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President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal said that Egypt has transformed into a regional center for energy, particularly for the natural gas trade. Egypt has a big infrastructure that is not available in the neighbouring countries that have natural gas fields.
President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal said that Egypt has transformed into a regional center for energy, particularly for natural gas trade. Egypt has a big infrastructure that is not available in the neighbouring countries that have natural gas fields.
The neighbouring countries depend on the infrastructure owned by Egypt to liquidate the gas and export, especially in light of growing demands on gas triggered by the current developments, he added. Egypt has already exported big quantities of gas to Europe over the past period. He asserted that more exporting contracts will be signed within the coming period.
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Egypt’s production of natural gas in addition to its strategic position and huge infrastructure were basic elements in its transformation into a regional center for energy, he opined.
