Egypt is on the cusp of regaining its gas self-sufficiency as production ramps up from its mammoth Zohr field and other recent discoveries. This is a far cry from the Egypt of five years ago that halted piped gas and LNG exports and resorted to importing LNG when a sharp drop in production, coupled with soaring demand, led to a gas shortfall. For Egypt to avoid finding itself short of gas again, it needs to adhere to a two-pronged approach that will see it carry on looking for more gas while reining in artificial demand caused by subsidies.
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