Egypt’s Natural Gas Outlook | No availability concerns, but expect reforms to take center stage
Output from mega finds being absorbed. In this report, we demonstrate our findings after assessing Egypt’s natural gas market. Our conclusion is that barring major future discoveries, Egypt will remain a net gas importer in the foreseeable future, despite output from mega fields due in 2017-18, adding c53bn m3 p.a. (5.1bcf/d) at peak, c116% of 2015 production. Incremental supply has started to hit the market and we expect imports will be a lower 7.6% and 0.9% over 2018-19, respectively, of local market needs down from 13.3% in 2017e. But this is still a major turn from when Eni’s mega Zohr field was announced in 2015, and there were hopes for exports. Positively, the higher dependency on captive supply will mean gas imports will contribute 1.6% of the trade deficit by 2020e down from c11% in the current fiscal year.
CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance, and investment banking products and services.
Through its headquarters in Cairo and presence in New York and Dubai, CI Capital offers a wide range of financial solutions to a diversified client base that include global and regional institutions and family offices, large corporates, SMEs, and high net worth and individual investors.
CI Capital leverages its full-fledged investment banking platform to provide market leading capital raising and M&A advisory, asset management, securities brokerage, custody and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital offers microfinance lending through Egypt’s first licensed MFI, Reefy.
The Group has over 1,700 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.
CI Capital has been recognized as the “Best Investment Bank in Egypt” by EMEA Finance for four years running from 2013-2016, and by Global Finance in 2014 and 2015.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.