Diverse East Mediterranean outlook
Egypt will enjoy a gas boom, while Cyprus and Israel struggle to find export markets
During 2017, Egypt adopted an energy sector reform programme, including the liberalisation of the gas industry, and subsidy reductions. These reforms have already benefited the energy sector. Gas production increased, with the giant Zohr gasfield (reserves of 0.85 trillion cubic metres) due on stream in December, helping reduce liquefied natural gas imports by 30%. The first phase of Zohr will be completed during the first half of 2018, adding over 10bn cm a year to the Egyptian gas grid, rising to about 28bn cm/y by 2019. With smaller gasfields also being developed over the same period, Egypt expects to become self-sufficient in gas by the end of 2018, allowing it to phase out LNG imports a
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
