*Egypt’s gas consumption hit monthly records for each of the first six months of 2021 with the 6.07bn cfd 1H 2021 average up 9% on 1H 2020 and also well above 2019’s previous high of 5.81bn cfd. Consumption has progressively risen to hit 6.43bn cfd for June, up 560mn cfd year-on-year and some 220mn cfd above the previous record June figure set in 2018. As such this summer’s peak demand is set to surpass the monthly record of 6.50bn cfd set in July and August 2018 (see chart 1). The current month has already seen record daily gas use of 6.97bn cfd set on 4 and 5 August (MEES, 13 August).
Egypt Gas Consumption At Record Highs
Egypt's gas consumption is running at record levels. Supply has dipped in recent months with problems at the key Zohr field but remains near record highs set earlier this year whilst being bolstered by record imports from Israel.
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Charts
1: Egypt's Gas Consumption Is Running At Record Highs (bn cfd)
2: Gas Burned In Power Generation Has Fallen Behind Previous Records Set In 2018 (bn cfd)
3: Gas Output Has Also Been At Record Levels So Far This Year, Though Recent Months Are Down On March's Record (bn cfd)
4: Fuel Oil Burn Is At An All-Time Low, Squeezed Out Of The Energy Mix By Abundant Gas And Renewables ('000 b/d)
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