Middle East Unrest Clouds Future of $35B Israel-Egypt Gas Deal ...Middle East

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Middle East Unrest Clouds Future of $35B Israel-Egypt Gas Deal
source : OILPRICE ( Middle East ) () 138
Over the past couple of years, Egypt has seen its ambitions to become a regional natural gas supply and LNG export hub go up in flames, with a series of setbacks turning the country from a net exporter of the vital commodity to an importer. Egypt's natural gas production has declined rapidly over the years due to the natural depletion of mature fields, including the Zohr gas field. Coupled with a lack of significant new discoveries since 2015, surging domestic demand for electricity, and past financial issues such as hard currency shortages and…

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