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Africa North
17 New Wells To Join Egypt's Natural Gas Grid: Ministry
2014-05-19
[AlAhram] In a bid to up production of natural gas to meet shortfalls in supply, some 17 new wells will be opened, with drilling starting September
Something new for the jihadis to blow up. But perhaps Al Sisi will win his election, and with an iron hand suppress the violence for another generation.
Egypt's Ministry of Petroleum plans to add 17 new natural gas wells to its production grid in an attempt to increase the daily production of gas by nearly one billion cubic feet, reported the state-owned Al-Ahram news website Sunday.

According to Sherif Ismail, minister of petroleum, drilling the wells will start in September and is expected to cost $2.4 billion.

Earlier this week, Ismail told Rooters that two new natural gas fields -- different from the aforementioned -- will start production in June and August to support the national gas grid.

The ministry forecasts total natural gas production to increase 1.7 percent to reach 5.4 billion cubic feet per day in the coming fiscal year 2014/15 compared to the current fiscal year, while consumption is projected to increase 12.5 percent to amount to 5.57 billion cubic feet per day in the same period.

Egypt has suffered an energy crisis in the past three years, most evident in frequent electricity blackouts. Several government officials have attributed the power cuts to a growing fuel subsidies bill and declining gas production.

The Cabinet's Information and Decision Support Centre (IDSC) showed in its latest reports that Egypt's production of natural gas fell by more than 13 percent in March 2014 to 3.2 million tons compared to the same period a year earlier, while local consumption of natural gas fell 3.6 percent in the same period to reach 3.1 million tons.

Natural gas exports dropped 76 percent annually to record $46 million in March, IDSC added
Posted by:trailing wife

#2   drilling the wells will start in September
Posted by: Redneck Jim   2014-05-19 07:25  

#1  Russia just signed a 30 year major gas deal with China. Building blocks to world power shift to this part of the world. Putin will secure bonds with Latin America and Africa also. I see even Israel will want to work with them. India could go this way also in time(space program). I don't see China pulling this off but Russia's Putin, yes. No war, no problems.
Posted by: Dale   2014-05-19 07:05  

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