Directional impact on forecast:
Positive for Egypt’s gas production
Egypt is set to see a year-on-year rise in marketed gas production in 2017 – its first increase on an annual basis since 2014. The fact that the country’s key projects are running ahead of schedule will only quicken the process. BP started commercial operations from the first phase of its West Nile Delta (WND) project in May – eight months ahead of schedule and under budget. The WND project will play a crucial role in Egypt’s efforts to become self-sufficient in gas and reduce its reliance on LNG imports in the coming years.
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