CAIRO—Egypt’s government is taking an unconventional approach toward becoming the Middle East’s next big energy exporter: Its own citizens are footing the bill. President Abdel Fattah Al Sisi’s government has coaxed some big oil companies back to Egypt in part by paying foreign companies more for natural gas and by raising the price of electricity and gas for consumers, who also face rising costs for transportation, water and other basic goods. In June, electricity prices rose 26% overnight while natural-gas prices rose as...

Source: Wall Street Journal August 27, 2018 11:02 UTC