Egypt is looking to secure gas imports to stave off a supply crunch over the summer months, according to Petroleum Minister Sharif Isma’il, as a shortage is already causing power cuts and reduced industrial output.
But the minister’s claim that a deal for an import terminal has been reached, as reported by the local press, has been denied by the company in contention for the project, casting doubts over the government’s ability to guarantee sufficient supplies. (CONTINUED - 1023 WORDS)
