NGW Magazine: Egypt Approaches Self-Sufficiency
Egypt has attracted large and small producers, thanks to higher well-head prices and favourable geology. Its ultimate goal is not only self-sufficiency but a surplus for exports.
Egypt’s gas demand is 52bn m³/yr and is expected to continue rising and may reach 65-70bn m³/yr over the next ten years. A combination of a switch to renewables, lower subsidies, higher gas prices and an awareness campaign by the Egyptian government about more efficient energy use may help stem the rampant increase in demand. But even with these, without new gas coming online the gas deficit of 7bn m³/yr in 2015 will carry on growing.