Egypt’s Gas Output Near Six-Year Low as It Shifts to Importer
- Former gas exporter no longer able to keep power system afloat
- Domestic resources have diminished since export boom in 2022
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Egypt’s natural gas production has dropped to the lowest in more than six years just as a scorching summer boosts demand for the fuel.
The North African nation’s output in May was near the weakest since February 2018, according to figures from the Joint Organisations Data Initiative. The decline is a sign that Egypt will struggle to replicate the gas export boom it saw two years ago, and is likely to become more reliant on imports of liquefied natural gas.