Shell Plc is expecting a shortfall of 491Billion standard cubic feet of gas from what it planned to produce in Egypt between 2023 and 2025.
This is 85% of the company’s promised gas delivery to Egypt’s National Gas Grid for the period.
The shortfall is mainly caused by the performance of the West Delta Deep Marine fields being insufficient to meet the committed quantities to ELNG, the facility that ships natural gas from Egypt to Europe.
Egypt has been keen on increased gas output, both to satiate its domestic appetite and to supply Europe’s needs. Shell, it seems with these figures, wouldn’t be able to help much with that.
If the government diverts more gas to the domestic market, this would increase the shortfall to ELNG.