Egypt continues to strive, not just for energy independence, but to return to its status as a regional exporter. With oil and gas fields in the Gulf of Suez, the Mediterranean Sea and the Western Desert, the country has been a site of energy exploration since the early 20th century. With recent discoveries of major natural gas deposits as well as continued exploration announcements, a low-cost...
Egypt Energy Articles & Analysis
As Egypt enters 2018, a newly liberalised local currency and the recent implementation of a much-anticipated investment framework have left the country well positioned for continued economic expansion: the IMF expects GDP growth to reach 4.5% in 2018 and accelerate to around 6% over the medium term.
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Egypt has taken a major step towards reasserting itself as a regional energy hub, halting the import of liquefied natural gas (LNG) following a recent surge in domestic gas production.
Economic update | Subsidy cuts and renewables part of Egypt’s plan for energy and utilities provision
10 Jul 2018
Egypt has moved to lessen the burden of utilities provision on state spending, implementing a series of subsidy cuts amid ongoing economic reforms.
Articles & Analysis | Egypt could become a natural gas exporter again from The Report: Egypt 2018
New discoveries have brought confidence that natural gas imports, currently the primary fuel source for Egypt’s power plants, will decline significantly once the fields start producing. The government will no doubt be looking to this new production to supply the ever-increasing demand, leading to energy self-sufficiency and, eventually, surplus.
...Interviews & Viewpoints | Claudio Descalzi, CEO, Eni: Interview from The Report: Egypt 2018
Articles & Analysis | Egypt's natural gas law supports energy development from The Report: Egypt 2018
The Natural Gas Regulatory Act, or Law No. 196 of 2017, which was approved by the House of Representatives in the summer of 2017, is the culmination of a long legislative effort by the government. The drafting of the law began shortly after the election of President Abdel Fattah El Sisi in 2014, and the completion of this process followed...
Articles & Analysis | Private producers in Egypt set to increase power generation from The Report: Egypt 2018
As Egypt looks to raise its generation capacity to meet rising demand, the government is seeking to attract independent power producers (IPPs) to a newly liberalised market. Renewable energy plans for 2015-23 call for 920 MW to be provided by IPPs, in addition to the 3.2 GW of government-operated projects and 1.25 GW generated under build-own-...