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
Oil & Gas

15 Nov, 2024

Featured

Egypt: Apache Snags Gas Price Hike, Adds Rig

Cairo hopes a hike to $4/mn BTU in the price paid for new onshore output will incentivize production. But receivables payments remain inconsistent.
Apache Egypt Oil Output Flatlines, Gas Edges Up From Q2’s Record Low
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NEWS IN BRIEF

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

Egypt Hikes Electricity Prices In Bid To Unlock IMF Cash

13 Sep, 2024

Egypt Takes Ethiopian Dam Dispute To UN

6 Sep, 2024

Harbour-Wintershall Deal Completes

6 Sep, 2024

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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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