{"id":600602,"date":"2019-02-04T03:40:50","date_gmt":"2019-02-04T03:40:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/"},"modified":"2019-02-04T03:40:50","modified_gmt":"2019-02-04T03:40:50","slug":"egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/","title":{"rendered":"Egypt is leading the region\u2019s decline in liquefied natural gas demand"},"content":{"rendered":"

Egypt\u2019s emergence as a regional gas hub is driving a decline in regional demand for liquefied natural gas<\/b>, writes Verity Radcliffe for Bloomberg<\/a>. While Egypt was the region\u2019s biggest LNG importer in 2016 and 2017, we are now on track to become a significant exporter this year after several gas discoveries allowed us to pull the plug on LNG imports last September<\/a>. The switch from being a net importer to becoming a net exporter positions Egypt among the main reasons for the regional turnaround from a two-year demand surge that outpaced global growth between 2014 and 2016 to a rapid reduction of 37% last year.<\/p>\n

So what can regional and global LNG markets expect?<\/b> \u201cThe Middle East is now expected to make up less than 4% of global imports for at least eight years,\u201d Radcliffe said. Last year, almost half of Egypt\u2019s LNG imports came from Qatar, the world\u2019s biggest exporter of the commodity. They are unlikely to feel much pain from our absence, however, as global LNG demand is expected to grow at more than double the rate of supply \u2014 especially in Asia, which accounts for well over half the LNG demand worldwide. Jordan is also expected to increase its reliance on \u201cpipeline imports from Egypt, trimming its need for LNG,\u201d Radcliffe notes. Egypt has begun increasing<\/a> its natural gas exports to Jordan to 100 mcf\/d, with plans to increase further to 250 mcf\/d during the summer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s emergence as a regional gas hub is driving a decline in regional demand for liquefied natural gas, writes Verity Radcliffe for Bloomberg. While Egypt was the region\u2019s biggest LNG importer in 2016 and 2017, we are now on track to become a significant exporter this year after several gas discoveries allowed us to pull […]<\/p>\n","protected":false},"author":1,"featured_media":600603,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[93,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-energy","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1840d457-84ad-44d7-9910-8393413d3d15","is_powered_by":true,"section_story_id":"bf80f461-608c-4fc0-97dd-3ab1460771aa","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/2\/2400.jpg","photo_position":"above","related_issue":[600585],"teaser":"","voice_url":""},"yoast_head":"\nEgypt is leading the region\u2019s decline in liquefied natural gas demand - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is leading the region\u2019s decline in liquefied natural gas demand\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s emergence as a regional gas hub is driving a decline in regional demand for liquefied natural gas, writes Verity Radcliffe for Bloomberg. While Egypt was the region\u2019s biggest LNG importer in 2016 and 2017, we are now on track to become a significant exporter this year after several gas discoveries allowed us to pull […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-04T03:40:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2400.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt is leading the region\u2019s decline in liquefied natural gas demand\",\"datePublished\":\"2019-02-04T03:40:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/\"},\"wordCount\":248,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2400.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/egypt-is-leading-the-regions-decline-in-liquefied-natural-gas-demand\/\",\"name\":\"Egypt is leading the region\u2019s decline in liquefied natural gas demand - 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Oil\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569585,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/spanish-naturgy-will-be-pulling-out-of-the-damietta-lng-plant\/","url_meta":{"origin":600602,"position":1},"title":"Spanish Naturgy will be pulling out of the Damietta LNG plant","author":"enterpriseam admin","date":"1 March 2020","format":false,"excerpt":"Spain\u2019s Naturgy is pulling out of its Egypt operations, allowing liquefaction operations at Damietta LNG plant to begin again: Italy\u2019s Eni and Spain\u2019s Naturgy have reached an agreement with the Egyptian government that will see Naturgy exit Union Fenosa Gas (UFG), its joint venture with Eni, according to statements from\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/8.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652589,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/egypts-gas-sector-to-change-profoundly-within-five-years\/","url_meta":{"origin":600602,"position":2},"title":"Egypt\u2019s gas sector to change profoundly within five years","author":"enterpriseam admin","date":"15 January 2017","format":false,"excerpt":"Egypt\u2019s natural gas sector is \u201con pace for a profound change in the next five years,\u201d consultant Wood Mackenzie says. \u201cAfter swinging from the world's eighth largest liquefied natural gas exporter in 2009 to the world's eighth largest LNG importer in 2016, the wheel is set to turn again,\u201d a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556185,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/14\/egypt-greece-electricity-linkage-will-make-headway-with-mou-signing-today\/","url_meta":{"origin":600602,"position":3},"title":"Egypt-Greece electricity linkage will make headway with MoU signing today","author":"enterpriseam admin","date":"14 October 2021","format":false,"excerpt":"Egypt and Greece are set to agree on building an undersea cable through which Egypt will export surplus electricity to Greece, with the two countries set to sign an MoU in Athens later today, a Greek Energy Ministry official tells Reuters. The subsea cable comes as part of the USD\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/158.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632533,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/egypt-is-poised-to-again-become-a-net-exporter-of-lng\/","url_meta":{"origin":600602,"position":4},"title":"Egypt is poised to again become a net exporter of LNG","author":"enterpriseam admin","date":"13 February 2018","format":false,"excerpt":"Egypt is poised to again become a net exporter of liquefied natural gas, LNG World Shipping says. \u201cThe only obstacle standing in the way of the country\u2019s re-emergence as a net LNG exporter over the next few months is another surprise decline in the output potential of the domestic gas\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622959,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/hoegh-gallant-fsru-to-leave-egypt-this-week\/","url_meta":{"origin":600602,"position":5},"title":"H\u00f6egh Gallant FSRU to leave Egypt this week","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"Gas import era ends as H\u00f6egh Gallant FSRU leaves Egypt this week: The H\u00f6egh Gallant floating storage regasification unit (FSRU), until recently the final critical link in Egypt\u2019s natural gas import chain, is set to leave Egypt before the week is out, Oil Minister Tarek El Molla told Reuters, marking\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600602"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600602\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/600603"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600602"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600602"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}