The Egyptian Natural Gas Holding Company (EGAS) said the total exports of natural gas and liquefied gas amounted to 3.5 million tons during the first half of the fiscal year of 2021-2022.

During the EGAS’s general assembly meeting, Minister of Petroleum and Mineral Resources Tarek El Molla said on Thursday it is expected that the exports will go up to 7.5 million tons by the end of this fiscal year.

The Petroleum Ministry detailed in a statement that the meeting aimed to pass the planning budget of the 2022/2023 fiscal year.

The minister underlined the growing roles played by the natural gas sector to propel development process and progress of the national economy.

He said that the remarkable increase of Egypt’s natural gas exports during the past period has positive effects on the national economy and helps limit the impacts of rise prices of oil worldwide.

Egypt has made great achievements through supplying houses with natural gas in the past eight years, exceeding all achievements made over 34 years since this sector started in Egypt, the minister said.

He explained that 8 million housing units have been supplied with natural gas in the past eight years to serve 57 million citizens, while 5.5 housing units were provided with the natural gas throughout 34 years.

The minister added that the first phase of the presidential “Decent Life” initiative aims to supply 1,487 villages with natural gas to serve 4 million housing units.

Source: State Information Service Egypt