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

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.

2022 In Numbers

Crude Output	568	000 b/d
Crude Imports	118	000 b/d
Crude Exports	71	000 b/d
Gas Output	67.44	bcm
Gas Exports	12.04	bcm
LNG Exports	7.14	mn tons

Oil & Gas

22 Sep, 2023

Featured

Egypt Gas Consumption Hits New High As Cairo Plots Output Gains

Gas consumption in Egypt rose to a record 6.8bn cfd for July as output continued to slump. Israeli imports weren’t enough to prevent power cuts.

Egypt Gas Consumption Rises To Record 6.84bn cfd As Gas Output Slumps Further To 5.734bn cfd Leaving Cairo With Seven-Year High 1.1bn cfd Gas Deficit (bn cfd)

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NEWS IN BRIEF

Egypt Power Cuts Double

15 Sep, 2023

Egypt Foreign Reserves* Edge Up $49mn For August ($bn-End Month)

8 Sep, 2023

Egypt 200MW Solar: Financing Complete

1 Sep, 2023

SDX: Egypt Upstream To Morocco Renewables

1 Sep, 2023

Egypt: Gulf Of Suez Boost

25 Aug, 2023

Dragon To Boost Egypt Output

18 Aug, 2023

Egypt’s Ain Sukhna: Floating Storage Buildup Remains

11 Aug, 2023

Masdar Taps EBRD For 200MW Egypt Wind

11 Aug, 2023

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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