Egypt predicts gas shortage to continue next year

The Egyptian petroleum ministry estimates the country’s energy woes are likely to worsen in the next fiscal year, as gas production fails to meet surging domestic demand, Reuters has reported. The ministry has said that gas production is expected to be 5.4 billion cubic feet (bcf) per day and consumption 5.57 bcf/day in the fiscal year that begins July 1. In the current fiscal year by comparison, gas production is still estimated to exceed consumption at 5.31 bcf/day versus 4.95 bcf/day, a ministry official said. The growing population of 85 million and generous subsidies have kept energy demand increasing to the extent that it has cut into exports of liquefied natural gas (LNG) previously promised to foreign firms.

Help keep Expat Cairo independent. If you value our services any contribution towards our costs would be greatly appreciated.