Political Turmoil Throws Egypt LNG Import Plans Into Disarray
Political upheaval and bureaucratic inaction have stymied Cairo’s ambitious plans to fast-track import of LNG to address looming summer power cuts. Award of the tender has now been moved back to around October, MEES understands, and both volumes and contract structure are being reviewed.
The delay pre-dates the 3 July overthrow of Egyptian President, Muhammad Mursi’s government,...