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One of the most pressing crises facing the Egyptian economy has been the severe shortage of natural gas.Natural gas is one of the most important inputs in Egypt's power generation infrastructure. According to the International Energy Agency, in 2013 natural gas accounted for 51.5 percent of the total primary energy supplied in Egypt and produced 76.8 percent of the electricity generated. According to the 2015 BP Statistical Review of World Energy, domestic production of natural gas peaked at 6.06 billion cubic feet of gas per day in 2009, when consumption averaged only 4.11 bcf per day.By the end of May 2015, media reports indicated that EGAS had stopped pumping natural gas to 60 percent of Egypt's heavy consumption factories, and gas production stood at 4.35 bcf per day.Natural gas supply prospects going forward appear somewhat grim for the business community as well – the supply-demand deficit is estimated at 0.7 bcf per day presently and is expected to rise to 1.77 bcf per day in the 2017-18 fiscal year, and natural production from actively producing fields is declining by 1.2 bcf per day each year. However, an international arbitration decision related to Egypt's 2012 decision to shut off gas exports to Israel could result in Egypt paying $1.76 billion to Israel Electric and could delay the delivery of natural gas from the Leviathan field to Egypt.
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