Egypt makes the most of its gas opportunities

Ford, Neil
December 2003
Middle East;Dec2003, Issue 340, p38
A string of gas discoveries and the development of the Idku LNG facilities are enabling Egypt to compensate for declining oil revenues. Situated within reach of Europe, Africa and the Middle East, Egypt can pipe its gas to a variety of very different markets, while the development of an LNG sector brings export markets further afield within reach. With the European Union (EU) gradually introducing a free market for gas, opportunities to the north west are increasing. In particular, tough EU environmental standards are forcing the applicant countries of Central and Eastern Europe to consider switching more of their generating capacity towards gas fired plants and away from oil and coal.


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