Egypt’s growing reliance on LNG imports to meet domestic gas demand leaves it particularly vulnerable to rising global prices this winter. With Europe and Asia competing for limited supplies to replace curtailed Qatari LNG volumes, Egypt and other financially constrained importers are being squeezed out.
Global LNG prices have been climbing steadily higher, with Asian spot prices rising from around $10/mn Btu at the start of the year to more than $30/mn Btu for December delivery. (CONTINUED - 1026 WORDS)
