Egypt aspires to become regional energy hub, Ellinas writes

Egypt is basing its strategy to become a regional energy hub on three key pillars, Charles Ellinas writes for Cyprus Mail. The first is domestic, through the gas market liberalization and the appointment of an independent regulator. Technically and commercially, with a well-established energy system with marine platforms, storage facilities, extensive transmission system and infrastructure.The third pillar involves alignment with EU energy policy in order for Egypt to become a supplier to the continent. “Israeli and Cypriot gas finds, together with the giant Zohr and other gas fields off Egypt, and potential gas reservoirs off Lebanon, could create a gas hub right on Europe’s doorstep,” Ellinas adds.