As Egypt’s gasoline output continues to dwindle, the nation is changing into more and more depending on gasoline imports to make sure continued provides to energy vegetation and petrochemicals amenities, with the period of net-LNG exports firmly ending. Already reliant on round 1bn cfd of pipeline gasoline imports from Israel, Egypt imported 1.1mn tons of LNG within the low-demand Q1 interval in keeping with Kpler, placing it properly heading in the right direction to smash final yr’s seven-year excessive 2.5mn tons.
Since July final yr Egypt’s gasoline deficit (output minus demand) has averaged 1.7bn cfd, peaking at 1.85bn cfd in August through the summer season peak electrical energy demand season (MEES, 22 November 2024). Gasoline accounts for greater than 80% of Egypt’s energy technology gasoline combine, and with summer season looming, Cairo is searching for to safe ample volumes to keep away from a repeat of final yr’s blackouts (MEES, 28 June 2024). (CONTINUED – 945 WORDS)
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