Forbes: Egypt Aims for LNG Import Independence by 2020

Establishing high hopes for Egypt’s domestic energy sector, Oil Minister Sherif Ismail announced that the country intended to be free of LNG imports by no later than 2020 with the help of local field development.

The announcement comes as Egypt continues to grapple with a daunting energy landscape that has been especially challenging since the collapse of the long-standing government of Hosni Mubarak in 2011. Since then, the one-time natural gas exporter has struggled to meet growing domestic demand at a time when foreign investment was growing more cautious. Coupled with security issues in the eastern Sinai region, the energy challenges erased Egypt’s role as natural gas exporter and left Cairo searching for new, sustainable options.

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