Egypt’s Economic Troubles Could Harm Its Booming Energy Industry ...Middle East

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Egypt’s Economic Troubles Could Harm Its Booming Energy Industry
source : OILPRICE ( Middle East ) () 65
Optimism about Egypt’s future as an energy hub is still going strong, as offshore East Med natural gas reserves are plentiful, and new discoveries are still being made. The growing cooperation between Egypt, Israel, Cyprus, and Greece, to monetize and integrate available reserves simultaneously has received a major boost from the fallout of the Russian invasion of Ukraine, and the still-existing concerns about energy security in Europe. Egypt’s LNG exports are suddenly in high demand and are expected to grow while demand in Europe continues…

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