Egypt wants to double natgas receipts: Egypt wants to increase revenues from natural gas exports to USD 1 bn per month from USD 500 mn currently “in the coming period,” Finance Minister Mohamed Maait said at a Bloomberg forum on Thursday. His statements come days after Oil Minister Tarek El Molla said that Egypt eyes generating USD 8.5-10 bn in natural gas revenues in FY 2022-2023, up from USD 6.5 bn last year.

Electricity rationing is partly to thank: The government’s electricity rationing strategy as being a key driver for the higher expected revenues, El Molla said last week, with Egypt able to make additional shipments in August due to lower domestic consumption.

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