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Al Jazeera
Al Jazeera
Business

Out of gas? Egypt’s ambitions to become a regional gas hub are dwindling

A man looks at the world's biggest LNG tanker, the Duhail, as it crosses through the Suez Canal [File: Reuters/Stringer]

Egypt’s years-long ambition to become a regional gas hub and a major exporter of liquefied natural gas (LNG) appears to be in jeopardy as shipments to Europe ground to a halt in June.

To make matters worse, the country witnessed frequent power cuts throughout the summer months due to a shortage of gas to supply its own power plants.

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