1. Cairo Aims To Arrest Gas Output Decline But 2025 Gains Look Unlikely

    ...cember, there was no sign of a turnaround, with production of 4.421bn cfd the lowest since early 2017. This takes output back to levels last seen before the March 2017 start-up of BP’s $9bn West Nile Delta project. As with many projects offshore Egypt, WND saw rapid decline with the ‘WND Phase 3’ Ra...

    Volume: 68
    Issue: 08
    Published at Fri, 21 Feb 2025
  2. Egypt’s Output Collapse: Gas Down 16% To Below 5bn Cfd For 2024, Oil At 45-Year Low

    ...nce the start up of WND in early 2017, whilst December’s Med figure of 3.169bn cfd was the lowest since Zohr began to ramp up output the following year.   *BP’s Raven field, which accounts for almost all of current WND output, is also the country’s largest condensate producer. As such, sl...

    Volume: 68
    Issue: 08
    Published at Fri, 21 Feb 2025
  3. Egypt Gas Demand Edges Up As Record Israel Supplies Make Up For Output Slump

    ...4,000 b/d in August before easing to end the year at 63,000 b/d for December (see chart 4). On an annual basis, 2024’s fuel oil consumption of 116,000 b/d was level with 2022 as the highest since 2017.   *Whilst fuel oil provided a short-term fix, longer term Cairo sees expanding renewables capacity as...

    Volume: 68
    Issue: 08
    Published at Fri, 21 Feb 2025