North Africa

Egypt

Egypt's economy finally looks set for a period of sustained growth on the back of a gas output renaissance, with renewed LNG exports adding another supplier to the Mediterranean basin.

State of Play

With soaring output from the giant offshore Zohr field, Egypt has again become a net exporter of gas. But it remains to be seen if the country can fulfill its ambitions of becoming a regional gas hub.

2018 In Numbers
Crude Output 0.63 mn b/d
Crude Export 0.09 mn b/d
Gas Output 67.5 bcm
Gas Exports 5.89 bcm
LNG Exports 5.2 mn tons
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SELECTED DATA

Egypt Gas Output Posts Record 2019 (BN CFD)...

...With December Seeing A Record Monthly High (Bn CFD)

At Just 624,400 B/D For Q4 Production Is Over 30% Down On Its 1996 Peak Of 912,000 B/D. Egypt Has No Chance Of Hitting Its 690,000 B/D Mid-2020 Target*

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