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 |
Oil & Gas
1 Jul, 2022
Featured
Egypt Major Moves: Chevron To Drill, BP Takes Block
Oil majors Chevron, BP and Shell are stepping up exploration in the Egyptian Mediterranean. Chevron is planning its first ever Egypt well, BP has snapped-up new acreage while Shell has also been expanding its footprint.
Egypt: Majors Eye Egypt Offshore
NEWS IN BRIEF
World Bank: $500 Egypt Loan
1 Jul, 2022
Egypt/Syria/Lebanon Gas Deal
24 Jun, 2022
Dana Loses Egypt Offshore Block
10 Jun, 2022
Egypt-Focused Capricorn And Tullow To Merge
3 Jun, 2022
Egypt/Morocco Producer SDX Agrees To Takeover
27 May, 2022
SDX Eyes Egypt Gulf Of Suez Growth
20 May, 2022
TotalEnergies Joins Egypt Green Ammonia Rush
13 May, 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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