Middle East Economic Survey

VOL. LI

No 21

26-May-2008

EGYPT

Revised LNG Sales Contracts Will Bring Egypt $15bn In Extra Revenue

Egypts Ministry of Petroleum is renegotiating the LNG prices paid by France and Spain, two of its main customer, as part of an effort to maximize revenues from one of its most valuable natural resources. These efforts coincide with a debate in the Egyptian parliament about whether the countrys best interests are served by raising gas exports, given the surge in local...