Ironically, this wave of development has exacerbated Egypt’s hard currency problems. Egypt owes Eni over US$1.25 billion for costs related to its energy developments, according to industry sources.

Bechtel will construct multiple 3.6-million-tonne-per-year liquefied natural gas trains for Egyptian LNG, whose owners include ... Developers are planning a wave of new gas turbine projects. 2 min ...