Egypt's gas production to increase by 15% in 2020/21 -report

Gas production has boomed since Italy's Eni discovered the giant Zohr field

  
Flames rise from an oil refinery in Cairo, May 6, 2008. Image used for illustrative purpose.

Flames rise from an oil refinery in Cairo, May 6, 2008. Image used for illustrative purpose.

REUTERS/Nasser Nuri

CAIRO - Egypt's gas production will increase by about 15% to 7.540 billion cubic feet per day in the 2020/21 fiscal year which started in July, the state Egyptian Natural Gas Holding Company (EGAS) said in a report.

Egypt produced about 6.550 billion cubic feet per day natural gas in 2019/20, the report said.

Gas production has boomed since Italy's Eni discovered the giant Zohr field off Egypt's Mediterranean coast in 2015.

The country is trying to position itself as an energy hub in the eastern Mediterranean, importing gas from Israel and exporting to Jordan and potentially to Europe and Asia. 

(Reporting by Ahmed Isamil; eriting by Mahmoud Mourad; editing by Patrick Werr and Jason Neely) ((mahmoud.mourad@thomsonreuters.com))

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