Thndr Claps » EGY Claps » Economy 🏙 » Natural gas exports rose 98% in 4 months ⛽
The ClapAccording to Reuters, Egypt’s natural gas exports increased by 98% YoY in the first 4 months of 2022, reaching $3.89 billion.
The deetsThe global rise in natural gas prices spurred gas-producing countries to maximize their production for the maximum benefit.
You should knowIn April 2022, Italian company Eni signed an agreement with Egyptian state-owned company EGAS with the aim of increasing liquefied natural gas (LNG) production.
Why this mattersThe current gas export volume is the highest export level since 2009. Gas exports in the first four months of 2022 come close to the total export volume in 2021.
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