Cairo Breakfast Briefing 2017 - the audience view: oil price, gas exports and exploration

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

Wood Mackenzie and Maplecroft held their first joint forum in Cairo on 10 April. The theme was opportunities and risks and two presentations were delivered by Wood Mackenzie: the first covering record levels of investment in North Africa, the second on Egypt and the wider Eastern Mediterranean gas dynamics. Maplecroft focused on political risks that oil and gas companies active in Algeria, Libya and Morocco must contend with. During the forum, we asked the audience to complete a questionnaire to gauge opinion on key issues concerning the upstream sector in Egypt. Questions included views on oil prices, the exchange rate of the Egyptian pound, future levels of domestic gas production, the return of exports, Israeli gas exports and Egyptian gas yet to find volumes. This report includes a review of the survey results and how they compare with Wood Mackenzie's forecasts.

What's included

This report contains

  • Document

    Cairo Breakfast Briefing 2017 - the audiences view: oil price, gas exports and exploration

    PDF 289.51 KB

Table of contents

    • Oil price expected to stay within the US$50-60 range at year-end
    • Egypt's exchange rate to hold at between 15 and 20 Egyptian Pounds to the Dollar
    • Egypt's gas production is expected to rise sharply over the next two years
    • LNG exports could resume within two years
    • Egyptian LNG plants are seen as the most likely destination for Eastern Mediterranean gas
    • Egypt's exploration potential remains clear

Tables and charts

This report includes 6 images and tables including:


  • Question 1: What will the oil price be on 31 December 2017?
  • Question 2: What will the exchange rate of the US$ to EGP be on 31 December 2017?
  • Question 3: What will indigenous Egyptian gas production average in 2018?
  • Question 4: When will Egypt become a net gas exporter again (when will exports exceed imports)?
  • Question 5: Where will most Israeli gas exports (gas from phases 2 of Tamar and Leviathan go)?
  • Question 6: How much gas will Egypt discover over the next three years (2017-2019)?

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898