Egypt's Petroleum Future: Adding value to natural gas, developing deepwater prospects are key goals

摘要

Egypt began the ascent to its position as a leading global energy player by leveraging its strategic location. Building the Suez Mediterranean (Sumed) pipeline to augment the Suez Canal, the country put together a critical transportation infrastructure that linked large oil reserves to world markets. It was an auspicious beginning. But it was only the first step towards optimizing the value of Egypt's own petroleum resources. Next, a long-term strategy was developed to accelerate reserves and production growth, and to expand the capabilities of Egyptian companies . to drive drat growth well into the future. An important goal of that strategy is to realize the full potential of Egypt's natural gas resource, much of which lies in the deep water of the Mediterranean. In addition, a master plan will help wring the most value from that resource by expanding petrochemical, liquefied petroleum gas (LPG) and liquefied natural gas (LNG) capacity to serve domestic demand and capitalize on export markets.