Middle East Economic Survey

VOL. LIII

No 40

4-Oct-2010

EGYPT

Egypt Set To Extend Moratorium On New Gas Exports

The Egyptian government looks set to extend a two-year moratorium on new gas export deals in order to meet escalating domestic demand, a move that is sure to dissatisfy a number of international firms. In its aim to diversify away from Russian suppliers, Europe has recently turned its focus towards alternative producers, including Egypt. However, Egypts ambition to strengthen its...