As Egypt’s gas production began to fall away in 2012, the country’s gas-based chemicals producers – both petrochemical and fertilizers firms – were first in line for gas feedstock cuts. But now, with the gas beginning to flow again, companies are looking forward to good times.
While Egypt’s power plants are the largest user of locally produced gas, domestic electricity supplies – or blackouts – are a potentially greater political problem for government than lower chemicals output. So when gas supplies are under pressure, petchems and fertilizers firms are among the first to be squeezed. (CONTINUED - 636 WORDS)