BP: Egypt’s LNG Exports Reach 4.5 bcm in 2019

BP: Egypt’s LNG Exports Reach 4.5 bcm in 2019

BP announced that the Egyptian Liquefied Natural Gas (LNG) exports increased 2.6 billion cubic meters (bcm) recording 4.5 bcm during 2019, while the imports decreased to 3.2 bcm by the end of 2018 after recording zero imports in 2019, according to the BP’s Statistical Review of World Energy report.

According to the report, Egypt exported about 1.7 bcm to Europe, 2.7 bcm to Pacific and Asian countries in addition to 1 million cubic meter (mcm) to Kuwait and 1 mcm to UAE.

The report mentioned that natural gas consumption recorded 2.12 bcm in 2019 compared to 2.15 bcm at the end of 2018.

In addition, natural gas production jumped 10.9% to 64.9 bcm at the end of 2019 compared to 58.6 bcm at the end of 2018. Natural gas proved reserves recorded 2.1 trillion cubic meters during the period between 2009 to 2019, the report explained.

Moreover, Egypt’s natural gas liquid production dropped 3.9% to 53,000 barrels per day (bbl/d) comparing to 55,000 bbl/d in 2018. Regarding Egyptian natural gas consumption, it recorded 58.9 bcm in 2019 which decreased 1.1% from 59.6 bcm in 2018.

The total liquid oil consumption reached to 743,000 bbl/d declining by 1.8% from 757,000 bbl/d in 2018.

Additionally, Egypt oil production decreased to its lowest levels in ten years reaching to 686,000 bbl/d compared to 699,000 bbl/d in 2019 to continue in the declining chain which started in 2016 by recording 691,000 bbl/d

The reports stated that, oil proved reserves stood at 3.1 billion barrels, while it reached to 4.4 billion barrels in 2009 and 3.8 barrels at the end of 1999.

Egyptian refineries throughput increased during 2019 by 8.2% recording 562,000 bbl/d versus 519,000 bbl/d and the oil refinery capacity stood at 795,000 bbl/d for the second year in a row after standing at 810,000 for nine years, the report elaborated.

Speaking of carbon dioxide emissions of Egypt, it was reduced by 1.7% to 217.4 million tons in 2019 which is a significant decline after the continued increase during the period between 2008 to 2018.







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