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Egypt to be build LNG terminal by May 2013
- Egypt: Wednesday, December 12 - 2012 at 03:53
Egypt, a natural-gas exporter to markets from China to Chile, is set to become an importer for the first time just as the new government needs energy shipments to revive an economy weakened by civil unrest, Bloomberg has reported. Gas producers including BG Group have curbed local production even as demand from electricity plants jumped, prompting the government to plan a liquefied natural gas import terminal as soon as May. Royal Dutch Shell, the world's biggest provider of LNG, has begun studying how to supply Egypt. "We are in discussions with many countries in emerging markets about LNG imports at the moment and Egypt is on the list," Shell chief financial officer Simon Henry said last month. "Egypt's economy clearly is growing in terms of its demand for energy, and gas is the first fuel."
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