Results for Category: Egypt

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In Egypt, Major Gas Discoveries a Welcome Boost for Ailing Economy

The gas discoveries, notably Zohr, are changing the country’s economic prospects. Egypt started to limit its orders for LNG shipments in 2017 and those planned for 2018. By early 2019, it hopes to break even, and in the years after it plans to become a net gas exporter again. However, The gas discoveries may solve Egypt’s immediate cash crisis, but it will take more to build a resilient economy.