Market Snapshot

Jul 4, 2019 | Egypt, Egypt Energy Report Q3 2019

Egypt’s energy sector is experiencing a renaissance thanks to a series of exciting gas discoveries and the government’s long-overdue reform of the sector. It is a remarkable turnaround for the African nation, which had to halt gas exports and begin imports in 2015,...

Index

Jul 4, 2019 | Egypt Energy Report Q3 2019

Reserves, production and consumption Egypt’s oil and gas fields Gas demand forecast Operating Structure Oil and Gas Sector Modernisation Programme The Liberalisation of Egypt’s Gas Market Regional Integration Opportunities Licensing rounds EGPC 2018 Bid Round GANOPE...

Reserves, production and consumption

Jul 4, 2019 | Egypt, Egypt Energy Report Q3 2019

Egypt’s proven oil reserves totalled 3.3 billion barrels at the end of 2018, accounting for 0.2% of the world total. Its gas reserves amounted to 2.1 trillion cubic metres, some 1.1% of the world total. Egypt’s main oil and gas deposits are clustered in the Gulf of...

Egypt’s oil and gas fields

Jul 4, 2019 | Egypt, Egypt Energy Report Q3 2019

Figure 1: Egypt’s oil and gas fields Egypt’s oil consumption overtook local production in 2010. In 2018, the country produced 670,000 barrels a day (b/d) of oil (including condensates and natural gas liquids), and consumed around 760,000 b/d, with the gap being...