Middle East Economic Survey

VOL. LIII

No 49

6-Dec-2010

EGYPT/EAST MEDITERRANEAN

Egypts Gas Exports Unchanged In 2010

Egypts gas exports this year will be unchanged from 2009, as the low prices do not encourage further sales, Egyptian Minister of Petroleum Sameh Fahmy told reporters on 1 December. In addition to low prices, rising local demand had pushed the government in 2008 to block any new gas export contracts until the end of 2010 (MEES, 16 June 2008). But the Egyptian government looks...