Egypt hopes to reach gas market balance in 2018, to export by 2020
2/16/2017
CAIRO (Reuters) -- Egypt hopes its gas market will be balanced in 2018 and expects to begin exporting gas by 2020, EGAS chief Mohamed Al-Masry said on Wednesday at an oil conference in Cairo.
Al-Masry also said 2018 will be the last year for Egypt to import gas for the domestic market.
Egypt has gone from exporting energy to being a net importer as domestic output has failed to keep pace with rising demand.
Al-Masry asaid BP's North Alexandria field is on a fast track and will be ahead of schedule by six months.
Reporting by Eric Knecht; editing by Susan Thomas; writing by Asma Alsharif
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