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Country Risk

Egypt Eyes Gas Riches as Economy Struggles

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Egypt looks set to play a pivotal role as a supplier of gas and renewables to Europe with its prolific geology, infrastructure and geographic position. But its economy remains fragile and vulnerable to external shocks. It is still unclear how much gas Europe can expect to come from this emerging East Mediterranean gas hub and how stable a supplier Cairo will prove to be in replacing Russian volumes. With another IMF lifeline pending and swift Gulf Arab support earlier this year the economy has survived amid a sudden outflow of foreign investors in March, yet structural problems persist.

Topics:
Gas Supply, LNG Supply, Carbon Capture (CCS), Hydrogen, Macroeconomics
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