Objectives
- Assessing the extent of Gas Flaring in Egypt.
- Demonstrating the business case for Associated Petroleum Gas (APG) recovery.
- Achieving Zero Flaring.
European Bank
Founded in 1987, to represent the interests of the gas industry stakeholders in one strong voice by emphasizing the benefits of natural gas as a clean, abundant, efficient and local secure energy source.
EGA’s diverse members recognize that the natural gas provides solutions for Egypt’s environmental & economic goals.
The EGA is as a non-profit organization, and works under the Egyptian social affairs law, rules & regulations, by the decree No. (3637) for year (1989).
Key messages
- The global gas market is encountering numerous challenges in an overall growth context. Whether the current weakness is cyclical (the IHS view) or structural remains to be seen.
- LNG developers are in a competitive game of ‘musical chairs’
• Lower oil prices make project development more challenging
• US Lower-48 projects remain commercially competitive and most easily executable - Producers need new business models and applications in order to monetize growing global gas reserve inventories
- Contract and trading structures are evolving