Egypt’s Natural Gas Exports Skyrocket By 900% YoY In 3Q21

Giving More to Your Wealth
15 Nov 2021

In its most recent report, the OAPEC (Organization of Arab Petroleum Exporting Countries) revealed that Egypt had the biggest growth in the volume of natural gas exports among all Arab countries. Egypt’s exports of natural gas soared by 900% YoY in 3Q21, reaching around 1mn tons. The report attributed the steep growth in export volumes to the re-opening of the Damietta gas liquefaction facility in February 2021. Having been inactive for 8 years, the facility has a production capacity of 5mn tons/year. This was in parallel to the continuously operational Idku facility, which has a production capacity of 7.2mn tons/year. Among the countries that import Egyptian LNG (Liquefied Natural Gas) are China, India, Pakistan, Spain, Belgium, and Kuwait.

(Source: See News (English), al-Maal, al-Ahram, al-Youm al-Saabe, al-Dustour, Akhbar al-Youm, Sada el-Balad, al-Arabiya)

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