*August saw Egypt post a new gas deficit (output minus consumption) record of 1.85bn cfd, surpassing the previous month’s record of 1.74bn cfd (MEES, 20 September). Gas output continues to slump, dropping to 4.58bn cfd, the lowest since March 2017 and down over 1bn cfd year on year according to the latest Jodi data.
*It would have been worse, but Egypt was able to reduce gas consumption, albeit by just 9mn cfd month on month to 6.44bn cfd (see chart). Gas used in power generation also saw a modest month on month dip by 52mn cfd to 4.08bn cfd. (CONTINUED - 241 WORDS)
