North Africa

Egypt

Cairo hopes that the upcoming offshore gas exploration campaign by key firms can once again reverse its fortunes and declining gas output as it hopes to boost LNG exports.

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.

2022 In Numbers

Crude Output	568	000 b/d
Crude Imports	118	000 b/d
Crude Exports	71	000 b/d
Gas Output	67.44	bcm
Gas Exports	12.04	bcm
LNG Exports	7.14	mn tons

Oil & Gas

10 Nov, 2023

Featured

Apache Sees Egypt Oil Output Rebound

Egypt’s top oil producer Apache saw output rise to a 3-year high 144,500 b/d for Q3 but says more gas investment requires better terms.

Apache Egypt Oil Output Hits 3-Year High 144,500 b/d With Rig Count At 8-Year High 18 For Q3

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NEWS IN BRIEF

Shell Confirms Egypt Find

24 Nov, 2023

Egypt: China State Firms Add To Suez Mous

10 Nov, 2023

Suez Canal To Raise Transit Fees For Oil & Gas Carriers From January 2024

27 Oct, 2023

Egypt: Debut China Bond

20 Oct, 2023

EBRD Backs Egypt Grid Upgrade

13 Oct, 2023

Egypt LNG Exports Restart: The End Of Blackouts?

6 Oct, 2023

Egypt Presidential Elections

29 Sep, 2023

Egypt Power Cuts Double

15 Sep, 2023

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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