Directional impact on forecast:
Bullish on LNG prices
Egypt is poised to become the biggest LNG importer in the Middle East and Africa (MEA) region in 2016, and the country expects its dependence on the fuel to increase even further next year. Egypt launched a medium-term LNG tender in October for the 2017-2018 fiscal year that has been reported to be the biggest of its kind. However, the country occasionally exports LNG from its 7.2 mtpa Idku plant, which seems to contradict its import strategy.
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