Deficit of energy balance in Tunisia up 36% late April 2018

ENERGY TUNISIA

The deficit of the energy balance in Tunisia increased by 36%, at the end of April 2018, in comparison with 2017, to reach 1.473 million dinars (MD), according to the monthly report "the Energy situation" of the Ministry of Energy and Mines, published late May 2018.

This document shows the decrease of the tax package on the transit of gas of Algerian origin by 7%, between the end of April 2017 and the end of April 2018, including 77% is perceived in kind (given to Tunisian Electricity and Gas Company “STEG”).

It also reveals that demand for primary energy fell by 4%, and that of petroleum products fell by 1%, during the first four months of the year, while demand for natural gas rose by 8%, recalling that 66% of the total demand for natural gas is for the production of electricity.

The monthly average price of Brent on the international market in April 2018 was $ 71.8 per barrel, compared with $ 65.9 per barrel in March 2018 and $ 53.5 per barrel in April 2017 an increase that will have negative repercussions on the 2018 state budget, since the government has set the price of Brent at 54 dollars / barrel.

As for the energy balance, the Energy Department reported the increase in value of exports by 26% and imports by 32%.

Tunisia produced, during the first 4 months of this year, an average of 39.8 thousand barrels / day, against 44.3 thousand barrels / day at the end of April 2017, which represents a fall of 10%.

Besides, 23 exploration and development permits were granted at the end of April 2018, in addition to the drilling of two new exploration wells.

According to the same source, production units in Tunisia provided about 5.9 million m3 / day, during the first 4 months of this year, against 5.8 million m3 / day, during the same period of 2017.

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