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Egypt Importing Gas for First Time as Exports Disappear
Egypt, a natural-gas exporter to markets from China to Chile, is set to become an importer for the first time just as the new government needs energy shipments to revive an economy weakened by civil unrest.
Gas producers including BG Group Plc have curbed local production even as demand from electricity plants jumped. That’s prompted the government that took power after Hosni Mubarak was ousted to plan a liquefied natural gas import terminal as soon as May. Royal Dutch Shell Plc, the world’s biggest provider of LNG, has begun studying how to supply Egypt.
http://www.bloomberg.com/news/2012-12-11/egypt-importing-gas-for-first-time-as-exports-disappear.html
Gas producers including BG Group Plc have curbed local production even as demand from electricity plants jumped. That’s prompted the government that took power after Hosni Mubarak was ousted to plan a liquefied natural gas import terminal as soon as May. Royal Dutch Shell Plc, the world’s biggest provider of LNG, has begun studying how to supply Egypt.
http://www.bloomberg.com/news/2012-12-11/egypt-importing-gas-for-first-time-as-exports-disappear.html
