Have you found the sample you need?

Save your time and order an original essay now!


Natural Gas Crisis In Egypt

Download PDF

Supply cuts to factories and frequent electrical outages. One of the most important inputs in Egypt’s power infrastructure in Natural Gas. According to the IAEA, natural gas was more than half of the total energy supplied in Egypt in 2013. For a long time, Egypt was producing a surplus. According to the 2015 BP Statistical Review of World Energy, domestic production of natural gas peaked at 6.06 billion cubic feet (bcf) of gas per day in 2009, when consumption averaged only 4.11 bcf per day. However, by 2014, domestic gas production had fallen by 22.3 percent to 4.71 bcf per day.The problem was the rapid growth of population, leading to more usage of electronics and air conditioning. It was not helped by the dip in the production of natural gas, with the government also putting a stop to any exploration contracts. This leads to the nullification of natural gas surplus and of Egypt’s stature as a net gas exporter.

Essay due? We'll write it for you!

- any subject

- min. 3-hour delivery

- pay if satisfied

Get your price

Currently, the demand is growing by 1.77 bcf per day, while the supply is falling by 1.2 bcf per day. So the case here is of the demand increasing and the supply falling at different rates. However, three important developments can turn this around, which will be discussed in the next case. Certain steps needed to be taken to tackle the crisis, and so the effect of the changes on the demand and supply of natural gas form this case.

To begin with, Egypt started getting shipments of LNG from different oil and gas players, like Shell and PetroChina through two FSRUs. With these FSRUs, they are able get more gas into the circuit. In addition to this, Egypt has also agreed to allow factories to import some of their natural gas needs through the FSRUs, paying for half of their gas consumption at the government contract rate and the rest at global market rates. While this may increase consumption of natural gas overall, it will reduce the pressure put on Egypt’s already limited supplies of domestically produced gas.

Second, in August 2015, the Italian energy company Eni discovered Zohr, “super giant” gas field in the Mediterranean Sea. Drilling began on December 26, and the first gas from the Zohr fields is likely to come out soon.

Third, significant progress has been made toward an agreement between Egypt, Israel, and a number of private energy firms for the export of gas from Israel’s Leviathan field through an existing pipeline to Egypt. The agreement could supply the Dolphinus Holdings with 4 billion cubic meters of natural gas per year, or 0.387 bcf per day. These developments have led to an increase in the supply of natural gas, although demand is still increasing with more intensity.

Disclaimer: This essay has been submitted by a student. This is not an example of the work written by our professional essay writers. You can order our professional work here.

Download essay
74 editors online and ready to help you with your essay

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.



Your essay sample has been sent.

Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

thanks-icon Order now

Newest essays & research papers

This source simply states facts about ACA (aka Obamacare). The source explains how the ACA works, what it does for the people, and how the insurance market will work for…
The Affordable Part of College? Politics. Something not often brought up in conversation unless you are looking to argue or make a crowd uncomfortable. Politics is also a confusing world,…
The people of the United States are always looking at who could be the best person for the job when it comes to the role of president. Regardless of where…
The Unintended Consequences on the War on Drug The war on drugs has been a subject for 50 years, but no prevention measures have been found to aid in the…
The United States holds 22 percent of the world’s prison population, while the total U.S. population makes up only around 4 percent of the world’s population. The war on drugs…
Abstract This paper explores and serves as a reaction to involvement of the Department of Homeland Security (DHS) and other homeland security efforts in relation to the United States’ “War…
Pilsen Is Not for Sale On Tuesday October 25 of 2016, a freshman explore class took a fieldtrip to the art museum in Pilsen. They were there to admire the…
Gentrification is a concept of the bourgeoisie, a concept that benefits the social means of the few elite, while stripping many of their basic human rights. The queer community is…
Gentrification, Displacement, and the Loss of Culture and Authenticity in American Cities Cities have long been some of the most prevalent locations to find a wide array of diversity and…
Hyperloop Transportation Technologies Vs Hyperloop One Comparative analysis Technology. The HT technology uses a low-pressure suspension system in order to enable easily purchased and installed standard commercial pumps to overcome…
Privatization and Urban Design: How to Improve Rome’s Transportation System Every single object that surrounds us is a piece of design: the pen that we use to take notes, the…
Transportation The environment has come to be a very sensitive topic between people, and especially politicians in about the last decade because of the ignorant ways humans lead their day…
Load More

Eduzaurus.com uses cookies to offer you the best service possible.By continuing we’ll assume you board with our cookie policy.

Do not miss your deadline waiting for inspiration! Our writers will handle essay of any difficulty in no time. Want to get a custom essay from scratch?
Do not miss your deadline waiting for inspiration! Our writers will handle essay of any difficulty in no time. Want to get a custom essay from scratch?
Do not miss your deadline waiting for inspiration! Our writers will handle essay of any difficulty in no time. Want to get a custom essay from scratch?