Cairo – Mubasher: Egypt plans to import 80 cargoes of liquefied natural gas (LNG) during fiscal year 2017/2018, minister of petroleum and mineral resources Tarek El-Molla told Reuters on Sunday.
“We were planning to import 154 cargoes of LNG in 2016/2017 but we only imported 118 cargoes because of the increase in local gas production," El-Molla said.
Egypt is expected to raise its LNG output by 1 billion cubic feet per day to 6.2 cubic feet per day by the end of FY17/18.
Egypt is expected to achieve self-sufficiency in LNG by the end of 2018.
