Egypt Struggles With Gas Supply Challenge
Egypt looks set to become a net gas importer as early as next year – if supplies can be found at prices the country is willing and able to pay. Project delays and low domestic gas prices have stymied attempts to boost domestic production from deepwater deposits.
Egypt’s gas production has edged lower for each of the past three years since peaking at 62.7bcm in 2009. Production of 60.6bcm for 2012...