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Gas Investors: Local Investment Drives Egypt Hub
The Gas Investors Association confirmed that Egypt has, since 2023, strong fundamentals to become an regional hub for trading and exchanging gas in the Eastern Mediterranean. This is thanks to reserves exceeding 200 trillion cubic feet, specialized companies, and two liquefaction plants with a combined capacity of up to two billion cubic feet per day. Dr. Mohamed Saad Eldin pointed out that the decline in production over recent years was linked to difficulties in providing foreign currency to settle partners’ dues. He emphasized that regular payments are essential for restoring investments. He called for intensified development and expansion of current fields, offering incentives to new investors, with the aim of increasing domestic production and achieving sustainable returns. Additionally, he stressed the need to inject more capital and gas into Egypt’s robust infrastructure.
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