Egypt is set to return to top ten gas exporters

Significance

BP developed Giza and Fayoum as part of its West Nile Delta project, which, together with Eni’s prolific Zohr field, are making a decisive contribution to the revival of Egypt’s natural gas fortunes.

Impacts

• Egypt has the chance to build up an energy trade surplus through increased exports of LNG, pipeline-delivered gas, and electricity.
• Extra gas could see investment in energy-intensive industries (eg, desalination), and for promoting gas-fuelled and electric vehicles.
• The benefits of East Mediterranean gas cooperation are likely to be confined within the immediate region.
• East Mediterranean resources are too small to have a significant impact on the global market.