North Africa
Egypt
Cairo hopes increased LNG exports amid rising gas output will help propel Egypt to realise its ambitions of becoming a regional energy hub.
State of Play
Gas plays a leading role in Egypt's upstream endeavours but steep decline at legacy fields could severely hamper the country's ambitions of increasing LNG exports going forward.
2021 In Numbers
| Crude Output | 574 | 000 b/d |
| Crude Imports | 162 | 000 b/d |
| Crude Exports | 110 | 000 b/d |
| Gas Output | 70.44 | bcm |
| Gas Exports | 10.66 | bcm |
| LNG Exports | 6.66 | mn tons |
24 Mar, 2023
Featured
Egypt Set For Mediterranean Wildcat Drilling Surge
Egypt hopes key 2023-24 wildcats by Eni, Shell, BP & Exxon will help fill a bare project pipeline. Following its recent Nargis discovery Chevron is eying further Egyptian acreage. But Eni’s highly anticipated Thuraya well has hit technical issues.
Key Egypt Offshore Acreage & Drilling Activity
NEWS IN BRIEF
World Bank: $7bn Egypt Facility
24 Mar, 2023
Egypt Launches Gulf Of Suez Brownfield Bidding
3 Mar, 2023
Egypt Plans 3 More Bid Rounds For 2023
24 Feb, 2023
Shell Plans 3-Well Egypt Campaign
20 Jan, 2023
Wintershall: Egypt Gas Find
13 Jan, 2023
Israel-Jordan-Egypt Gas Pipeline Deal Extended
6 Jan, 2023
SELECTED DATA
1: Egypt Gas Output (bn cfd): May Falls For Second Consecutive Month As Zohr Outages See Med Output Fall To 4-Month Low 4.90bn cfd
2: Egypt Condensate Output ('000 b/d): Med Offshore Condensate Continues Rising For May To New High 54,600 b/d
Egypt's Foreign Reserves Rise $520mn In 1H 2021 Vs 2020's 3-Year Low ($bn, End-Period)
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