{"id":28278,"date":"2018-08-20T08:23:39","date_gmt":"2018-08-20T08:23:39","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/"},"modified":"2020-08-11T11:33:48","modified_gmt":"2020-08-11T09:33:48","slug":"egypt-seeks-gas-self-sufficiency-in-2019","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/","title":{"rendered":"Egypt seeks gas self-sufficiency in 2019"},"content":"\nThe combination of increasing demand, decreasing production and high subsidies of fuel has made Egypt an energy-starving nation. In the meantime, Cyprus has been eager to secure alternative ways to exploit its offshore reserves. Conditions are then reunited for a strategic win-win collaboration between the two Mediterranean nations. \nThat led the Cyprus Energy Minister Georgios Lakkotrypis and Egypt\u2019s Minister of Petroleum and Mineral Resources to sign a series of legal arrangements which will further support the delivery of Cypriot natural gas through a pipeline to Egypt where it will be used either for domestic consumption or re-export, mainly to African and European neighbours. Both parties said the aim was to get the pipeline operational somewhere between 2020 and 2022. \nTarek El Molla said on a press conference held on May 2018 that the planned pipeline connecting Cypriot Aphrodite gas field to Egypt\u2019s LNG facilities will between 14 billion and 18 billion Egyptian pounds ($800 million and $1 billion). He also affirmed that Egypt hopes to halt gas imports by 2019 after achieving self-sufficiency.\nTake profit of the US new economic sanctions on Iran\nThe Egyptian government is willing to capitalise on its strategic location straddling the Suez Canal and the land bridge between Africa and the Middle-East as well as its developing infrastructure to turn Egypt into a trading and distribution hub for the region, knowing that the US reactivated its economic sanctions on Iran, one of the world\u2019s Gas giants. The country is targeting $10 billion in foreign investment in the hydrocarbon sector in the current fiscal year. \nThe success and the popularity of Al-Sisi\u2019s new government will partly depend on how well he tackles the situation of energy shortage. Frequent blackouts and fuel shortage were indeed two of the many reasons protesters marched against Mohamed Morsi, Al Sisi\u2019s predecessor.\nTo see more, discover our latest videos on the Egyptian economy :&nbsp;\n\n\n\n\n","author":42,"featured_media":0,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5752,5764,5761,5763,5766,5751,5756,5755,5753,5767,5750,5759,5762],"location":[5600],"class_list":["post-28278","news","type-news","status-publish","hentry","tag-business","tag-business-support","tag-communities","tag-decision-makers","tag-direct-broadcasting","tag-economic-analysis","tag-economy","tag-employment","tag-employment-training","tag-entrepriseslife","tag-expert-opinion","tag-news","tag-politics","tag-trending","location-egypt"],"short_url":"","have_related_news":"done","chapo":"The country of Pharaohs regularly suffers from blackouts du the worst energy crisis in decades. Rising population, intense heat and terror attacks on infrastructure made the unsatisfied demand rise at 20%. To ensure its energy future, Egypt signed a deal with Cyprus in 2016 to build a submarine pipeline to import natural gas from the Mediterranean island.","media":null,"media-news-header":null,"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Egypt seeks gas self-sufficiency in 2019 - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"The combination of increasing demand, decreasing production and high subsidies of fuel has made Egypt an energy-starving nation. In the meantime, Cyprus\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt seeks gas self-sufficiency in 2019 - Ecomnews Med\" \/>\n<meta property=\"og:description\" content=\"The combination of increasing demand, decreasing production and high subsidies of fuel has made Egypt an energy-starving nation. In the meantime, Cyprus\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Med\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-11T09:33:48+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/08\\\/20\\\/egypt-seeks-gas-self-sufficiency-in-2019\\\/\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/08\\\/20\\\/egypt-seeks-gas-self-sufficiency-in-2019\\\/\",\"name\":\"Egypt seeks gas self-sufficiency in 2019 - Ecomnews Med\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#website\"},\"datePublished\":\"2018-08-20T08:23:39+00:00\",\"dateModified\":\"2020-08-11T09:33:48+00:00\",\"description\":\"The combination of increasing demand, decreasing production and high subsidies of fuel has made Egypt an energy-starving nation. In the meantime, Cyprus\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/08\\\/20\\\/egypt-seeks-gas-self-sufficiency-in-2019\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/08\\\/20\\\/egypt-seeks-gas-self-sufficiency-in-2019\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/08\\\/20\\\/egypt-seeks-gas-self-sufficiency-in-2019\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Egypt seeks gas self-sufficiency in 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/\",\"name\":\"Ecomnews Med\",\"description\":\"Semua informasi ekonomis dalam waktu singkat.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#organization\",\"name\":\"Ecomnewsmed\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/08\\\/ecomewsMedLogoMid.png\",\"contentUrl\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/08\\\/ecomewsMedLogoMid.png\",\"width\":250,\"height\":250,\"caption\":\"Ecomnewsmed\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Egypt seeks gas self-sufficiency in 2019 - Ecomnews Med","description":"The combination of increasing demand, decreasing production and high subsidies of fuel has made Egypt an energy-starving nation. In the meantime, Cyprus","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/","og_locale":"en_US","og_type":"article","og_title":"Egypt seeks gas self-sufficiency in 2019 - Ecomnews Med","og_description":"The combination of increasing demand, decreasing production and high subsidies of fuel has made Egypt an energy-starving nation. In the meantime, Cyprus","og_url":"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/","og_site_name":"Ecomnews Med","article_modified_time":"2020-08-11T09:33:48+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/","url":"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/","name":"Egypt seeks gas self-sufficiency in 2019 - Ecomnews Med","isPartOf":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#website"},"datePublished":"2018-08-20T08:23:39+00:00","dateModified":"2020-08-11T09:33:48+00:00","description":"The combination of increasing demand, decreasing production and high subsidies of fuel has made Egypt an energy-starving nation. In the meantime, Cyprus","breadcrumb":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/08\/20\/egypt-seeks-gas-self-sufficiency-in-2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.ecomnewsmed.com\/en\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/www.ecomnewsmed.com\/en\/news\/"},{"@type":"ListItem","position":3,"name":"Egypt seeks gas self-sufficiency in 2019"}]},{"@type":"WebSite","@id":"https:\/\/www.ecomnewsmed.com\/en\/#website","url":"https:\/\/www.ecomnewsmed.com\/en\/","name":"Ecomnews Med","description":"Semua informasi ekonomis dalam waktu singkat.","publisher":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ecomnewsmed.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ecomnewsmed.com\/en\/#organization","name":"Ecomnewsmed","url":"https:\/\/www.ecomnewsmed.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ecomnewsmed.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/ecomewsMedLogoMid.png","contentUrl":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/ecomewsMedLogoMid.png","width":250,"height":250,"caption":"Ecomnewsmed"},"image":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/news\/28278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/comments?post=28278"}],"wp:attachment":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/media?parent=28278"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/tags?post=28278"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/location?post=28278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}