Middle East Economic Survey

VOL. XLVII

No 50

13-December-2004

EGYPT

Egypt Set To Export First LNG Cargo As National Gas Reserves Upgraded

Egypt marked a positive week for its gas sector with the upgrade of its national gas reserves estimate as it prepared to export its first cargo of LNG from the newly-completed $1.3bn Spanish-Egyptian Gas Company (SEGAS) plant at Damietta (MEES, 14 June). Egyptian Petroleum Minister Sameh Fahmy on 1 December raised Egypts estimate of its national gas reserves to...