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
Economics & Finance

18 Nov, 2022

Featured

Egypt Bags $10bn From US & German For Renewables Initiative

Egypt hopes $500mn pledged by the US and Germany will help unlock $10bn in funding to install 10GW of renewables by 2028 as the MoUs keep rolling in.

Egypt’s Installed Powergen Capacity Is Nominally Almost Twice Peak Load But Much Of The ‘Surplus’ Is Made Up Of Ageing Inefficient Steam Turbines (GW, End-Year*)
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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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