Egypt plans tender for gas imports

27 December 2012

Despite large reserves, North African state needs more gas for power production

Egypt is planning to issue a tender that will see the North African state import gas from its regional neighbours.

According to Egyptian oil minister Osama Kamal, talks have already taken place with Algeria and Qatar regarding importing gas for power generation in the country, and in November, Qatar also announced that it is working with Egyptian investment firm Citadel Capital to build a liquefied natural gas (LNG) storage facility, that would pave the way for the Gulf state to import gas into Egypt.

Traditionally, Egypt has been a net gas exporter. According to the UK’s BP, Egypt had gas reserves of more than 77 trillion cubic feet at the end of 2011 and produced 2.1 trillion cubic feet during the same period.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.