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Egypt’s natural gas exports hit $8B FY 2021/22

Egypt’s natural gas exports hit $8B FY 2021/22

ArabFinance: Egypt’s exports of natural and liquified gas (LNG) recorded $8 billion during the fiscal year (FY) 2021/2022, according to an infographic published by the Egyptian Cabinet on September 25th.

The country’s natural gas exports amounted to 69.2 billion cubic meters (BCM) in FY 2021/2022.

The Egyptian natural gas sector achieved a primary growth of 4% in FY 2021/2022.

Over the last eight years, 108 new agreements were signed in the field of oil and gas, with around $22 billion in investments.

Moreover, the cabinet report showed the annual production capacity of Damietta and Edco liquefication facilities reached 4.8 million tons and 7.2 million tons.

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