Egypt’s latest moves to secure long-term LNG import deals provide further evidence that Cairo sees domestic gas output remaining at low levels for the foreseeable future. Desperate for gas to stave off blackouts amid an expected temporary drop in volumes from Israel, Egypt this week reduced gas supplies to industry as part of a precarious balancing act (MEES, 23 May).
Egypt’s decision to secure four Floating Storage and Regasification Units (FSRUs) for use this summer took many observers by surprise (MEES, 16 May). This followed a flurry of reports that Egypt is in talks with Arab states to supply its LNG requirements, both long and short term. (CONTINUED - 742 WORDS)
