Wednesday 19 January 2011

Egypt to offer 19 areas for gas exploration: paper | Reuters

Egypt's state-owned Egyptian Natural Gas Holding Company (EGAS) will offer up 19 areas for exploration this year in international tenders, a newspaper reported on Wednesday.

"It is planned to offer 17 areas to search for gas in the Mediterranean Sea and two land areas in the Nile Delta," al-Masry al-Youm paper cited the head of the company, Mahmoud Latif, as saying during a company meeting on Tuesday.

The company expects a 7 percent increase in domestic consumption of gas to 35.5 million tonnes in the 2010/2011 fiscal year, the paper cited an EGAS report as saying.

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