EGYPT

Cairo Steps On The GasIn Bid To Ease Shortages

Egypt is looking to bridge its chronic gas shortfall with imports and block awards.

Egyptian Oil Minister Sharif Isma’il this week announced that an initial agreement had been made with Russian state firm Gazprom to supply seven LNG shipments annually over the next five years. This equates to 525mn m³/year, or 51mn cfd of gas, just over 1% of Egypt’s domestic output, presuming a typical 125,000 m³ cargo size. A...