Egypt to reduce natural gas exports to avoid energy crisis
- Egypt: Thursday, May 30 - 2013 at 00:56
The Egyptian General Petroleum Co (EGPC) has said the country will cut exports of natural gas and tell major industries to slow output this summer to avoid an energy crisis and stave off political unrest, Reuters has reported. Egypt is counting on top liquid natural gas (LNG) exporter Qatar to obtain additional gas volumes in summer, while encouraging factories to plan their annual maintenance for those months of peak demand, said EGPC chairman, Tarek El Barkatawy. Egypt produces its own energy, but became a net oil importer in 2008 and is rapidly becoming a net importer of natural gas.
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