Egypt’s ongoing upstream gas recovery is enabling Cairo to stop worrying about meeting power generation fuel demand and look to other sources of income from growing supplies. In the first half of 2018 powergen gas demand equated to 63% of Egypt’s output, down from an annual peak of 74% for 2016 (see chart).
With output soaring to a six-year high of 6bn cfd in June, demand was a relatively comfortable 69% of output, versus a summer peak of 90% two years earlier. With the summer demand peak now over, no shortages have been reported. (CONTINUED - 664 WORDS)
