Egypt has moved to lessen the burden of utilities provision on state spending, implementing a series of subsidy cuts amid ongoing economic reforms.
Egypt Energy
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A recently discovered gas field in Egypt – one of the world’s largest – is on track to begin production by the start of next year, which should quickly ease the country’s reliance on energy imports.
Heightened activity across several of Egypt’s large, new gas fields and government policy measures aimed at encouraging the sector’s development have put the country on course to reach its target of becoming a net exporter by 2019.
In a bid to boost Egypt’s power generation capacity, government officials are looking to increase production from solar and other renewable energy sources.
Economic update | Egypt’s oil and gas sector rallies
27 Sep 2016
Even amid a backdrop of low global commodity prices, new oil and gas discoveries are continuing to drive investment in Egypt’s hydrocarbons sector.
Economic update | Ramping up gas production in Egypt
30 Mar 2016
In spite of the global slowdown in capital spending by energy companies, Egypt’s upstream gas industry is attracting multi-billion-dollar investments as it looks to meet rising domestic demand.