{"id":647134,"date":"2017-05-03T03:57:30","date_gmt":"2017-05-03T03:57:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/egypt-has-potential-to-become-energy-trading-and-export-hub-bnp-paribas\/"},"modified":"2017-05-03T03:57:30","modified_gmt":"2017-05-03T03:57:30","slug":"egypt-has-potential-to-become-energy-trading-and-export-hub-bnp-paribas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/egypt-has-potential-to-become-energy-trading-and-export-hub-bnp-paribas\/","title":{"rendered":"Egypt has potential to become energy trading and export hub -BNP Paribas"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Egypt has clear potential to become an energy trading and export hub,<\/strong><strong> notably for natural gas<\/strong>, according to <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/05\/BNP-Paribas_Egypt-Bid-to-Become-Regional-Energy-Hub_May-2017.pdf\">a report by BNP Paribas<\/a> (pdf) that suggests Egypt\u2019s bid to transform itself into a hub will depend on the country\u2019s capacity to mitigate geopolitical, financial, and regulatory risks.<\/p>\n<p>BNP Paribas says \u201c<strong>Egypt\u2019s bid to become a regional energy hub is built on three <\/strong><strong>pillars:<\/strong> strategic location on key trade routes, proximity to resource-rich countries with relatively saturated domestic markets, and advanced export infrastructure. This last factor, in our view, is the defining pillar of Egypt\u2019s regional hub strategy.\u201d<\/p>\n<p><strong>The hub would include trading and export activities:<\/strong> \u201cThe trading dimension positions Egypt as a deep and open gas market where sellers and buyers transact freely under efficient regulatory conditions\u2026 The second dimension positions Egypt as a gas export hub not only for its own surplus domestic production, but also for the excess output of other East Med basin countries\u2026 Egypt\u2019s existing LNG terminals on the two flanks of Nile Delta seem to be the answer to the East Med gas surplus question.\u201d<\/p>\n<p>The bank sees <strong>three constraints on the development of the Egyptian gas hub.<\/strong> First is the <strong>geopolitical sensitivity<\/strong> between Egypt and Israel on the one hand and Cyprus and Turkey on the other, which could derail development.<strong> The second constraint is the limited financial capacity<\/strong> to invest in a regional hub strategy, that would require changes in EGPC and regional cooperation and a willingness to pay for subsea pipelines that require large capex outlays. <strong>A third constraint to regional energy integration is regulatory uncertainty in host countries<\/strong> as, unlike the stable regulatory regime in Egypt, \u201cupstream regulation has proved to be cumbersome in Israel and, at least, untested in Cyprus.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt has clear potential to become an energy trading and export hub, notably for natural gas, according to a report by BNP Paribas (pdf) that suggests Egypt\u2019s bid to transform itself into a hub will depend on the country\u2019s capacity to mitigate geopolitical, financial, and regulatory risks. BNP Paribas says \u201cEgypt\u2019s bid to become a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647134","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b2c2565f-33a4-42ac-9b53-3c7f10667be4","order":"0","is_powered_by":true,"section_story_id":"18ca8fb3-3d23-4cd4-9e1a-87bd77ac0907","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647127],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt has potential to become energy trading and export hub -BNP Paribas - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/egypt-has-potential-to-become-energy-trading-and-export-hub-bnp-paribas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt has potential to become energy trading and export hub -BNP Paribas\" \/>\n<meta property=\"og:description\" content=\"Egypt has clear potential to become an energy trading and export hub, notably for natural gas, according to a report by BNP Paribas (pdf) that suggests Egypt\u2019s bid to transform itself into a hub will depend on the country\u2019s capacity to mitigate geopolitical, financial, and regulatory risks. 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This reflects tangible appetite on the secondary market as well as liquidity. The report also shows that Egypt\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649658,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/eur-238-mn-siemens-contract-85-financed-by-bnp-paribas-used-eca-backed-funding\/","url_meta":{"origin":647134,"position":2},"title":"EUR 238 mn Siemens contract 85% financed by BNP Paribas, used ECA-backed funding","author":"enterpriseam admin","date":"6 March 2017","format":false,"excerpt":"The EUR 238 mn contract signed with Siemens for six power transmission stations was 85% financed by foreign loans led by BNP Paribas as Coordinating MLA and Facility Agent and was closed in November. The loan benefited from a sovereign guarantee by the Finance Ministry and insurance by Germany's state-owned\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647076,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/bnp-paribas-on-imf-world-bank-spring-meetings\/","url_meta":{"origin":647134,"position":3},"title":"BNP Paribas on IMF \/ World Bank spring meetings","author":"enterpriseam admin","date":"2 May 2017","format":false,"excerpt":"BNP Paribas\u2019 Emerging Markets commentary from IMF \/ World Bank Spring meetings said that, in Egypt, the \u201cauthorities expect a strengthening in the export base after the currency devaluation and also see an improvement in tax revenues with the implementation of various fiscal reforms.\u201d The bank says the meetings showed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561793,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/21\/egypts-economy-to-grow-3-1-this-fiscal-year-says-bnp-paribas\/","url_meta":{"origin":647134,"position":4},"title":"Egypt\u2019s economy to grow 3.1% this fiscal year, says BNP Paribas","author":"enterpriseam admin","date":"21 April 2021","format":false,"excerpt":"Egypt\u2019s economy is expected to grow at a 3.1% clip in the government\u2019s current 2020-2021 fiscal year, down from 3.8% in the previous fiscal year, on the back of declining tourism revenues at the outset of the pandemic, BNP Paribas said in a recent economic research report (pdf). Fiscal support\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/213.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631159,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/is-shell-nearing-a-usd-25-bn-agreement-that-could-see-egypt-become-an-east-med-export-hub\/","url_meta":{"origin":647134,"position":5},"title":"Is Shell nearing a USD 25 bn agreement that could see Egypt become an East Med export hub?","author":"enterpriseam admin","date":"12 March 2018","format":false,"excerpt":"Is Shell nearing a USD 25 bn agreement that could see Egypt become an East Med gas export hub? 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