Offshore wells, stronger grids: Egypt’s plan to tame LNG costs

ABU DHABI: Egypt’s falling gas output is not the crisis markets make it out to be, according to Tarek El Molla, the country’s former minister of petroleum and mineral resources. Every field declines, he argues. What matters is how fast Egypt can replace what it loses. “The behavior of the reservoirs of any oil and gas field is natural decline,”…