The Egyptian Ministry of Petroleum and Mineral Resources announced that Egypt produced approximately 50.6 million tonnes of natural gas during the current year.

According to the statement, Egypt achieved a record in natural gas exports, reaching 8 million tonnes this year, compared to about 7 million tonnes the previous year.

The value of natural gas exported during the year amounted to about $8.4 billion, compared to about $3.5 billion in 2021, an increase of 140 per cent over 2021, due to the increase in LNG export prices globally.

In its performance statement during the current year, the ministry stated that the total production of petroleum wealth during 2022 amounted to about 79.5 million tonnes, with 27.8 million tonnes of crude oil and condensate.

The implementation of 4 projects for the development and production of gas from the discovered fields has also been completed to produce quantities of natural gas amounting to about 185 million cubic feet of gas per day, in addition to 1,000 barrels of condensate per day. The total investment cost of the projects is about $183 million.