|21 October, 2019

Egypt exported 172.8bln cubic feet of gas from Idku in 2018/19: EGAS

Egypt became self-sufficient in natural gas in late 2018

Image used for illustrative purpose. A diesel storage tank is seen at the Middle East Oil Refinery Company (MIDOR) in Alexandria, Egypt, November 7, 2018.

Image used for illustrative purpose. A diesel storage tank is seen at the Middle East Oil Refinery Company (MIDOR) in Alexandria, Egypt, November 7, 2018.

REUTERS/Amr Abdallah Dalsh

CAIRO- Egypt exported 172.8 billion cubic feet of liquefied natural gas (LNG) in 45 shipments from its Idku plant in the 2018-2019 financial year, state-owned company EGAS said in its annual report.

Egypt became self-sufficient in natural gas in late 2018 and is seeking to become a regional hub for energy trading by liquefying gas and re-exporting it.

The oil minister said in March that Egypt was aiming to export 2 billion cubic feet per day by the end of 2019.

Royal Dutch Shell, Malaysia's Petronas, France's Engie and Egypt's two main state oil and gas companies, EGAS and EGPC, are all shareholders in the Idku plant.

(Reporting by Ahmed Ismail and Ehab Farouk; Writing by Aidan Lewis) ((Aidan.Lewis@tr.com; +20-1001174410;))

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