Egypt boosts gas supplies to industries
Natural gas supplies to fertilizer and petrochemical plants in Egypt increased by 19% during August, reaching 810 million cubic feet per day instead of 680 million in July, thereby boosting production and exports. Egypt achieved this increase by boosting liquefied natural gas imports and converting four LNG shipments to the network. The gas price is linked to global urea prices, and gas accounts for 60-70% of the production costs of chemicals. Egyptian policy focuses on strengthening gas supplies to ensure price stability and enhance the competitiveness of national industries.
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