Related Articles
Forward article link
Share PDF with colleagues

Egypt looks to LNG quick fix

Off-take agreements complicate Egyptian option

Advocates of Egyptian solutions for monetising Cypriot and Israeli gas discoveries lean on two planks — large domestic demand and two LNG plants that have already been constructed and thus offer a 'cheap' export solution. But there are a number of problems with both of these arguments. Egypt will need additional supplies the equivalent of a Zohr field every two-to-three years to satisfy its growing demand for power, according to Ryan Pereira, global director, gas and LNG at consultancy Gaffney Cline. However, finding a country comparable to Egypt that has experienced that level of exponential demand growth is not easy. It remains an uncomfortable truth for the "pipe-it-to-Egypt" supporters

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP’s Angolan JV could provide future template
3 August 2021
The major’s pooling of non-core resources with Italy’s Eni may be a model moving forward
Book review: Leftist history of the UK oil industry offers wider appeal
3 August 2021
It is easy to identify the sympathies of the authors. But that does not diminish the vivacity of the tale they have to tell
Letter from China: Covid resurgence compounds economic concerns
3 August 2021
China’s economy faces headwinds that go beyond than the arrival of the Delta variant
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video