Gas production declines to 4.15bn cubic feet per day

The daily production rate of natural gas declined to 4.15bn cubic feet, compared to 4.25bn cubic feet last month, a report issued by the Holding Company for Gases (EGAS) revealed.

The report, which Daily News Egypt obtained a copy of, pointed out that Egypt’s production rate declines naturally by 1.2bn cubic feet per year, and total compensatory wells connected to production lines since 2014 provide no more than 700m cubic feet annually.

The report also stated that total losses of Egypt’s production of gas are estimated at 500m cubic feet per year, where total production by the end of last year reached 4.65bn cubic feet per day, compared to 4.15bn cubic feet currently.