Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Cairo is attracting international investment with improved contract terms after years of inertia, but with summer fast approaching, falling output and rising demand mean the road to recovery is still a long one.
In its latest Medium Term Gas Market Report, the International Energy Agency (IEA) says despite the fact that gas production in Egypt is “mired in difficulties…early signs of stabilization have emerged as the government is taking steps to revive investors’ confidence in the country’s upstream sector.”
The IEA says it expects production to rise at an average annual rate of 1.2% until 2020 “due to a projected, gradual improvement of the country’s investment climate.”
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE