Cairo is reinforcing its position as the primary route for monetization of Eastern Mediterranean gas as the intended recipient of new production from Cyprus and Israel. Regional gas flows will help meet growing domestic demand and allow for surplus gas to be exported from Egypt’s underutilized LNG plants on the Mediterranean coast.
The option to direct gas from Cyprus and Israel to Egypt makes both economic and geographic sense. The North African country offers the fastest available commercial pathway to markets. It also has the infrastructure in place that can accommodate additional gas from the region. (CONTINUED - 881 WORDS)
