Egypt's gas giant collapses: from a gas Eldorado to a country in blackout. The race for LNG competes with Europe. - Economic Scenarios

Egypt's gas giant collapses: from a gas Eldorado to a country in blackout. The race for LNG competes with Europe. - Economic Scenarios

Egypt continues to struggle to meet its gas demand and is seeking to increase its LNG purchases over the next three years than previously planned, sources familiar with the matter told Bloomberg . Egypt transitioned from a net LNG exporter to a net importer at the end of 2024, after importing its largest LNG cargoes in years last year, in an effort to ease pressure on its power grid and industry from power shortages that led to repeated blackout…