Share page with AddThis
20 June 2017

Egypt as regional hub: Opening the door to liberalisation

Within the space of ten years, Egypt has gone from major gas exporter to significant importer. But now, with ENI's Zohr field and BP's Nile Delta discoveries set to boost output, Egypt is trimming its LNG imports and could be on track to becoming an exporter again. That could be good news for Shell and Gas Natural Fenosa, whose two LNG plants at Idku and Damietta respectively have been largely idle since 2014. But unless new sources can be deployed, any re-emergence of Egypt as exporter might be short lived.

The good news is that significant resources lie just outside Egypt's territorial waters in Cyprus and Israel, which do not have obvious market outlets. And with the Zohr discovery sparking a reassessment of East Med exploration prospects, there is considerable optimism about the scope for new discoveries. Egypt hopes to link these resources to its rapidly growing market, which now has both export and import facilities, and act as a regional gas hub. It is easy to see the benefits to Egypt, but creation of a truly liquid regional hub would be a grand undertaking, likely involving both the gas and power sectors, and rivaling the liberalisation of the UK industry in scale. Gas Matters examines the concept of Egypt as regional gas hub and asks how feasible it really is.

Subscription Benefits

Our three titles – Gas Matters Today, Gas Matters and LNG Business Review – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.

Gas Matters Today

Gas Matters Today's news analysis keeps you fully briefed on the relevant people, companies and events shaping the gas, LNG and wider hydrocarbon industries.

Gas Matters

Gas Matters provides essential context for the global gas industry and wider energy complex, pairing insider insight with broader themes - from geopolitics to macroeconomics to regulatory risk.

LNG Business Review

LNG Business Review gives the insiders view on issues LNG mangers are facing today, written by Gas Strategies' network of LNG experts.

Stay current and search the past

Access news and features published daily*, plus a fully searchable archive.

Available when you need it

Save stories, features, news and interviews and also read offline in the Gas Strategies app.

Stay up-to date

Get real-time access to articles as they are published with alerts for the latest content.

Flexibility

Access content via mobile or tablet, dedicated apps, web browser or customise a downloadable pdf.

Subscribe

For more information please contact the subscriptions team on +44 (0) 20 7332 9981 or subscriptions@gasstrategies.com

*Monday to Friday, excluding UK public holidays.

Share page with AddThis

Did you know that your Internet Explorer Browser is out of date?

Your MS Internet Explorer browser is out of date, and will not be fully compatible with our website. For best browsing experience we recommend that you upgrade your IE browser to a more recent version or use an alternative, more recent browser.