Friday, 21 April 2017

Seasonality takes centre stage in Egyptian gas market

Egypt is positioning itself as a prominent gas importer during the northern hemisphere summer while becoming a winter exporter. WoodMackenzie points out that “a pragmatic approach to pricing” by the Petroleum Ministry has secured over US$28 billion in new gas field investment since 2015, so “this could be just the start of Egypt's second gas boom.”

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