North Africa

Egypt

Egypt's economy finally looks set for a period of sustained growth on the back of a gas output renaissance, with renewed LNG exports adding another supplier to the Mediterranean basin.

State of Play

With soaring output from the giant offshore Zohr field, Egypt has again become a net exporter of gas. But it remains to be seen if the country can fulfill its ambitions of becoming a regional gas hub.

2019 In Numbers

Crude Output	0.63	mn b/d
Crude Export	0.09	mn b/d
Gas Output	67.5	bcm
Gas Exports	5.89	bcm
LNG Exports	5.2	mn tons
O&G Export Rev.	-	$bn

Oil & Gas

13 Nov, 2020

Featured

Egypt Gas Output Makes Late-2020 Recovery Despite BP Collapse

Egypt’s gas output has rebounded as enforced shut-ins are eased. Q4 should see further modest rises. But BP’s WND continues to massively underperform.

Egypt Gas Output Showing Signs Of Recovery In September Up 16% To 6.16bn cfd From April's 2-Year Low

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NEWS IN BRIEF

Egypt Foreign Reserves Rise Again

13 Nov, 2020

Egypt Tweaks Hydrocracker EPC

23 Oct, 2020

Chevron Completes Noble Deal

9 Oct, 2020

Egypt: First LNG Export Cargo In Three Months

9 Oct, 2020

Egypt Issues Virgin ‘Green Bond’

2 Oct, 2020

Egypt Claims 7.2bn Cfd Gas Capacity

25 Sep, 2020

Egypt $15bn Petchems Plans

18 Sep, 2020

BP Readies Egypt Gas Boost

11 Sep, 2020

Egypt Reserves* Rise For 5th Consecutive Month To $39.2bn For October Still 14% Down On Feb20 Record $45.5bn($Bn, End-Month)

1: Egypt Monthly Renewables Generation Topped 1twh For First Time In July (TWH)

2: Egypt Powergen: Renewables Nearly Doubled In 2019-20 To 8.7twh Or 4.4% Of Total 196.7twh

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