National Petroleum plans Reeshah gas project
The National Petroleum Company is preparing to implement the Risha Gas Field Development Project, with an estimated cost ranging from $550 million to $750 million, aimed at increasing natural gas production and strengthening national energy security. The project includes establishing a central gas station with a capacity of up to 50 million cubic feet per day, which is expected to be operational early next year. Additionally, the company is moving toward marketing gas through a virtual pipeline in both Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) formats, with new companies entering the market and achieving cost savings of up to 50%. The parliamentary committee is focused on developing the Risha gas field and boosting its productivity, with an emphasis on exploration, financing, and improving operational efficiency to support the country's energy security.
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