21 Hrs
Source:
عربية – DW
Regional conflicts reshape the gas map
Egypt has shifted its strategy in the gas sector in recent years, now aiming to process, liquefy, and export natural gas, leveraging its vital ports such as Damietta and Idku. In the eastern Mediterranean region, competition over the area's gas resources has shifted to those who possess the necessary infrastructure to facilitate the marketing and sale of gas, including liquefaction facilities, pipelines, and storage. The focus has moved from merely owning reserves to controlling access routes to markets. Egypt and Turkey are competing to become regional hubs for gas trade; Turkey has invested in developing its reserves in the Black Sea, while Egypt is concentrating on enhancing its export capabilities through facilities and routes such as the Suez Canal. This shift occurs amidst increasing reliance on secure transit routes for oil and gas transportation due to regional conflicts.
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