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 |
Corporate
29 Nov, 2024
Featured
Adnoc Can't Get No Satis: Cairo Revokes BP Permit
Cairo has revoked BP’s right to develop the 1tcf Satis field, an asset slated for inclusion in the major’s landmark Egypt JV with Adnoc.
BP Adnoc Egypt Deal Loses Key Satis Development Lease
NEWS IN BRIEF
Egypt 1.1GW Wind Funding
6 Dec, 2024
Egypt To Raise $104mn From United Bank IPO
29 Nov, 2024
Chevron Set For More Egypt Blocks
15 Nov, 2024
Chevron Spuds Egypt West Med Well
8 Nov, 2024
Woodside Expands Offshore Egypt
25 Oct, 2024
Egypt: Solar Start-Up
25 Oct, 2024
Egypt Renewables Target Cut
25 Oct, 2024
SELECTED DATA
Egypt's Record Current Account Deficit For 1h 2024 Came Amid A Record Oil & Gas Trade Deficit ($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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