Middle East Economic Survey

VOL. L

No 13

26-Mar-2007

Egypt Shows Flexibility On Gas Pricing In Pursuit Of Fast-Track Development

The recent breakthrough in negotiations over the price Egypt pays BP and its partners for natural gas is evidence that the government is prepared to adopt a more flexible approach in order to fast-track gas development and maximize production in the short term. But the decision to increase the transfer price to BP will not be applied to other producers unless they can...