Cairo is expected to become a net gas exporter by the end of 2019 and the country has seen widespread interest in its natural gas potential.
Egypt's goal to be a net gas exporter by the end of this year will strengthen it politically, Egypt's petroleum minister said Saturday, stressing the opportunities for growth that would come from the recently-launched Eastern Mediterranean Gas Forum.
The minister was speaking in response to a question about many Middle Eastern countries' reliance on their wealthier Gulf patrons like Saudi Arabia — and the fact that economic support from the Gulf also often means forfeiting independence in the foreign policy arena. "When I talk about the Eastern Mediterranean Gas Forum, and we talk about the hub, I say that we will together be the hub," the minister stressed."Egypt will not ever be able to be the hub, no, it will be the hub together with its neighboring countries, allies, partners … we are complementing each other in this field."
Hit by revolution and terrorist attacks from 2011 onward, Egypt ceased exporting its gas for several years, but has now made a comeback, becoming a key player in what many energy experts have called the"Eastern Mediterranean gas gold rush."
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