19 April 2024
The Gas Strategies Interview: Justin Dargin, Middle East energy expert
Publication date: 31 October 2014
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Following a long period of investment hibernation across North Africa, Egypt’s upstream has reawakened. A recent overhaul of the country’s fiscal regime and long-overdue reform of its power price subsidies have attracted the likes of BP, Total and Eni in a successful bidding round this year. But while Egypt’s reforms have attracted IOCs, the only way for it to retain them is by rebuilding the trust lost when it began to hold back LNG export volumes for domestic consumption. Gas Strategies talks to Middle East energy expert Justin Dargin, and asks what impact the 2014 reforms have had on Egypt's energy outlook.