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
Economics & Finance

17 Oct, 2025

Featured

World Bank, IMF Raise Egypt Growth Forecasts

The IMF and World Bank have upgraded their economic outlooks for Egypt, praising the government’s reform efforts. As ever, risks remain.
Egypt’s Balance Of Payments Swings To Three-Year Low $2.1bn Deficit For 2024-25 As Investment Returns To Normal Levels ($bn)
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NEWS IN BRIEF

Egypt LNG: Cargo Exported As Damietta Receives First Cargo

17 Oct, 2025

UEG Completes Apex Egypt Purchase

17 Oct, 2025

Egypt: EKH Extends Offshore License

3 Oct, 2025

Egypt: Record Renewables Generation

26 Sep, 2025

Egypt Delays Electricity Price Hikes

12 Sep, 2025

BP Signs 5-Well Egypt Deal

12 Sep, 2025

Dragon Keeps Egypt Oil Output Steady

5 Sep, 2025

Egypt Hits Record 39.4GW Peak Load

1 Aug, 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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