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 continues to play a leading role in Egypt's upstream with the giant Zohr field reaching 3.2bn cfd capacity. Declining legacy fields mean its ability to export significant volumes of LNG may be hampered going forward.
2020 In Numbers
| Crude Output | 601 | 000 b/d |
| Crude Imports | 221 | 000 b/d |
| Crude Exports | 104 | 000 b/d |
| Gas Output | 60.74 | bcm |
| Gas Exports | 2.63 | bcm |
| LNG Exports | 1.56 | mn tons |
7 Jan, 2022
Featured
Egypt Oil Boost As Offshore Interest Disappoints
Key Egypt oil producer Apache plans to double rigs and hike output this year after inking new terms. But attempts to find the ‘next Zohr’ in Egypt’s Mediterranean offshore have been set back by lukewarm interest in frontier gas-focused exploration acreage.
Egypt’s 2021 Bidding Awards: Eni The Big Winner With Five Of Eight Blocks But Deepwater Acreage Gets No Bids
NEWS IN BRIEF
Egypt Approves Pharos Terms
21 Jan, 2022
$340mn Egypt ‘Green Bond’
14 Jan, 2022
Egypt Foreign Reserves Up $871mn At $40.9bn
7 Jan, 2022
Egypt: New Gasoline Unit
7 Jan, 2022
Dana Gas Slashes Egypt Receivables
7 Jan, 2022
TransGlobe Sees New Egypt PSC Ratified
24 Dec, 2021
Egypt’s West Bakr Wind Start Up
3 Dec, 2021
Apache Hails New Egypt Deal
3 Dec, 2021
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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