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

From a net exporter of gas, Egypt has swung back to be a net importer as output continues to decline. A bare project pipeline of new developments means it will likely continue to import LNG and piped gas from Israel in the near-term.

2024 In Numbers

Gas Output	49.37	bcm
Gas Imports	14.61	bcm
Crude Output	537	000 b/d
Crude Imports	25	000 b/d
Crude Exports	38	000 b/d

Corporate

11 Apr, 2025

Featured

Eni Revises Up Zohr Reserves But Output Decline Continues

Zohr’s original 1P reserves remain below 10tcf despite an incremental upward revision by operator Eni. Development drilling has begun to halt output declines.

Zohr End-2024 P1 Reserves Upgraded By 0.13tcf But Implied Original Reserves Remain Below 10tcf (tcf)

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NEWS IN BRIEF

Egypt, France $7.7bn Green H2 Deal

11 Apr, 2025

Egypt Signs Up Siemens For 500MW Gulf Of Suez Wind

21 Mar, 2025

Scatec: 1.1GW Egypt Solar/Storage PPA

14 Mar, 2025

BP Egypt Gas Boost

7 Mar, 2025

Shell Quits Egypt Red Sea Blocks

7 Mar, 2025

Egypt Taps Cyprus For FSRU

31 Jan, 2025

Egypt Advances 1GW Solar

24 Jan, 2025

Egypt Adds 306MW Wind

10 Jan, 2025

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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North Africa