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Egypt’s Natural Gas Exports Surge

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Egypt exported some 8 million tons of liquefied natural gas last year, worth $8 to $8.5 billion, the country’s mineral resources ministry said this week, noting the price rally in liquefied natural gas that helped drive revenues higher. The North African country has solid ambitions in natural gas development, planning to become one of the biggest players in the region. The ambition took shape after the 2015 discovery of the giant Zohr field by Italy’s Eni. Zohr has reserves estimated at 850 billion cubic meters of gas. To that end,…

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