Egypt, "A major energy supplier to Europe"
Egypt is the 12th biggest exporter of Liquified natural gas. According to the Egypt import export data reports, around 8.9 billion cubic metres of LNG exports took place from Egypt during the financial year 2022. As compared to the previous year exports, there was steady growth in Egypt's LNG exports. Whereas, in FY 2019, around 4.7 bcm of LNG exports took place. The lowest volume for Egypt’s LNG exports was recorded in FY 2018, 2 bcm. Turkey is the leading importer of natural gas from Egypt with over 22% share. Egypt export data shows that around 2.2 bcm of liquified natural gas were imported by Turkey from Egypt. European countries were among the top markets for Egypt’s LNG exports. Spain and France were the top LNG importers from Turkey. Spain and France were reported for over 1.4 bcm of LNG imports from Egypt during FY 2022. Italy was responsible for over 0.5 bcm of LNG imports from Egypt. Whereas, other European countries were responsible for over 1.2 bcm during last year