Egypt’s gas deficit averaged a record 2.53bn cfd last quarter as domestic demand spiked during the high-demand summer season. The deficit represented a 52% increase on the previous quarter and was 43% higher than the same period last year. The previous record of 1.77bn cfd in Q2 last year has been smashed.
Gas demand was up 16% quarter-on-quarter to 6.62bn cfd and 4% year-on-year for Q3, coming in just below 3Q21’s record of 6.65bn cfd. This included a monthly record of 6.83bn cfd for August (MEES, 24 October), before dropping back to 6.71bn cfd in September as temperatures cooled. (CONTINUED - 288 WORDS)
