Egypt LNG restart optimism no substitute for gas strategy
The high-profile restart of the Damietta facility has ramped up rhetoric and expectations. But it may not be as simple as that
Egyptian authorities have hailed the first cargoes from the 7.56bn m³/yr (5.3mn t/yr) Damietta plant, after almost nine years of inactivity, as a boost to the country’s profile as an LNG exporter and to its role as a potential regional hub in the East Mediterranean. But, beyond the short-term monetary benefit of LNG exports, the impact of the global pandemic on wider LNG prices and on Egypt’s finances highlights the need for a sustainable and long-term policy that integrates the country’s gas sector priorities. That must include the role and price of gas in the domestic market and economy and the need to incentivise upstream activities, as well as the benefits of LNG as a revenue source and

Also in this section
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU