Egypt is set to boost exports of liquefied natural gas by restarting one of its two production plants.
The Damietta facility, which has been idled for eight years, will reopen by the end of February, Oil Minister Tarek El-Molla said in an interview Wednesday with Dubai-based consultancy Gulf Intelligence. It will process about 4.5 million tons of LNG a year and raise the nation’s capacity to 12.5 million tons, he said.
The return of Damietta and the country’s other plant — Idku, whose exports have picked up after dropping last year amid the coronavirus pandemic — will mark a revival of Egypt’s LNG push.
While the Arab nation is a relative minnow — accounting for about 1% of