North Africa

Egypt

Cairo hopes that the upcoming offshore gas exploration campaign by key firms can once again reverse its fortunes and declining gas output as it hopes to boost LNG exports.

State of Play

From a net exporter of gas, Egypt has swung back to be a net importer as output continues to decline. A bare project pipeline of new developments means it will likely continue to import LNG and piped gas from Israel in the near-term.

2024 In Numbers
Gas Output 49.37 bcm
Gas Imports 14.61 bcm
Crude Output 537 000 b/d
Crude Imports 25 000 b/d
Crude Exports 38 000 b/d
Refining & Petrochemicals

18 Apr, 2025

Featured

Egypt Looks To Cut Subsidy Spend By Hiking Fuel Prices

Egypt has hiked fuel prices despite falling crude values on international markets. It aims to cut fuel subsidies spending to $1.5bn for 2025-26, a third of 2023-24 levels.
Egypt Plans To Halve Spending On Oil Products Subsidies To $1.5bn For 2025-26*
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NEWS IN BRIEF

Sisi Snags $7.5bn Qatar Cash

18 Apr, 2025

Egypt Readies Military Firms For Privatization

18 Apr, 2025

Egypt, France $7.7bn Green H2 Deal

11 Apr, 2025

Egypt Signs Up Siemens For 500MW Gulf Of Suez Wind

21 Mar, 2025

Scatec: 1.1GW Egypt Solar/Storage PPA

14 Mar, 2025

BP Egypt Gas Boost

7 Mar, 2025

Shell Quits Egypt Red Sea Blocks

7 Mar, 2025

Egypt Taps Cyprus For FSRU

31 Jan, 2025

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SELECTED DATA

Egypt's Record Current Account Deficit For 1h 2024 Came Amid A Record Oil & Gas Trade Deficit ($bn)

Egypt's Services Account Remains In Surplus Despite A Collapse In Suez Canal Revenue To A Multi-Decade Low ($bn)

Egypt Net Oil Products Imports Hit A Six-Year High 264,000 b/d For Q2 Though Diesel Dipped From Q1’s Near-Record Levels (‘000 b/d)

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