Middle East Economic Survey


No 47



BG Leaning Towards Egyptian Options For Developing Gaza Offshore Gas

Exposure to Henry Hub gas prices through its Egyptian LNG project at Idku in Egypt leaves BG leaning towards Egypt, rather than Israel, as the best option for monetizing its offshore Gaza Marine gas reserves, MEES learns. The lack of progress in four years of negotiations between BG, its partners and potential Israeli customers for the Gaza gas has been...