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
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SELECTED DATA

1: Egypt Oil Output Fell To A 38-Year Low Of 608,000 B/D For March ('000 B/D)

2: Apache Gross Egypt Output Is At A 10-Year Low But The US Firm Hopes A Well-Stocked Inventory Will See A Rebound

3: Apache Hikes Egypt Capex, But Still Just 40% Of 2014 Levels

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