Texas-based Apache has made no secret of its renewed focus on gas in Egypt, all located in the Western Desert, ever since signing improved terms with Cairo in 2024 that included a 60% gas price hike to $4.25/mn Btu (MEES, 10 January 2025). While this is music to the Egyptian government’s ears as it looks to plug a growing gas deficit, the gains have been incremental and inconsistent.
On a year-on-year basis, gross gas output from Apache operated fields increased by 10% to 486mn cfd for 2025, but it remained below 2023’s 500mn cfd. Such has been the decline of Egypt’s overall gas output from the Western Desert (and also the rest of the country) that Apache’s share of the region’s 800mn cfd total for 2025 now stands at a nine-year high 61% (see chart 1). (CONTINUED - 1338 WORDS)
