Egypt gas exports increase in first quarter, but production drops

Egypt's exports of natural gas and its derivatives rose by 8.9 percent in the first five months of 2012, hitting US$964.4 million as compared to US$885.7 million for the same period in 2011, an increase of US$78.7 million.

The monthly bulletin of economic and social indicators produced by the Cabinet’s Information and Decision Support Center showed a 1.59 percent decline in the production of natural gas from January to May 2012, dropping from 19,591 tons in 2011 to 19,279 tons this year.

The bulletin also showed that domestic consumption of natural gas has increased during the same period by 6.89 percent, while electricity consumption went up 1.3 percent.

Exports of crude oil and petroleum products have dropped by 21.5 percent to US$1.958 billion against US$2. 495 billion in 2011, while domestic consumption of petroleum products went up by 0.4 percent.

Edited translation from MENA

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