Middle East Economic Survey

VOL. LI

No 7

18-February-2008

EGYPT

Egypts LNG Expansion Plan Hangs In The Balance

Oil and gas companies are working hard to boost gas output in Egypt, to justify building a new LNG train, with two significant discoveries announced in January. But local consumption is rising sharply, from 14,135mn tons in 1999-2000 to 27,000mn tons last year. This, together with slow progress by the Ministry of Petroleum on its promise to review the outdated gas pricing system that...