Cairo hopes that Egypt’s gas output will reach an all-time high of 7.79bn cfd by the 2019-20 financial year. This not only implies an end to LNG imports, but a surplus of almost 1bn cfd of gas to export. But, even with Eni and BP bringing giant projects online, this figure appears optimistic.

For much of 2017 Egyptian officials have been touting that the country will have a gas surplus as early as mid-2018. Egypt last had an annual gas surplus in 2013 when output was almost 5.5bn cfd...