By the end of September, Egypt reached self sufficiency in natural gas production, the Minister of Petroleum Tarek El-Molla states. The Minister hopes to increase the production approximately between 6.5 to 6.7 billion cubic foot per day by the end of 2018. The last imported LNG (liquified natural gas) cargo came in September, and since October, Egypt has been able to depend on local production to satisfy the market demand. As a result of Egypt’s self sufficiency in the gas production sector, the minister believes that in the coming few year, the country will become amongst the important gas producing nations because of its strategic geographic location. Egypt can help countries achieve their production goals by creating pipelines that will connect Egypt to other countries in the Eastern Mediterranean region such as Israel and Cyprus. These pipelines will transfer the gasoline liquefaction plants located in Egypt allowing the country to export the LNG to Europe, Egypt’s target market. El-Molla explains to Egyptian Streets on the sidelines of the World Youth Forum that Egypt will mainly target European countries to export locally produced gas, because Egypt, geographically speaking, is closer to Europe…
