According to Dr Nakhle, if it wasn’t for the discovery of Zohr field, Egypt would have lost its status as net exporter as its domestic consumption outpaced its production.
In terms of gas reserves, production and exports, Egypt is not as big as Algeria or Qatar but it has many advantages, including a diversified export portfolio. It can strengthen its position if it gets more gas from its neighbours.
“Russia’s oil is in long-term decline – and the war has only added to the problem“, Dr Carole Nakhle, Jul 2022
“Energy Sanctions and the Global Economy: Mandated vs Unilateral Sanctions“, Christof Rühl, May 2022
“Sanctions and the Economic Consequences of Higher Oil Prices“, Christof Rühl, Apr 2022
“Nord Stream 1: Why is Russia cutting gas supplies to Europe?“, Dr Carole Nakhle, Jul 2022
“Russia’s war help Qatar reassert its importance“, Dr Carole Nakhle, Jul 2022