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Markets & Forecasts

No smooth sailing for Egypt’s LNG exports

Upstream issues, rising domestic gas demand and regional geopolitics will remain obstacles to Egypt’s ambition of becoming a major LNG and pipeline gas supplier Upstream issues, rising domestic gas demand and regional geopolitics will remain obstacles to Egypt’s ambition of becoming a major LNG and pipeline gas supplier.
By Abhishek Kumar 18 April 2019 Middle East & Africa / Supply & Demand 0 34152
Egypt is banking on seven key projects - including Disouq - to add another 80 million cubic metres per day of production capacity during the 2019-2020 financial year. (RWE Dea AG)

Egypt is in the middle of a gas renaissance that has seen it regain its self-sufficiency in the fuel. The increasing involvement of IOCs in the Egyptian upstream sector has strengthened hopes that the country could become a major LNG exporter before the end of the decade, helped by its sharply rising gas production. Even countries such as Israel and Cyprus are planning to commercialise some of their gas via Egypt’s two liquefaction plants. Nevertheless, it will be no mean feat to bring all the...