*Egypt’s gas output continued its downward trajectory in October, slumping to a seven and a half year low 4.494bn cfd, while oil output, having edged higher in September, fell again to 541,000 b/d for October, only fractionally above August’s 45-year low of 536,000 b/d.
*Gas output has been on a clear downward trajectory since peaking at 7.193bn cfd in September 2021 with losses of almost 1bn cfd over the last year alone (see chart). But Cairo is hoping that development work over the next 12 months at three key projects will see output rebound or at least put an end to the losses. (CONTINUED - 382 WORDS)
