x2
capacity increase since 2010
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This analysis includes a comprehensive Egypt energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
x2
capacity increase since 2010
42%
of renewables in the power mix by 2035
8%
reduction in energy use by 2022 compared to BAU
Abstract
Institutions & Energy Policy
Two ministries share the main responsibility for the energy sector: the Ministry of Petroleum (MOP), which oversees the hydrocarbon sector and holds participation in state-owned oil & gas companies, and the Ministry of Electricity and Renewable Energy (MERE), which supervises several agencies, including the New & Renewable Energy Authority, the Nuclear Power Plants Authority, and the Hy
Energy Companies
Oil:
The sector is dominated by national oil company EGPC (Egyptian General Petroleum Corporation), which operates either directly or through different subsidiaries.
Energy Supply
Oil:
Since 2014, oil production has declined by an average of 2.7%/year, reaching 29 Mt in 2021. Production is concentrated in the Western Desert (56%) and the Gulf of Suez (20%).
Egypt is a net exporter of crude oil, with 5.8 Mt in 2021.
Energy Prices
Oil:
In 2019, Egypt introduced a fuel price indexation scheme. As a smoothing mechanism, the formula caps the quarterly change in retail prices from movements in variable cost at 10%. To contribute to finance the cost of the pandemic, in 2020, the country imposed a development fee on gasoline and diesel fuel.
Energy Consumption
Energy consumption per capita stands at 0.97 toe in 2021, including 1 700 kWh of electricity.
Total energy consumption rebounded by 6% in 2021, after a 1% decrease in 2020. Previously, it had increased by around 4%/year between 2013 and 2019.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Electricity:
Egypt aims to boost its capacity by up to 30 GW by 2025, 8 GW of which should come from renewables. EEHC plans to add 13 GW of thermal capacity totalling $20bn in investments between 2022 and 2027.
In 2016, the Ministry prepared a long-term strategy aimed at investing up to US$135bn to provide 51 GW of electricity until 2035.
Below is a list of the Egypt energy market report graphs:
In the Egypt energy market report you will find the following tables:
The Egypt energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Egypt country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Egypt country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Egypt country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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