Egypt to rise to sixth position in global LNG exports

Nov 17, 2003 01:00 AM

Egyptian Oil Minister Sameh Fahmy announced his country will rise to sixth position in the world in terms of exporting LNG.
"The latest discoveries of gas fields will enable Egypt to reach that position by 2006," Fahmy told.

He said Egypt signed an agreement to supply Jordan with gas and was seeking similar arrangements with Syria, Lebanon, Turkey and Israel.
Egypt said its gas reserves exceeded 55 tcm and were expected to increase to 65 tcm in a short while. Reports since have put the gas reserves at between 100 tcm and 120 tcm.

Source: United Press International
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