Egypt’s gas consumption soared by over 200mn cfd to hit a new monthly record 6.77bn cfd for August. This is up over 300mn cfd on the 2020 peak and over 250mn cfd up on the previous monthly record set in summer 2018 (see chart 1).
Egypt Gas Market Tightens As Fuel Oil Burn Returns
Egypt’s gas consumption leapt to a record 6.77bn cfd for August whilst fuel oil burn near tripled. Freshly-released August stats showing an acute gas shortage help explain the subsequent threat to halt LNG exports.
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Charts
1: Egypt’s Gas Consumption Soared To A Record 6.77bn cfd For August (bn cfd)...
2:...Just 160mn cfd Below Gas Output*
3: Despite Record Consumption, Near-Record Output Means That Egypt For Now Retains A Modest Gas Surplus (bn cfd)....
4:...But It Has Only Been Able To Continue With LNG Exports Thanks To Steady Imports From Israel (Egypt’s Gas Imports & Exports, mn cfd)
5: Egypt Fuel Oil Burn Jumps In August To 2-Year High 57,000 b/d (‘000 b/d)
6: Gas Burned In Power Generation Has Risen Strongly But Trails 2018 Levels (bn cfd)
7: Egypt 2020-21 Gas Consumption By Sector (%)
8. Egypt’s Key Emethenex Plant Continues To Receive Its Full Natural Gas Supply Allocations
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