Exploration & Production

Egypt’s gas hub ambitions are a distant prospect

Egypt’s chances of becoming a regional gas hub face major challenges in the form of geopolitical, logistical and technical hurdles Egypt’s chances of becoming a regional gas hub face major challenges in the form of geopolitical, logistical and technical hurdles.
By Abhishek Kumar 24 May 2018 0 31000
Sunset illuminates the promenade of Alexandria’s waterfront The promenade of Alexandria’s waterfront. The West Nile Delta fields are located approximately 65-85 km off the coast of Alexandria (Wikicommons)

Egypt is set to regain its status as a net LNG and gas exporter by 2020 as a result of sharply rising production at key upstream projects such as Zohr and the West Nile Delta (WND). Nevertheless, geopolitical, logistical and technical challenges mean Cairo’s goal of becoming a regional gas hub will remain elusive, despite the growing interest from IOCs in Eastern Mediterranean oil and gas acreage. This will present additional problems for Israel and Cyprus in commercialising gas from prospective reserves such as the...