Cairo Scrambles To Avert Gas Catastrophe
Egypt’s Petroleum Ministry is accelerating efforts to import a targeted 7mn t/yr of LNG to avert a looming gas shortage. Significant obstacles still need to be overcome, but MEES understands Shell and Egyptian firm Citadel Capital have emerged as the preferred partners to lead, what would be, if realized, the world’s biggest floating LNG import project.
Both volume requirements and the targeted...