Reuters: Egypt Permits Private Sector to Import Natural Gas

May 21 Egypt has given the private sector a green light to import natural gas or liquefied natural gas (LNG), a government official said, a step that could encourage private investment in the energy sector while easing energy shortages.

Declining energy production, held back by a lack of investment, has helped turn Egypt from an energy exporter to a net importer over the past few years and contributed to a persistent energy crisis.

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