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You are here: Home»Markets»Energy»Middle East & Africa»Egypt to import gas from Algeria, in talks with Qatar

gas-pipleline CAIRO: Egypt, a gas producer and exporter, has agreed to import Algerian gas but is still discussing amounts, the prime minister said on Wednesday, a move that might be aimed at helping Egypt meet its own export contracts while domestic demand rises.

 

Prime Minister Hisham Kandil, who recently returned from a trip to Algeria, told reporters that Egypt was also in talks to import gas from Qatar.

 

Egypt has two LNG plants and a pipeline to export gas, but energy industry sources say the government has been diverting some gas contracted for export to the domestic market, which suffered fuel shortages and electricity cuts in the summer.

 

Copyright Reuters, 2012


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln