Egypt earning $500 MM monthly from gas exports
(Reuters) - Egypt is earning about $500 MM monthly from natural gas exports and aims to raise that figure to $1 B "in the coming period," Finance Minister Mohamed Maait said in a statement on Thursday.
The statement, based on comments by Maait at a Bloomberg forum, gave no comparative figures on what Egypt had been earning previously.
Egypt has been pushing to maximise its exports of natural gas to generate foreign currency revenue after coming under financial pressure due to the impact of the war in Ukraine.
Egypt exported 8.9 billion cubic metres (bcm) of liquefied natural gas (LNG) last year and 4.7 bcm in the first five months of 2022, according to Refinitiv Eikon data.
The government says gas exports have been boosted after the it introduced an electricity rationing plan in August.
(Reporting by Aidan Lewis; Editing by Josie Kao)
Modern society would not be possible without the use of pipelines to transport natural gas, crude oil and finished products to demand centers.
Optimizing Gas Distribution: Accounting for Changeovers, Regulators, and More
Gas distribution systems are critical to the effective operation of many industrial facilities around the world. Despite the importance of these systems, however, opportunities to improve their performance and cost-effectiveness are often missed or misunderstood. Increasing changeover pressure may seem like a good way to improve system flow, for example, but it often does so at the expense of bottled gas. Adding regulators may help you control supply pressure, but it also adds cost to your system. So, how do you know what the ideal gas distribution setup is for you?
Attend this webinar to:
- Gain a basic understanding of the fluid dynamics that affect pressure control in gas distribution systems, learning to interpret flow curves and recognize phenomena like lockup, droop, and supply pressure effect (SPE)
- Learn how inlet pressure affects regulator performance and when to specify certain regulator types and configurations to effectively control gas system pressures
Understand the inherent trade-offs between gas utilization and flow capacity and how to select both the right changeover pressure and automatic changeover panel design for your operations.
May 4, 2021 10:00 AM CDT