Egypt’s gas flaring is enough to cover 5% of domestic electricity production, Director and Head of Natural Resources at the European Bank for Reconstruction and Development (EBRD), Eric Rasmussen, stated, Egypt Oil & Gas reports.
Rasmussen added that 70% of flaring in Egypt comes from small sites with production lower than 5 million standard cubic feet per day (mscf/d).
Supporting Rasmussen’s point, Adel Hanif, Principle Banker at EBRD, stressed during his speech the immportance of including gas flaring reduction efforts in the country’s modernization program. “Emissions will continue, our job is to reduce it as much as possible,” he explained.
Other executives at the event, such as Nabil Salah, Vice Chairman for Production at the Egyptian Petroleum Corporation (EGPC) told Egypt Oil & Gas that only around 2% of Egypt’s total natural gas production is flared.
Rasmussen’s comments came during his speech in the workshop organized by the Egyptian Ministry of Petroleum and Mineral Resources, in cooperation with the world bank, and entitled ‘ Ending Routine Flaring of Associated Gas in Egypt’, which is attended by Program Manager-Global Gas Flaring Reduction Partnership at the World Bank, Bjorn Hamso; Fred Beelitz, Managing Director of Economic Consulting Associates; Adil Hanif, Principal Banker (Policy), Energy & Natural Resources at EBRD; Cristian Carraretto, Associate Director of Energy Efficiency and Climate Change at EBRD; and major industry leaders.