VOL. XLIV

No. 23

4-June-2001

EGYPT

Egyptian Proven Gas Reserves Put At 53.5TCF

Egypts proven gas reserves are approximately 53.5 trillion cubic feet (TCF), while the countrys domestic consumption is estimated to be around 2.5bn cu ft/day rising 6% annually, according to Petroleum Minister Sameh Fahmy, in a statement published in the Cairo-daily al-Ahram of 29 May. Mr Fahmy confirmed that Egypts gas strategy calls for the export of one-third of the proven reserves plus what will be discovered in...