Egypt is struggling with high inflation and dwindling financial reserves. High natural gas prices and increasing LNG exports could help Cairo fill its coffers again. Egypt needs to improve regional stability and energy ties to fully benefit from its hydrocarbon exports. Egypt’s financial future and stability could be in jeopardy if the country fails to secure a loan from the International Monetary Fund (IMF) very soon. At present, Cairo’s financial reserves are being depleted very rapidly, even while the country’s oil and gas sector is booming as a result of high oil and natural gas prices. Europe’s energy crisis, the continuation of the Russian invasion of Ukraine, and global shortages of natural gas and other energy commodities have pushed hydrocarbon revenues in Egypt to record levels. At the same time, new natural gas discoveries are made in the East Med, as reported by Cyprus and Italian oil major Eni, […]