Sunday, 12th November 2017
The usage of Floating Storage Regasification Units (FSRUs) has been an asset for Egypt’s natural gas imports since 2015, when the country downgraded its position as a natural gas exporter to a net importer. Recent discoveries, however, forecast an output boom that will enable Egypt to entirely cover its domestic demand with local supply by late 2018. The expected rupture with natural gas imports and the prospects of regaining its position as an exporter led the natural gas industry to rethink FSRUs’ usage, looking at it as an essential tool to help Egypt become a regional energy hub.
Sunday, 5th November 2017
As Egypt’s famous mega gas field Zohr nears its official production date, many speculations revolve around how soon it will begin to impact the local market behavior, and more importantly, the national import bill.