Egypt Petroleum Show (EGYPS)
09 Feb 2021, New Cairo Exhibition Centre
Open to: Register Interest
The Egypt Petroleum Show is North Africa and the Mediterranean’s most important oil and gas exhibition and conference held under the patronage of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt, where oil and gas professionals convene to engage in dialogue, create partnerships, do business and identify solutions and strategies that will reshape the global energy markets. EGYPS 2021 will take place from 9-11 February in Cairo at the Egypt International Exhibition Center with an expanded exhibition space attracting 35,000 attendees from local & international businesses to identify opportunities from Egypt, North Africa and the Mediterranean’s future project requirements, strategic priorities and gain insights into the wider oil and gas sector. The event is a key platform in the energy calendar bringing together government representatives, Global CEOs, NOCs, IOCs, International Service Providers, EPCs, consultants and financiers to address the evolving opportunities in global energy markets.
In recent years Egypt has made significant strides towards becoming a nation with a well-developed and diverse energy sector with the potential to become a net exporter of energy once again. The energy sector is an important driver of Egypt’s socio-economic development and accounted for around 13% of GDP in 2017. The country is developing into a regional energy hub which presents vast opportunities across multiple sectors. The vast availability of natural resources and a strategic geographical location should enable it to become a key MENA player across the oil and gas, power and renewable sectors.
As of April 2020, Egypt holds the rank for the largest non-OPEC oil producer in Africa and third largest of dry natural gas. Egypt also plays a vital role in international energy markets through its operation of the Suez Canal and the Suez-Mediterranean (SUMED) Pipeline. In 2019, foreign investment into the country reached a total of $9 billion with circa $6 billion of the $9 billion coming from the oil and gas sector, marking a reversal of the trend of a few years ago, when foreign investors shied away from the country following the 2011 revolution. EIC DataStream currently tracks close to 50 projects in the oil and gas industry with a combined CAPEX worth more than $ 48 billion. Despite important oil and gas field development upstream, the vast majority of these opportunities are downstream in the petrochemical industry.
Electricity consumption in Egypt is increasing faster than capacity expansion, and the country is currently witnessing a substantial power crisis. Egypt’s installed power generation capacity was around 55.2 GW by the end of 2018 and electricity generation was 196Twh. Only about 60–70% of capacity was operating, mainly due to the country’s inability to import raw materials necessary to produce power. Egypt had originally outlined plans to install 30 GW of additional capacity between 2010 and 2020, of which about 25 GW have been completed by 2019. EIC DataStream currently tracks more than $ 70 billion of opportunities in the power sectors, across all technologies from nuclear, conventional to coal and with a substantial of growth of the renewable solar and wind projects.
Going forward Egypt presents numerous opportunities for the entire supply chain across multiple sectors, as the country seeks greater foreign investment by reducing entry restrictions and increasing the ease of doing business.