Natural gas was introduced in to Egypt in the 1970s. Gas demand significantly increased from 2000, with an average annual growth rate of 7%, supported by robust economic growth, strong domestic consumption and high level of investment in upstream. Nonetheless, this situation was short-lived and the gas market tightened since 2010 as production from maturing fields started to disappoint. Egypt eventually succeeded in importing LNG in 2015 to alleviate the increasing gas supply shortfall. We expect a strong ramp-up in LNG demand primarily to support current power requirements and committed or planned gas-fired capacity expansions.