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Egypt faces struggle in push for hub status

Egypt has struggled to find interested customers for its LNG cargoes, which could quell the impetus to boost production from its Idku and Damietta plants Egypt has struggled to find interested customers for its LNG cargoes, which could quell the impetus to boost production from its Idku and Damietta plants.
By James Gavin 28 November 2019 Middle East & Africa / Exploration & Production 0 34828
The 7.2-mtpa Egyptian LNG plant at Idku – the country’s only functioning LNG export facility. (BG Group)

The key issue: Egypt is due to start importing Israeli gas in January 2020, a development that will coincide with an increase in the country’s LNG production in a well-supplied market.

Interfax analysis: Egypt has made clear strides towards becoming a gas hub in the past couple of months, thanks mainly to progress on planned imports from Israel. But despite promising signs of rising LNG production, it still faces obstacles in reviving its gas export industry.

Imports of Israeli gas are due to start up by...