Egypt’s gas ‘surplus’ (output versus consumption) shrunk to just 367mn cfd for May according to freshly released Jodi data. This has left Cairo increasingly dependent on imports of Israeli gas to maintain LNG exports – a key source of revenue for the cash-strapped economy (MEES, 15 July)
Imports from Israel were just shy of 700mn cfd for May, for an average of 714mn cfd since volumes began flowing to Egypt by a second route – the Arab Gas Pipeline via Jordan – in March (see chart 1 and MEES, 4 March). (CONTINUED - 574 WORDS)
