Egypt gas imports to end following production increases
Issue 359 - 07 Dec 2017
Egypt is entering a new phase of gas production which could see it achieving self-sufficiency in approximately 12 months and even resuming exports – a prospect that some earlier forecasts suggested might only be achievable in 2021. The driver behind this change in fortunes is a massive investment drive by international oil companies (IOCs) incentivised by more attractive commercial terms, the high prospectivity of offshore Nile Delta territories, and the Ministry of Petroleum’s willingness to fast-track the development of major discoveries.
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