Stratfor: In Egypt, Reforms Seek to Revive the Natural Gas Sector

Egyptian President Abdel Fattah al-Sisi is making strides in reforming Egypt's natural gas sector. Earlier this month, the Hoegh Gallant, a floating storage and regasification unit, arrived at the Gulf of Suez port city of Ain Sokhna. Egypt has attempted to lease such a facility for several years, and with the aid of multilateral institutions and Gulf countries, it finally finalized a deal for the unit in November 2014.

Egypt has struggled to maintain its natural gas production levels, while domestic energy consumption has risen by more than 50 percent over the last decade. Energy subsidies have only accelerated domestic consumption, which for natural gas now totals more than 50 billion cubic meters per year. 

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