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 |
2 Dec, 2022
Featured
BP Leads Egypt Offshore Investment Surge
BP is to drill next year on acreage that will bolster output at its West Nile Delta project. It is also joining habitual Egypt partner Eni in deepwater exploration. A surge in offshore gas investment stands in contrast to the onshore where low fixed prices have seen drilling and output slump.
Key BP & Eni Offshore Egypt Acreage & Drilling Activity
NEWS IN BRIEF
BP Plans Four Egypt Offshore Wells
25 Nov, 2022
Egypt Eyes Offshore Bid Round
11 Nov, 2022
‘Egypt Green’ Hydrogen
11 Nov, 2022
Qatar Deposits $1bn With Egypt
11 Nov, 2022
Egypt To Develop Gaza Marine
28 Oct, 2022
IMF & Egypt Close On New Loan Deal
21 Oct, 2022
Egypt Gas & Oil Production Dips In August
14 Oct, 2022
Takeover For Egypt-Based Producer Transglobe
14 Oct, 2022
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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