2021 has been a tumultuous year for Egypt’s LNG exports; from multi-year highs at the start of the year to the near halting of exports in August as Cairo grappled with outages at key gas fields, while domestic demand soared to new highs (MEES, 22 October).
Volumes then leapt again to a new 12-year monthly high of 820,000 tons for October, according to figures from data intelligence firm Kpler (MEES, 5 November). But hopes that November and December would also see near-record volumes have been dashed. Shipments slipped to 740,000 tons for November and MEES understands that volumes may well be much lower still for the months to come, with upstream problems at the country’s key offshore Mediterranean fields far from over. (CONTINUED - 381 WORDS)