Boosting Natural Gas Exports: Egypt’s Economic Pain Killer
Despite the economic reforms implemented in 2016, Egypt is facing a hard time due to external pressures. The economy was hit by the Russia-Ukraine war even before recovering from the COVID-19 shock. The severe hike in global inflation has widened Egypt’s financing gap. The government is seeking to secure extra foreign exchange liquidity as soon as possible. Natural gas exports become on top of the government’s potential tools in light of its increasing global prices. However, can natural gas alone narrow the financing gap?
