Egyptian Natural Gas Company (Gasco) successfully received and distributed 58 billion cubic feet (bcf) of natural gas to different sectors of the local market during 2017, stated Hisham Radwan, Head of Gasco, pointing out that the company’s priority was to secure the needs of the electricity sector, which made 62% of the market’s total consumption, and to secure mazut as an alternative fuel, Egypt Oil & Gas reports.
This came during the general assembly chaired by Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the company’s 2017 results.
Radwan pointed out that the company added 14 new consumers to boost its clients to 527 consumers by the end of 2017.
Gasco further completed projects related to commercial operations of Siemens’ three power plants: New Capital, Beni Suef, and Al Burullus, which included the implementation of 76-km long pipelines and constructing three huge reducing and measuring plants. The company additionally completed the projects required to supply natural gas to the rest of the power plants included in the five-year plan of the electricity sector ongoing from 2012 to 2017.
Radwan stated that a number of future projects will be implemented and completed within two years in light of the company’s strategic plan 2015/2019, the most important of which is the implementation of the project to transport Raven field’s natural gas to each of the Western Desert Gas Complex and the butane plant in Al-Amriya.
The plans further include the establishment of compressor units 5 and 6 at Dahshor compressors station in order to meet the needs of customers at South Valley. The company plans to complete projects to raise the level of insurance for the sites of the company and the national network, in addition to starting work and technical rehabilitation of the components of the national gas grid to comply with the work mechanisms of the gas market regulatory authority.
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