Business

Egyptian natural gas exports rise by 26%

Egyptian exports of natural gas and its derivatives rose by 26.1 percent in January, the cabinet’s Information and Decision Support Center has said.

The rise in exports generated revenues of US$201 million.

In its monthly bulletin, the center said the rate of natural gas production rose by 0.15 percent in January, totaling about 4.06 million tons, slightly up from last year’s total of 4.05 million tons.

Local consumption of natural gas rose by 15.21 percent in January 2012 compared to the same month last year. Electricity generation from natural gas went up by 2.6 percent in 2012.

In the petroleum sector, exports of crude oil and petroleum products dropped by 27.3 percent in January 2012, yielding revenues of $353 million, down from $485.6 million in the same month the year before.

Local consumption of petroleum products slipped by 8.6 percent, totaling 2.61 million tons in January 2012 — down from about 2.86 million tons in January 2011.

Egypt’s production of crude oil, condensates and butane gas rose by 0.7 percent in January 2012, the center said.

Translated from MENA

Related Articles

Back to top button