No 09



Fahmi Says Egyptian Gas Reserves Now 62 TCF

Egypts Oil Minister, Sameh Fahmi, said on 10 February that national gas reserves now stood at 62 trillion cubic feet (tcf), up from 60 tcf in September 2003 and 55 tcf in 2002 (MEES, 4 August 2003 and 24/31 December 2001). Egypts long-term strategy is to mobilize one third of its gas reserves for the domestic market and one third for exports, while retaining the remainder for use in the future. Egypt has seen its gas...