DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8f4d5b/egypt_oil_and_gas) has announced the addition of Business Monitor International's (BMI) "Egypt Oil and Gas Report Q4 2011" report to their extensive offering of energy market research publications.
The latest Egypt Oil & Gas Report from BMI forecasts that the country will account for 20.67% of African regional oil demand by 2015, while providing 5.28% of supply. In terms of natural gas, in 2011 Egypt will have consumed an estimated 36.19% of the region's gas, with its market share forecast at 33.30% by 2015. It will have contributed an estimated 30.49% to 2011 regional gas production and by 2015 will account for 25.65% of supply.
State oil company EGPC alone accounts for just 20% of the country's oil output. Combined oil and gas liquids output is forecast to increase from an estimated 680,000b/d in 2011 to 681,000b/d in 2015. Gas production should reach 77bcm by 2015, up from an estimated 66bcm in 2011. Consumption is expected to rise from an estimated 47bcm to 55bcm by the end of the forecast period, providing exports of 22bcm.
Between 2011 and 2020, BMI forecasts a fall in Egyptian oil and gas liquids production of 11.8%, with volumes slipping steadily to 600,000b/d by the end of the 10-year forecast period. Oil consumption between 2011 and 2020 is set to increase by 35.1%, with growth slowing to an assumed 3% per annum towards the end of the period and the country using 975,000b/d by 2020. Gas production is expected to rise to 95bcm by the end of the period. With demand increasing by 48.6% between 2010 and 2020, there should be export potential increasing to almost 25bcm, largely in the form of LNG.
Companies Mentioned:
- Egyptian General Petroleum Corporation (EGPC)
- BP Egypt
- Eni Egypt
- Shell Egypt
- BG Egypt
- Apache Energy
- Dana Gas
- Edison
- RWE Dea
- Melrose Resources
- Lukoil
- ExxonMobil
- Chevron
- GDF Suez
- Reliance Industries
- Enel
For more information visit http://www.researchandmarkets.com/research/8f4d5b/egypt_oil_and_gas