Exploration & Production

Egypt aspires to be a net LNG exporter again

While Egypt’s rising gas output will severely curtail its need for LNG imports, it has the potential to significantly boost its LNG exports While Egypt’s rising gas output will severely curtail its need for LNG imports, it has the potential to significantly boost its LNG exports.
By Abhishek Kumar 24 April 2018 0 30564
Idku LNG plant, Egypt Egypt's Idku LNG plant. (Shell)

Directional impact on forecast:
Positive for Egypt’s gas production and LNG exports

Egypt’s gas production is rising sharply thanks to key upstream projects such as Zohr, West Nile Delta (WND), Nooros and Atoll. The country’s gas output is set to receive another boost following Shell’s decision to bring Phase 9B of the delayed West Delta Deep Marine (WDDM) project online by the end of 2018. Consequently, Egypt’s LNG import requirements will fall sharply this year, but this will help the country regain its position...