Egypt Gas Export Potential Up To 2050 & Regional Gas Policies

Year 2017, Issue: 3, 28 - 45, 01.05.2017

Oğuzhan Akyener , Ali Maraşlı

Abstract

Although having around 3.5
billion barrels of oil and 2.2 trillion m3 proved gas reserves, Egypt is facing
with the crisis of meeting the demands of its domestic market. Mainly due to
increasing in-country consumption volumes, Egypt has lost its position of being
an energy exporter in 2014.

In contrast to these negative
strides, new offshore gas discoveries again can change all the scenarios, and
so Egypt’s plans to be an exporter after 2020.

In intercalary years, new
discoveries in Egypt offshore increase the importance of Eastern Mediterranean
resources. A plenty of reserve estimations and potential about the region’s
hydrocarbon resources, development scenarios, gas export strategies, Israel,
Cyprus and Lebanon’s situations have been declared here and there.

However, questions of curiosity
arise as:

• What will be the actual export
potential of Egypt?

• Will it change all the gas
balances in the region and European markets?

• What are the chances of
transporting Egypt gas to Europe via Turkey, if a solution through Cyprus is
unachieved?

Above questions will be subjected
in this study. For starters, gas reserves, new discoveries and the fields to be
developed, production-consumption-export potential estimations of Egypt will be
analyzed. Analyses will yield evaluation of regional gas policies by including
Turkey’s role in the future dynamics.

Keywords

Egypt Gas potential, Regional gas policies

References

• Not available