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.

2019 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
O&G Export Rev. - $bn
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SELECTED DATA

Egypt Reserves* Rebound $2bn From May's 4-Year Low On Receipt Of IMF Cash^, End 1h 2020 At $38.2bn ($Bn, End-Month)

Egypt’s Oil Products Demand Slumped To A 13-Year Low Of 595,000 B/D In April

1: Egypt Power Generation (TWH) Slumped To A 5-Year Low For March, Down Almost 40% On Last July’s Record 20.5TWH

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