment of $2.2 billion, and a signature grant of $272.6 million.
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