Egypt Looks To LNG Deals To Ease Gas Shortage

Egypt’s gas output fell to a nine-year low of 4.7bn cfd in 2014, with 4.6bn cfd for December. Long-term, Cairo is looking to reverse the decline by spurring deepwater exploration with improved terms but in the meantime it is looking to the country’s first ever LNG imports to make up the shortfall – despite a halt to both LNG and pipeline exports over the past two years, supplies remain below domestic demand.

It has...