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
From a net exporter of gas, Egypt has swung back to be a net importer as output continues to decline. A bare project pipeline of new developments means it will likely continue to import LNG and piped gas from Israel in the near-term.
2024 In Numbers
| Gas Output | 49.37 | bcm |
| Gas Imports | 14.61 | bcm |
| Crude Output | 537 | 000 b/d |
| Crude Imports | 25 | 000 b/d |
| Crude Exports | 38 | 000 b/d |
14 Mar, 2025
Featured
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
Cairo has opened bidding for two clusters with seven undeveloped gas discoveries with 7tcf gas in place, as it continues to grapple with a growing gas deficit.
Egypt Clusters Together New Blocks In Latest Offshore Offering
NEWS IN BRIEF
Scatec: 1.1GW Egypt Solar/Storage PPA
14 Mar, 2025
BP Egypt Gas Boost
7 Mar, 2025
Shell Quits Egypt Red Sea Blocks
7 Mar, 2025
Egypt Taps Cyprus For FSRU
31 Jan, 2025
Egypt Advances 1GW Solar
24 Jan, 2025
Egypt Adds 306MW Wind
10 Jan, 2025
Egypt Solar Bess Deal
3 Jan, 2025
Egypt 1.1GW Wind Funding
6 Dec, 2024
SELECTED DATA
Egypt's Record Current Account Deficit For 1h 2024 Came Amid A Record Oil & Gas Trade Deficit ($bn)
Egypt's Services Account Remains In Surplus Despite A Collapse In Suez Canal Revenue To A Multi-Decade Low ($bn)
Egypt Net Oil Products Imports Hit A Six-Year High 264,000 b/d For Q2 Though Diesel Dipped From Q1’s Near-Record Levels (‘000 b/d)
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