Egypt LNG: An Evolving Industry
Ibrahim Ahmed Ibrahim1
(1) Egyptian Natural Gas Holding Company, Cairo, Egypt
The paper will present the gas potential in Egypt and discuss the key drivers which contributing in boosting the LNG industry in Egypt.
This includes gas reserves compared to other LNG producers , review of the growing gas market in the Mediterranean region and Europe in the next decade , distance advantage of LNG from Egypt to the potential gas markets, and low shipping cost along with availability of several existing and planned re gasification terminals in the Mediterranean . In addition to recent development in the LNG plant size & technology which reflects favourably in the unit liquation cost and competitiveness of LNG price against pipe gas and finally availability of well experienced gas industry in Egypt
The paper will also provide update of the current LNG projects in Egypt. These include Union Fenosa LNG project and Idku LNG project. It will also highlight the benefit of these projects for the region and strategic importance to the Egyptian economy.