Egypt looks to Cyprus to ease gas shortage, but Israeli imports remain vital to its economy

Detailed summary

Egypt is turning to Cyprus to ease costly gas imports, but project delays, commercial disputes, and plans to expand Israeli supplies could keep the countries economically intertwined for years.

Egypt's government has deepened cuts to natural gas supplies for fertilizer producers, increasing the reduction from 20% to 33% on November 8 as it struggles with the rising cost of imported liquefied natural gas (LNG). Cairo is looking to Cyprus for additional pipeline supplies, but the projects' schedules and export commitments suggest that Israeli gas will remain essential to the Egyptian economy for years.Misr Fertilizers Production Co. (MOPCO) disclosed the latest cut to the Egyptian Exchange on Sunday.

Opening of the article, excerpted from The Jerusalem Post. To read the rest, open the article on the publisher's site.