Egypt’s Natural Gas Production Sinks to Six-Year Low

Natural gas production in Egypt, which has seen a massive new gas field come on stream in the Mediterranean in recent years, has plunged to the lowest level in about six years, as the North African country is now importing LNG to meet growing demand. Egypt’s natural gas production fell in May to the levels last seen in February 2018, according to data from the Joint Organisations Data Initiative (JODI) cited by Bloomberg. Egypt has been exporting LNG to Europe, but it usually halts these exports during the summer months, to meet soaring…