EGAS Reduces Gas Imports in February

The Egyptian Natural Gas Holding Company (EGAS) has reduced the quantity of gas it imports due to decline in domestic demand.

Daily News Egypt reported Saturday that volume of imported gas has fallen to an average of approximately 650mn cubic feet per day compared with 700mn cubic feet per day in January.

The two floating terminals that Egypt employs have capacity of 1.2bn cubic feet per day.

Gas consumption in power plants declined to about 2.7bn cubic feet per day compared with 2.8bn cubic feet in January.

EGAS will import 80 LNG shipments worth from $2.5bn to $3bn in 2016.