Full steam ahead for Egypt
An expanded role for private investment in Egypt's natural gas sector will catalyse the country's drive to become a regional energy hub
A casual reader of Egypt's Official Gazette mightn't find much in the way of excitement in Law 196 of 2017. But for anyone interested in the country's burgeoning natural gas sector it's hugely important. In effect, Egypt is taking a giant step towards becoming the region's natural gas hub and putting itself beyond the reach of potential competitors like Cyprus and Turkey. The new law allows private sector firms to use the state import and distribution infrastructure to trade in natural gas. Section 3 of the regulations states clearly that one of the main aims is to "attract and promote investment in gas market activities, and encourage a climate of competition in order to establish a competi
Also in this section
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
22 March 2024
And the outlook for the country’s upstream appears to have improved following legal setbacks in 2023