CAIRO - 8 December 2022: Egypt aims to raise the volume of natural gas exports to $1 billion per month during 2023, according to the Minister of Finance, Mohamed Maait. Maait elaborated during his speech on the sidelines of the "Euromoney Egypt 2022" conference, that the current gas exports amounts to $600 million per month. “Egypt aims to raise the total volume of exports to $100 billion,” he stated, explaining that the exports in 2022 amounted to $32 billion, compared to $25 billion during 2021. Maait pointed out that Egypt aims for more development investments, especially in green projects, including green hydrogen, by working hard to enable the local and foreign private sector to lead the locomotive of sustainable and job-rich economic growth, in order to provide one million job opportunities annually. Maait stressed, in his speech, the importance of having a greater role for international development partners in providing concessional financing, especially in light of the expectations of the International Monetary Fund and the World Bank of a slow global economic growth.

Source: Egypt Today December 08, 2022 17:05 UTC