Diving into the West’s relationship to Egyptian gas

Our gas sector continues to attract Western investment despite little hiccup: Despite arrears to foreign oil and gas companies pilling up, foreign partners continue to work with Egypt to carry out development and production plans for natural gas and crude oil fields, OilPrice writes in a piece diving into the importance of Egypt and its gas production to Western partners. Egypt has positioned itself as too important of a gas supplier “from the energy and geopolitical perspectives [for the US and its allies] to let it slide further into economic crisis.”

Our geographical location plays a part: Egypt has control over “major global shipping chokepoint” the Suez Canal — one of the few major transport points that China doesn’t control and through which 10% of the world’s oil and LNG flows — and the Suez-Mediterranean pipeline.