Egypt Becomes Top Natural Gas Exporter

The organization of “OAPEC” released a report on the volume of Arab countries’ natural gas exports during the third quarter of 2021.

OAPEC cited Egypt as one of the top key players profiled in this report, as it exported approximately one million tons, compared to about 0.1 million tons in the same period last year, with a percentage increase of about 900%.

The report of “OAPEC”, which presents an in-depth assessment of the market, shows that this continued growth in export volume is due to the restart of the Damietta liquefaction complex in February. It has a production capacity of approximately 5 million tons per year, after being inactive for about 8 years, in addition to the continuation of the activity of the “Idku” complex, which has a production capacity of approximately 7.2 million tons per year.

In the same connection, the new study called "The Liquefied Natural Gas and Hydrogen Developments Report for the Third Quarter of 2021" expected that Egypt would hit a number record of liquefied natural gas exports by the end of 2021. The country resumed export activity at a high pace thanks to the growth of domestic production after making several gas discoveries and accelerating their development, led by the Zohr field and atoll camp.

In August, the organization revealed that Egyptian natural gas exports amounted to around 1.4 million tons during the second quarter of quest’year.