SAWT BEIRUT INTERNATIONAL

| 21 May 2024, Tuesday |

Egyptian Minister of Petroleum reveals the date of pumping gas to Lebanon

Egyptian Minister of Petroleum and Mineral resources Tarek El Molla announced that his country will start pumping Egyptian gas to Lebanon via Jordan and Syria as of the beginning of 2022.

The Egyptian minister, in an interview with “Bloomberg,” stressed that his country will stand by Lebanon in its crisis in providing the necessary derivatives to provide electricity.

El-Molla also added that Egypt’s production of gas is between 7 billion and 7.2 billion cubic feet per day, and that exports of liquefied gas amount to about 1.8 billion cubic feet per day.

In another context, El Molla said that his country will achieve self-sufficiency in fuel by 2023, thanks to the modernization of existing refineries and the establishment of 7 new refineries as part of a $7 billion project.

Egypt’s production of natural gas and oil has improved, thanks to several discoveries it has recorded during the past ten years, especially in its territorial waters in the Mediterranean.

He said: “We are not a large oil producer, but we are doing well in the refined products sector, and instead of importing refined products, we prefer importing crude oil and refining it locally.”

It is worth noting that the energy ministers of Egypt, Lebanon, Syria and Jordan agreed during a meeting on September 8, in the Jordanian capital, on a “road map” to supply Lebanon with Egyptian gas as soon as possible.

Lebanon is facing a shortage of energy supplies, in light of the worst financial and economic crisis in the country’s history.

    Source:
  • Sawt Beirut International