{"id":652589,"date":"2017-01-15T04:14:21","date_gmt":"2017-01-15T04:14:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/egypts-gas-sector-to-change-profoundly-within-five-years\/"},"modified":"2017-01-15T04:14:21","modified_gmt":"2017-01-15T04:14:21","slug":"egypts-gas-sector-to-change-profoundly-within-five-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/egypts-gas-sector-to-change-profoundly-within-five-years\/","title":{"rendered":"Egypt\u2019s gas sector to change profoundly within five years"},"content":{"rendered":"

Egypt\u2019s natural gas sector is \u201con pace for a profound change in the next five years,\u201d<\/strong> 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 report emailed to UPI found<\/a>. Wood Mackenzie expects Egyptian gas production levels to increase to 7.3 bcf\/d, leaving the market \u201cinundated\u201d following positive exploration results and higher gas prices. The report adds that the turnaround will be largely seasonal. \u201cBetter gas availability for domestic sectors -- power especially -- could exacerbate seasonality through the demand response \u2026 Our analysis suggests that over the production ramp-up period, seasonal LNG imports could be needed to cover demand in the peak summer months, while excess gas could be available for LNG exports in the winter.\u201d<\/p>\n

Read that with: IOCs are rethinking the Eastern Mediterranean region\u2019s gas potential<\/strong>, according to analysis by IHS Markit carried by Offshore Energy Today<\/a>. Interest in the region as a whole has grown with Total\u2019s announcement that it will drill a 2017 exploration well in its deepwater Block 11 located offshore Cyprus. \u201cZohr\u2019s success clearly encouraged Total leadership to re-examine Block 11\u2019s potential, since it is contiguous with the Egyptian Shorouk Offshore Block, which is home to Eni\u2019s Zohr Field,\u201d senior director of plays and basins research at IHS Markit Graham Bliss says. He added: \u201cIf the Zohr carbonate play extends northward into Total\u2019s Block 11, then the potential for a significant discovery in Block 11 exists \u2026 A major find would provide competition with offshore Israel gas fields to fulfill Egypt\u2019s rising gas demand \u2026 could even potentially lead to gas exports to Turkey.\u201d Bliss says the most likely outcome for a significant Block 11 discovery is exporting to Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 report emailed to UPI found. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652589","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"42e2df48-19e1-48e6-987a-7d5db5584411","order":"0","is_powered_by":true,"section_story_id":"76f4a927-b818-47a6-8f58-d7b83702c515","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652576],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s gas sector to change profoundly within five years - 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\/2017\/01\/15\/egypts-gas-sector-to-change-profoundly-within-five-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s gas sector to change profoundly within five years\" \/>\n<meta property=\"og:description\" content=\"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 report emailed to UPI found. 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In volume terms, exports climbed to 3.5 mn, from 1.4 mn tonnes in 2018, IGU figures showed. CAPMAS figures released earlier this year indicated\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\/5\/3.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":683986,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/03\/a-nasty-mix-of-factors-is-putting-pressure-on-the-price-of-energy-and-thats-bad-for-egypts-budget\/","url_meta":{"origin":652589,"position":4},"title":"A nasty mix of factors is putting pressure on the price of energy \u2014 and that\u2019s bad for Egypt\u2019s budget","author":"enterpriseam admin","date":"3 March 2026","format":false,"excerpt":"Gulf producers only have 25 days before they run out of storage space","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\/2026\/3\/144.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593619,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/israel-to-boost-gas-supply-to-egypt-by-34-after-changes-to-landmark-agreement\/","url_meta":{"origin":652589,"position":5},"title":"Israel to boost gas supply to Egypt by 34% after changes to landmark agreement","author":"enterpriseam admin","date":"3 October 2019","format":false,"excerpt":"Israel to boost gas supply to Egypt: Dolphinus Holdings and the operators of Israel\u2019s offshore natural gas fields Delek Drilling and Noble Energy have agreed to increase the supply of natural gas to Egypt by 34% to 85.3 bn cubic meters (bcm) under amendments to the landmark 2018 agreement, both\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\/1\/775.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652589","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=652589"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652589\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652576"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652589"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652589"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}