CAIRO - 29 January 2021: Bloomberg has announced that Egypt is on the course to become one of the world's top 10 natural gas exporters if it reaches full capacity in 2021, backed by the country's endeavors to boost its exports of liquified natural gas, through restarting one of its two production plants. It will process about 4.5 million tons of LNG a year and raise the nation's capacity to 12.5 million tons, el Molla said. “In 2020, the prices were very low and we were not able to export except for a few cargoes,” El Molla said. LNG prices have recovered since late last year, thanks in part to the development and roll-out of virus vaccines. Prices spiked in Asia this month because of a severe winter.

Source: Egypt Today January 29, 2021 05:03 UTC