Egypt Looks Beyond Current Storms To Gas-Fueled Upland

Depleted foreign reserves, $6bn owed to IOCs, 10-year low gas output, terrorist attacks. All weigh heavily on Egypt’s economic prospects. But a recent giant gas find together with improved terms that have spurred development of previously-discovered fields offer hope of a better future.

Delegates and speakers at the Intergas Conference in Cairo on 24 November were keen to highlight the country’s potential, but a recurring...