A decade ago, Egypt was an important LNG and piped gasrnexporter. Now it appears to be on the cusp of returning torngas self-sufficiency and re-emerging as an LNG producer.rnEgypt lost is status as a gas exporter because energyrnsubsidies fueled domestic gas consumption to such anrnextent that the government was forced to curtail exports.rnAt the same time, insufficiently attractive terms forrnupstream investment contributed to a lack of new gasrndiscoveries that saw the level of both production andrnproven reserves decline.
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