Can Booming LNG Exports Rescue Egypt’s Economy? ...Middle East

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Can Booming LNG Exports Rescue Egypt’s Economy?
source : OILPRICE ( Middle East ) () 28
Egypt’s financial future and stability could be in jeopardy if the country fails to secure a loan from the International Monetary Fund (IMF) very soon.  At present, Cairo’s financial reserves are being depleted very rapidly, even while the country’s oil and gas sector is booming as a result of high oil and natural gas prices. Europe’s energy crisis, the continuation of the Russian invasion of Ukraine, and global shortages of natural gas and other energy commodities have pushed hydrocarbon revenues in Egypt to record…

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