EGYPT

Egypt Makes Good On Gas Price Flexibility Pledge

Egypt is tackling its energy shortfall by raising the gas price at a number of projects that are uneconomic under the parsimonious terms that govern natural gas production.

The pragmatic approach is set to boost output while stopping short of a wholesale revision of the gas price, ensuring that incremental supply comes at minimal cost. But it could see producers negotiate several deals for a single concession, and leave them uncertain...