How Egypt’s Natural Gas Reserves Contribute to the Global Energy Market ...Egypt

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How Egypt’s Natural Gas Reserves Contribute to the Global Energy Market
Egypt, with its abundant natural gas reserves and its strategic location bridging Africa and the Middle East, plays a strong role in the global natural gas and energy sector, especially as one of the top 20 natural gas-producing countries. The annual production rate of natural gas, recorded at approximately 1.75 million cubic feet (MMcf) in 2015, underscores Egypt’s strong capacity. As of 2017, the country boasted 77 trillion cubic feet (Tcf) of natural gas reserves, making it the 16th largest holder of such reserves globally. These reserves represent about 1 percent of the world’s total.  Egypt’s ample wealth of natural gas ensures long-term energy security, especially as it provides more t

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