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

Economics & Finance

11 Oct, 2024

Featured

Egypt’s Finances Riding A 2024 Rollercoaster

Egypt reached a record balance of payments surplus for 1H 2024 as the UAE invested $35bn. But oil & gas saw a record deficit and Suez revenues collapsed.

Egypt's Balance Of Payments Swings To A Record $10bn Surplus In 1h24 With Record $22bn Net Investment ($bn)

Choose Sections

NEWS IN BRIEF

Egypt Hikes Electricity Prices In Bid To Unlock IMF Cash

13 Sep, 2024

Egypt Takes Ethiopian Dam Dispute To UN

6 Sep, 2024

Harbour-Wintershall Deal Completes

6 Sep, 2024

Egypt Pockets IMF Cash

2 Aug, 2024

Egypt Hydrocracker Progress

26 Jul, 2024

Egypt LNG Imports

5 Jul, 2024

Suez Canal: No Sign Of Recovery

14 Jun, 2024

Masdar Snags EBRD Funds For 200MW Egypt Wind-Farm

14 Jun, 2024

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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