Gas profit claims all hot air
CAIRO – Egyptian reserves of natural gas, which account for about 1 per cent of the global reserves, could run out by 2017. Despite this, we export gas to a number of countries, including Israel.
If we run out of gas, we’ll have to start importing it, paying global prices for it in hard currency.
In the meantime, Egypt has made huge losses by exporting gas to countries like Israel for shockingly low prices.