Egypt: Gas export economics pose challenge


Issue 415 - 15 May 2020
The collapse of a deal under which the Segas liquefaction plant at Damietta would have restarted LNG exports in June is mostly due to the negative effect of the coronavirus pandemic. However, it highlights the difficult economics behind Cairo’s ambitions to revitalise its gas export business and eventually to turn itself into a regional energy trading hub. The plant stopped working in 2012 because Egypt did not have enough gas to supply it. Now there is almost certainly enough excess capacity but under current and possibly future market conditions the business does not add up.

Want to read more?

Medium article

£9

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Africa Investment Exchange: Power & Renewables

16-17 November 2022, RSA House, London

Enabling power project development in Africa

First held at RSA House in 2014, AIX: Power & Renewables has become one of the meeting places of choice for Africa’s power sector stakeholders, including leading private and public sector investors, African officials and project developers.

Produced by African Energy, the meeting is held under the Chatham House Rule and structured around interactive panel-led sessions to encourage an open debate.

More than 45 panellists have so far confirmed

See the latest agenda here.

There is a 10% discount on tickets that ends on 28 October.

African Energy subscribers and AIX members receive a 35% discount on tickets

For bookings contact Ricky Purnell

Sponsored by